Question

1. What is the impact of economic sanctions? Pick one recent sanction the United States or the European Union or the United Nations imposed on a country and describe the impact in detail.

2. Is military action always necessary to back up a sanction? Why or why not? Support your position with recent examples.

Answer 1

ans 1=

In today’s highly integrated global economy, it’s essential to have a clear-cut comprehension of the expenses & the benefits of unilateral economic sanctions for the US. Majority of the analysis of the efficacy of economic sanctions reveals that they have restricted utility in altering the behavioural patterns of the governments of target nations.

The intention of sanctions on trade is of course to lessen trade: exports / imports /both. Financial sanctions lessen trade by disallowing   foreign exchange /investment/ credit to the target nation/ by increasing its cost of credit.

Besides the immediate effect of economic sanctions on trade flows with the target , several businessmen maintain that the consequences of even limited unilateral American economic sanctions go beyond the targeted sectors. They also claim that the consequences remain long after they are lifted as American corporates come to be regarded as ‘non-dependable suppliers.’

The extraterritorial sanctions that were passed in the Libya/ Iran Sanctions & the ‘Helms-Burton Act’ directed at Cuba were troubling precedents that could augment the non-dependable supplier impact in the future