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Short- and Long-Term Effects of Economic Sanctions on Economic Dynamics: The Yugoslav Experience
[Краткосрочное И Долгосрочное Влияние Экономических Санкций На Экономическую Динамику: Опыт Югославии]

Author

Listed:
  • Daniil A. Sitkevich

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

Restrictive economic measures that the UN Security Council imposed first on the SFRY and then on the Federal Republic of Yugoslavia on September 25, 1991 that partially remained in effect until September 10, 2001, are one of the few examples of foreign trade restrictions comparable to the collective international sanctions imposed by the United States, EU, Great Britain and several other countries against the Russian Federation in February-March 2022. The Yugoslav experience is also valuable because that country’s economy faced difficulties not only during the introduction and operation of sanctions, but also after they were lifted.

Suggested Citation

  • Daniil A. Sitkevich, 2022. "Short- and Long-Term Effects of Economic Sanctions on Economic Dynamics: The Yugoslav Experience [Краткосрочное И Долгосрочное Влияние Экономических Санкций На Экономическую Динамику: Опыт Югослави," Russian Economic Development, Gaidar Institute for Economic Policy, issue 6, pages 15-18, June.
    • Handle: RePEc:gai:recdev:r2248
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    More about this item

    Keywords

    Yugoslavia; Yugoslav experience; economic sanctions;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions

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