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History Lessons: Sanctions - Neither War nor Peace

Author

Listed:
  • Lance Davis
  • Stanley Engerman

Abstract

This paper surveys the increasing international use of sanctions over the past century. Sanctions are a form of action taken by one state or by collective action to influence another state to change its behavior, as a substitute for welfare. They generally involve restrictions on foreign trade, either of all goods or of specific commodities. Sanctions have generally been imposed by larger countries on smaller countries. Sanctions have had a mixed success rate, depending on the costs imposed on the targeted nation, their response to these costs, and the impact on the economy and public opinion in other nations.

Suggested Citation

  • Lance Davis & Stanley Engerman, 2003. "History Lessons: Sanctions - Neither War nor Peace," Journal of Economic Perspectives, American Economic Association, vol. 17(2), pages 187-197, Spring.
  • Handle: RePEc:aea:jecper:v:17:y:2003:i:2:p:187-197
    Note: DOI: 10.1257/089533003765888502
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/089533003765888502
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    Cited by:

    1. Molenaers, N. & Gagiano, A. & Smets, L. & Dellepiane, S., 2015. "What Determines the Suspension of Budget Support?," World Development, Elsevier, vol. 75(C), pages 62-73.
    2. Tibor Besedeš & Stefan Goldbach & Volker Nitsch, 2017. "You’re banned! The effect of sanctions on German cross-border financial flows," Economic Policy, CEPR;CES;MSH, vol. 32(90), pages 263-318.
    3. Azimzhan Khitakhunov & Bulat Mukhamediyev & Richard Pomfret, 2017. "Eurasian Economic Union: present and future perspectives," Economic Change and Restructuring, Springer, vol. 50(1), pages 59-77, February.
    4. repec:kap:iecepo:v:14:y:2017:i:4:d:10.1007_s10368-017-0376-4 is not listed on IDEAS
    5. Zornitsa Kutlina-Dimitrova, 2017. "The economic impact of the Russian import ban: a CGE analysis," International Economics and Economic Policy, Springer, vol. 14(4), pages 537-552, October.
    6. Mauricio Cárdenas Santa María & Natalia Salazar F., 2007. "Panama's growth diagnostics," WORKING PAPERS SERIES. DOCUMENTOS DE TRABAJO 009190, FEDESARROLLO.
    7. Etkes, Haggay & Zimring, Assaf, 2015. "When trade stops: Lessons from the Gaza blockade 2007–2010," Journal of International Economics, Elsevier, vol. 95(1), pages 16-27.
    8. Mitchener, Kris James & Weidenmier, Marc D., 2010. "Supersanctions and sovereign debt repayment," Journal of International Money and Finance, Elsevier, vol. 29(1), pages 19-36, February.
    9. Kris James Mitchener & Marc D. Weidenmier, 2005. "Supersanctions and Sovereign Debt Repayment," NBER Working Papers 11472, National Bureau of Economic Research, Inc.

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