The theory and practice of economic sanctions
Year: 2019

Economic sanctions are generally applied when a government of one country wants to express its disagreement with the policies of another country. Such actions can be taken by countries individually or collectively. The objectives of the sanctions often go beyond the mere expression of dissatisfaction and can lead to a change of policies in the targeted country. The literature, however, does not present conclusive evidence that sanctions are an effective policy instrument in that regard. On the c