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Economic sanctions and import substitution

Author

Listed:
  • Igor Leonidovich Vorotnikov

    (Saratov State Vavilov Agrarian University, Russian Federation)

  • Irina Fedorovna Sukhanova

    (Saratov State Vavilov Agrarian University, Russian Federation)

  • Mariya Yuryevna Lyavina

    (Saratov State Vavilov Agrarian University, Russian Federation)

  • Marina Ivanovna Glukhova

    (I.M. Sechenov First Moscow State Medical University, Russian Federation)

  • Konstantin Aleksandrovich Petrov

    (Saratov State Vavilov Agrarian University, Russian Federation)

Abstract

The article focuses on the economic sanctions theory development in the modern global economy. The content of the economic sanctions theory and practice transformation under the influence of internationalization and globalization of markets for goods and services is disclosed. The study analyzes the economic content of sanctions. The goals and grounds for imposing sanctions are defined. The authors classify the types and forms of economic sanctions applied in the modern global economy. The conditions for achieving an impact of economic sanctions are formulated. The attempt is made to assess the economic efficiency of sanctions and their counter-sanction measures. The losses and consequences, both for the countries imposing the sanctions and for countries under pressure, are identified. Factors affecting the distribution of losses from the imposition of economic sanctions are disclosed. The main directions of the economic sanctions content and application practice transformation in the global economy are identified.

Suggested Citation

  • Igor Leonidovich Vorotnikov & Irina Fedorovna Sukhanova & Mariya Yuryevna Lyavina & Marina Ivanovna Glukhova & Konstantin Aleksandrovich Petrov, 2019. "Economic sanctions and import substitution," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1872-1883, June.
    • Handle: RePEc:ssi:jouesi:v:6:y:2019:i:4:p:1872-1883
    DOI: 10.9770/jesi.2019.6.4(23)
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    References listed on IDEAS

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    1. Zane Zeibote & Tatjana Volkova & Kiril Todorov, 2019. "The impact of globalization on regional development and competitiveness: cases of selected regions," Post-Print hal-02115275, HAL.
    2. Zane Zeibote & Tatjana Volkova & Kiril Todorov, 2019. "The impact of globalization on regional development and competitiveness: cases of selected regions," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 1(1), pages 33-47, March.
    3. Olga Finogentova & Vasiliy Tokarev & Mikhail Petrenko & Tatyana Primak, 2018. "Acceptance criterion of state coercion in contemporary society," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(2), pages 820-829, December.
    4. Gary Clyde Hufbauer & Jeffrey J. Schott & Kimberly Ann Elliott, 2009. "Economic Sanctions Reconsidered, 3rd Edition (paper)," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 4129.
    5. repec:ssi:jouesi:v:1:y:2019:i:1:p:33-47 is not listed on IDEAS
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    Cited by:

    1. Morad Bali & Thanh T. Nguyen & Lincoln F. Pratson, 2024. "Impacts of EU Sanctions Levied in 2014 on Individual European Countries' Exports to Russia: Winners and Losers," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 50(2), pages 154-194, April.

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    More about this item

    Keywords

    economic and political sanctions; embargo; import substitution; motives; goals; loss; consequences; sanctions pressure; countries subject to sanctions; countries imposing sanctions;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions

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