Economic Sanctions Evolution, Consequences, and Challenges
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 features and patterns of use. We observe that, during this time, there has been a remarkable increase in the use of sanctions...
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| Published in | The Journal of economic perspectives Vol. 37; no. 1; pp. 3 - 30 |
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| Main Authors | , , |
| Format | Journal Article |
| Language | English |
| Published |
American Economic Association
2023
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| Subjects | |
| Online Access | Get full text |
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| 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 features and 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 related literatures 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. |
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| AbstractList | 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 features and 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 related literatures 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. |
| Author | Morgan, T. Clifton Syropoulos, Constantinos Yotov, Yoto V. |
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| Cites_doi | 10.1086/261845 10.4337/9781839102721 10.1111/j.1743-8594.2008.00069.x 10.1177/0022002707306811 10.1016/j.euroecorev.2020.103561 10.4337/9781839102721.00012 10.1017/S0020818300027703 10.1016/j.euroecorev.2021.103720 10.1093/epolic/eix002 10.3998/mpub.13227 10.1162/isec.22.2.90 10.1080/1067056022000054597 10.2307/2938960 10.1080/10242694.2019.1625250 10.2307/2615145 10.1111/1467-9701.00264 |
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| SubjectTerms | Trade Sanctions and International Relations |
| Subtitle | Evolution, Consequences, and Challenges |
| Title | Economic Sanctions |
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