Economic Sanctions Reconsidered [with CD]: [Softcover with CD-ROM] / Edition 3 available in Hardcover, Paperback, eBook, Other Format
Economic Sanctions Reconsidered [with CD]: [Softcover with CD-ROM] / Edition 3
- ISBN-10:
- 0881324310
- ISBN-13:
- 9780881324310
- Pub. Date:
- 04/06/2021
- Publisher:
- Peterson Institute for International Economics
- ISBN-10:
- 0881324310
- ISBN-13:
- 9780881324310
- Pub. Date:
- 04/06/2021
- Publisher:
- Peterson Institute for International Economics
Economic Sanctions Reconsidered [with CD]: [Softcover with CD-ROM] / Edition 3
Buy New
$39.95Overview
Product Details
ISBN-13: | 9780881324310 |
---|---|
Publisher: | Peterson Institute for International Economics |
Publication date: | 04/06/2021 |
Edition description: | third edition |
Pages: | 248 |
Product dimensions: | 6.10(w) x 9.20(h) x 0.60(d) |
About the Author
Jeffrey J. Schott joined the Peterson Institute for International Economics in 1983 and is a senior fellow working on international trade policy and economic sanctions. Durgaing his tenure at the Institute, Schott was also a visiting lecturer at Princeton University (1994) and an adjunct professor at Georgetown University (1986–88). He was a senior associate at the Carnegie Endowment for International Peace (1982–83) and an official of the US Treasury Department (1974–82) in international trade and energy policy. Durgaing the Tokyo Round of multilateral trade negotiations, he was a member of the US delegation that negotiated the GATT Subsidies Code. Since January 2003, he has been a member of the Trade and Environment Policy Advisory Committee of the US government. He is also a member of the State Department's Advisory Committee on International Economic Policy.
Kimberly Ann Elliott, former visiting fellow, is a senior fellow at the Center for Global Development. She is the author or coauthor of numerous books and articles on a variety of trade policy and globalization issues. Much of her work focuses on the uses of economic leverage in international negotiations, including both economic sanctions for foreign policy goals and trade threats and sanctions in commercial disputes.
Barbara Oegg is a consultant to the Peterson Institute for International Economics. She was a research associate at the Institute from 1998 to 2004. She has coauthored numerous articles on economic sanctions, including The Impact of Economic Sanctions on US Trade: Andrew Rose's Gravity Model (2003), Capital-Market Access: New Frontier in the Sanctions Debate (2002), and Using Sanctions to Fight Terrorism (2001). She is coauthor of Economic Sanctions Reconsidered, 3rd edition (2007).
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
Table 1A.2 Post-2000 sanctions episodes 34
Table 1A.3 Selected pre-World War I episodes of economic sanctions for foreign policy goals 39
Table 3A.1 Cases involving modest changes in the target-country policies: Political variables 75
Table 3A.2 Cases involving regime change and democratization: Political variables 78
Table 3A.3 Cases involving disruption of military adventures (other than major wars): Political variables 83
Table 3A.4 Cases involving impairment of military potential (including major wars): Political variables 84
Table 3A.5 Cases involving other major changes in target-country policies (including surrender of territory): Political variables 86
Table 3A.6 Episodes by target region 88
Table 4.1 GATT Article XXI exemptions 95
Table 4.2 Economic health and political stability, by policy goal 100
Table 4.3 Characteristics of threat cases compared with all others 107
Table 4A.1 Cases involving modest changes in target-country policies: Economic variables 113
Table 4A.2 Cases involving regime change and democratization: Economic variables 116
Table 4A.3 Cases involving disruption of military adventures (other than major wars): Economic variables 120
Table 4A.4 Cases involving impairment of military potential (including major wars): Economic variables 121
Table 4A.5 Cases involving other major changes in target-country policies (including surrender of territory): Economic variables 123
Table 5.1 Success by period 127
Table 5.2 US experience with sanctions since World War II 129
Table 5A.1 Selected Sanctions legislation by specific issue or country 148
Table 6.1 Success by policy goal 159
Table 6.2 Success and prior relations, by policy goal 164
Table 6.3 Average trade linkage, by policy goal and success score 165
Table 6.4 Success and regime type, by policy goal 166
Table 6.5 Economic health and political stability, by policy goal and success score 167
Table 6.6 Average cost to target, by policy goal 170
Table 6.7 Success by sanction type 170
Table 6.8 Success and duration of sanctions episodes, by policy goal 171
Table 6.9 Success and international cooperation with sender, by policy goal 174
Table 6.10 Success and cooperation from an international organization, by policy goal 174
Table 6.11 Success and international assistance to target, by policy goal 175
Table 6.12 Success and companion policies, by policy goal 176
Table 6.13 Average cost to sender, by policy goal and success score 177
Table A.1 Regression variables 185
Table A.2 Binary logit model regression results for the probability of "limited success" or better 189
Table B.1 Core gravity model variables 195
Table B.2 US economic sanctions in effect in 2000 197
Table B.3 Indicator variables for US economic sanctions 199
Table B.4 Impact of US economic sanctions on bilateral trade between target countries and the United States 202
Table B.5 Impact of US economic sanctions on bilateral trade between target countries and all partners 204
Table B.6 US trade losses owing to US economic sanctions in effect in 2000 208
Table B.7 All partner trade losses owing to US economic sanctions in effect in 2000 209
Table C.1 Combined elasticity and the sanctions multiplier 214
Figures
Figure 2.1 Expected outcomes, depending on relative motivation and sender leverage 51
Figure 5.1 Sanctions trends after the Cold War, 1990-99 126
Figure 5.2 Increasing congressional involvement, 1940-99 135
Figure 5.3 Evolution of congressional role in imposing sanctions, 1940-99 136
Figure C.1 Welfare loss from the imposition of export sanctions 212
Boxes
Box 4.1 GATT Article XXI 93
Box 6.1 Reinforcing the stick with carrots 169
Box A.1 Defining the dependent variable in analyses of economic sanctions effectiveness 183