Economic sanctions and US international business interests

Hossein Askari (), John Forrer (), Hildy Teegen () and Jiawen Yang ()
Additional contact information
John Forrer: The George Washington University, Institute for Global Management and Research, Washington
Hildy Teegen: The George Washington University, International Business and International Affairs, Washington
Jiawen Yang: The George Washington University, International Business and International Affairs, Washington

BNL Quarterly Review, 2002, vol. 55, issue 220, 55-69

Abstract: Economic sanctions are seen as a foreign policy instrument less severe than military engagement but more potent than diplomacy. The assessment of the economic impact of sanctions invariably focuses on direct bilateral trade, with little regard to indirect costs. In the case of sanctions on Iran, the real cost to Iran and the U.S. is not so much due to reduced trade but to factors such as missed investment and joint venture opportunities, especially in the energy sector. The significant size of these costs for Iran will make it difficult for Iran to resume business as usual with U.S. companies whensanctions are lifted, and for U.S. energy companies, their long-term competitiveness in Iran and also globally will be reduced.

Keywords: International Business; Joint Venture; Policy; Trade (search for similar items in EconPapers)
JEL-codes: F13 F23 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (4)

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