Trade Sanctions — Effects and Side Effects
Abstract Trade sanctions have been repeatedly used as an instrument to force countries to change policies or actions that are considered condemnable. Trade sanctions put pressure on a country by purposefully harming its economy. The resulting economic costs are intended to translate into political c...
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| Main Authors: | , |
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| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2022-05-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3188-2 |
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| _version_ | 1832573089180811264 |
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| author | Thieß Petersen Thomas Schwab |
| author_facet | Thieß Petersen Thomas Schwab |
| author_sort | Thieß Petersen |
| collection | DOAJ |
| description | Abstract Trade sanctions have been repeatedly used as an instrument to force countries to change policies or actions that are considered condemnable. Trade sanctions put pressure on a country by purposefully harming its economy. The resulting economic costs are intended to translate into political costs for the government of the target country. In this article, we outline the economic mechanisms behind trade sanctions and resulting effects for both the implementer and the target country. We also discuss the implications of our findings in light of the current sanction regime against Russia. |
| format | Article |
| id | doaj-art-818e9551b63740c2ba80b9da2886132e |
| institution | Kabale University |
| issn | 1613-978X |
| language | deu |
| publishDate | 2022-05-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-818e9551b63740c2ba80b9da2886132e2025-02-02T05:28:59ZdeuSciendoWirtschaftsdienst1613-978X2022-05-01102535436010.1007/s10273-022-3188-2Trade Sanctions — Effects and Side EffectsThieß Petersen0Thomas Schwab1Bertelsmann StiftungBertelsmann StiftungAbstract Trade sanctions have been repeatedly used as an instrument to force countries to change policies or actions that are considered condemnable. Trade sanctions put pressure on a country by purposefully harming its economy. The resulting economic costs are intended to translate into political costs for the government of the target country. In this article, we outline the economic mechanisms behind trade sanctions and resulting effects for both the implementer and the target country. We also discuss the implications of our findings in light of the current sanction regime against Russia.https://doi.org/10.1007/s10273-022-3188-2 |
| spellingShingle | Thieß Petersen Thomas Schwab Trade Sanctions — Effects and Side Effects Wirtschaftsdienst |
| title | Trade Sanctions — Effects and Side Effects |
| title_full | Trade Sanctions — Effects and Side Effects |
| title_fullStr | Trade Sanctions — Effects and Side Effects |
| title_full_unstemmed | Trade Sanctions — Effects and Side Effects |
| title_short | Trade Sanctions — Effects and Side Effects |
| title_sort | trade sanctions effects and side effects |
| url | https://doi.org/10.1007/s10273-022-3188-2 |
| work_keys_str_mv | AT thießpetersen tradesanctionseffectsandsideeffects AT thomasschwab tradesanctionseffectsandsideeffects |