Economic Sanctions Reconsidered / Edition 3

Economic Sanctions Reconsidered / Edition 3

by Gary Clyde Hufbauer
     
 

ISBN-10: 0881324124

ISBN-13: 9780881324129

Pub. Date: 06/01/2009

Publisher: Peterson Institute for International Economics

The fall of the Berlin Wall has allowed the United Nations to intervene more aggressively in international affairs, including the imposition of mandatory economic sanctions nine times compared to just twice prior to 1990. The second edition of the Institute's influential study on economic sanctions thoroughly updated the first one to address these new developments

Overview

The fall of the Berlin Wall has allowed the United Nations to intervene more aggressively in international affairs, including the imposition of mandatory economic sanctions nine times compared to just twice prior to 1990. The second edition of the Institute's influential study on economic sanctions thoroughly updated the first one to address these new developments arising from the end of the Cold War and the increasing globalization of the world economy.

Now, a new third edition of the study chronicles and examines 170 cases of economic sanctions imposed since World War I. Fifty of these cases were launched in the 1990s and are new to the third edition. Examples of the case studies may be found on the Institute's website (www.iie.com). Analyzing a range of economic and political factors that can influence the success of a sanctions episode, the authors distill a set of "commandments" to guide policymakers in the effective use of sanctions.

Product Details

ISBN-13:
9780881324129
Publisher:
Peterson Institute for International Economics
Publication date:
06/01/2009
Edition description:
Revised
Pages:
233
Product dimensions:
5.90(w) x 8.90(h) x 0.60(d)

Table of Contents

Preface ix

Acknowledgments xiii

1 Introduction 1

A Case Study Approach 2

Sender Countries and Their Motives 5

Limitations on the Use of Sanctions 7

Historical Overview 9

Plan of the Book 18

Appendix 1A 20

2 Analyzing the Utility of Sanctions 43

Anatomy of a Sanctions Episode 43

Framework for Analysis 50

Foreign Policy Goals 52

Overview of the Variables Affecting the Costs of Defiance and Compliance 55

3 Political Variables 65

Modest Changes in Policy 66

Regime Change 67

Disrupting Military Adventures 69

Impairing Military Potential 70

Other Major Policy Changes 72

Politics, the Cold War, and Sanctions Targets 73

Appendix 3A 75

4 Economic Variables 89

Size of Sender and Target Countries 89

Trade Linkages 90

Types of Sanctions 91

Economic Health and Political Stability of Target Countries 99

Cost of Sanctions to Targets 101

Cost of Sanctions to Senders 108

Appendix 4A 113

5 Sanctions after the Cold War 125

Evolution of US Sanctions Policy 126

New Targets and Goals for Sanctions 131

The United Nations and Postwar Sanctions Policy 131

Congressional Intervention in Sanctions Policy 133

State and Local Government Sanctions 136

The Incredible Lightness of "Smart Sanctions" 138

New Challenges for Sanctions Policy 141

Appendix 5A 148

6 Conclusions and Policy Recommendations 155

Are Sanctions Effective? 158

Policy Recommendations: Using Sanctions More Effectively 160

Conclusion: Look Before You Leap 178

Appendix A Econometric Analysis of Economic Sanctions 181

Appendix B Impact of US Economic Sanctions on Trade 193

Appendix C Methodology Used to Estimate the Cost of Sanctions to the Target Country211

Bibliography 215

About the Authors 223

Index 225

Tables

Table 1.1 Sanctions episodes initiated, cost to targets, and world exports, 1915-2000 18

Table 1A.1 Chronological summary of economic sanctions for foreign policy goals, 1914-2000 20

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