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The Rhodesian crisis was one of Britain's thorniest and most important foreign policy issues in the 1960s and 1970s. The oil embargo caused a major political scandal. Yet the sanctions era, and especially the motives and performance of the white Rhodesian regime, are almost entirely unexplored in the historiography of southern Africa. Manipulating the Market contributes to the study of this period while addressing the broader theoretical question of the utility of economic sanctions.
Economicsanctions are an extremely important but poorly understood instrument of state craft. Without the aid of strong causal theories that explain how and why economic sanctions influence the behavior of target actors, policy makers cannot accurately forecast how these actors will respond to sanctions, assess the tradeoffs that arise from imposing sanctions, or improve their ability to use economic sanctions wisely. Manipulating the Market redresses this shortcoming by showing how economic sanctions generate strong societal demands for new institutions to regulate the market, and how the target government can then exploit these institutions to capture the political loyalty of powerful domestic groups. Without dismissing economic sanctions as a foreign policy tool, the author explains why devastating economic sanctions often strengthen rather than weaken target regimes.
David Rowe is Assistant Professor of Political Science, The Ohio State University.
|List of Abbreviations|
|Ch. 1||Markets, Politics, and Influence: Toward a Deeper Understanding of Economic Sanctions||1|
|Ch. 2||Economic Sanctions, Collective Action Dilemmas, and Institutional Change||20|
|Ch. 3||Prelude to Sanctions: The Polarization of Rhodesian Politics||36|
|Ch. 4||Muzzled Dogs Don't Bark: The Political Capture of Rhodesia's Tobacco Industry||63|
|Ch. 5||Reaping the Windfall, Paying the Piper: Rhodesia's Business Community Responds to Sanctions||96|
|Ch. 6||Slippery Business: The Oil Embargo of Rhodesia||133|
|Ch. 7||Economic Sanctions, Political Economy, and the Racial Unity of White Rhodesia||163|