 Interdependence and multilateral economic sanctionsYuying Jin and Xue Meng The World Economy, 2024, vol. 47, issue 3, 983-1003 Abstract: Multilateral economic sanctions jointly sent by the United States and its allies were studied theoretically and quantitatively. Theory provides an interdependence explanation for the current trend in economic sanctions, arguing that it constitutes an inherent motivation for the United States and its allies to act in concert to maintain the current ‘unipolar’ situation and to impede the development of any ‘multipolar’ alternative. Quantitatively, a computable general equilibrium model simulating the impact of the multilateral trade sanctions imposed in response to the Russia–Ukraine conflict was evaluated to support the interdependence view of economic sanctions. The results suggest that the interdependencies among the United States and its allies would be strengthened by sanctions, especially at the production end. By contrast, economic sanctions weaken the interdependencies between the sanction target and sanction senders, as well as between the sanction target and other major economies. The interdependencies between sanction target and world's major economies tend to be simplified, indicating a weakened role of sanction target in the global economic development. Date: 2024 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:worlde:v:47:y:2024:i:3:p:983-1003 Ordering information: This journal article can be ordered from Access Statistics for this article The World Economy is currently edited by David Greenaway More articles in The World Economy from Wiley Blackwell |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.