Economic Sanctions: Evolution, Consequences, and Challenges

T. Clifton Morgan (), Constantinos Syropoulos () and Yoto Yotov
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T. Clifton Morgan: Rice University

No 2022-12, School of Economics Working Paper Series from LeBow College of Business, Drexel University

Abstract: Taking an interdisciplinary perspective, we examine the evolution of economic sanctions in the post-World War II era and reflect on the lessons that could be drawn from their patterns of use. We observe that, during this time, there has been a remarkable increase in the use of sanctions as an instrument of foreign policy. We classify this period into four `eras' and discuss, in this context, how the evolution of sanctions may be linked to salient features of the contemporaneous international political and economic orders. Our review of the literatures on sanctions in economics and political science suggests, among other things, that our understanding of sanction processes could be significantly advanced by marrying these perspectives. We conclude by identifying several questions and challenges, and by discussing how interdisciplinary research could address them.

Keywords: Sanctions; Evolution of Sanctions; Sanction Success and Effectiveness (search for similar items in EconPapers)
JEL-codes: F13 F14 F51 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2022-11-12
New Economics Papers: this item is included in nep-his and nep-int
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Citations: View citations in EconPapers (3)

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Journal Article: Economic Sanctions: Evolution, Consequences, and Challenges (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:drxlwp:2022_012

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