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ECONOMIC SANCTIONS REVISITED: ADDITIONAL INSIGHTS INTO WHY THEY FAIL
Author(s) -
Rarick Charles A.,
Han Thaung
Publication year - 2010
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2010.02007.x
Subject(s) - sanctions , dependency (uml) , economic sanctions , politics , power (physics) , economics , law and economics , public economics , political economy , political science , business , economic policy , development economics , law , engineering , physics , systems engineering , quantum mechanics
Economic sanctions have a poor track record in achieving their objectives. In most cases, they are ineffective in bringing about policy change, cause increased suffering in the sanctioned country and reduce opportunities for business. This paper provides additional insights into why sanctions fail by examining two overlooked factors: power–dependency theory and pressure for political stability.