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Economic Sanctions as ‘Negative Development’: The Case of Cuba
Author(s) -
Gordon Joy
Publication year - 2016
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/jid.3061
Subject(s) - sanctions , international trade , economic sanctions , developing country , goods and services , business , economics , international economics , development economics , economic policy , political science , economic growth , economy , law
Economic sanctions are often viewed as a useful tool to enforce international law. However, they can do significant damage to the economy and development of the targeted country. The US embargo against Cuba has not only blocked its access to US markets but also intervenes in Cuba's trade with third countries, its international financial transactions, and the repair of its infrastructure. The embargo also targets each of the areas in which Cuba is positioned to produce goods and services on a par with highly developed countries, including medicine, biotechnology, and software. Copyright © 2015 John Wiley & Sons, Ltd.