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Are sanctions for losers? A network study of trade sanctions

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  • Fabio Ashtar Telarico

Abstract

Studies built on dependency and world-system theory using network approaches have shown that international trade is structured into clusters of 'core' and 'peripheral' countries performing distinct functions. However, few have used these methods to investigate how sanctions affect the position of the countries involved in the capitalist world-economy. Yet, this topic has acquired pressing relevance due to the emergence of economic warfare as a key geopolitical weapon since the 1950s. And even more so in light of the preeminent role that sanctions have played in the US and their allies' response to the Russian-Ukrainian war. Applying several clustering techniques designed for complex and temporal networks, this paper shows that a shift in the pattern of commerce away from sanctioning countries and towards neutral or friendly ones. Additionally, there are suggestions that these shifts may lead to the creation of an alternative 'core' that interacts with the world-economy's periphery bypassing traditional 'core' countries such as EU member States and the US.

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  • Fabio Ashtar Telarico, 2023. "Are sanctions for losers? A network study of trade sanctions," Papers 2310.08193, arXiv.org.
    • Handle: RePEc:arx:papers:2310.08193
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    References listed on IDEAS

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    1. Vladimir Mau, 2016. "Between crises and sanctions: economic policy of the Russian Federation," Post-Soviet Affairs, Taylor & Francis Journals, vol. 32(4), pages 350-377, July.
    2. T. Clifton Morgan & Constantinos Syropoulos & Yoto V. Yotov, 2023. "Economic Sanctions: Evolution, Consequences, and Challenges," Journal of Economic Perspectives, American Economic Association, vol. 37(1), pages 3-30, Winter.
    3. Catherine Matias & Vincent Miele, 2017. "Statistical clustering of temporal networks through a dynamic stochastic block model," Journal of the Royal Statistical Society Series B, Royal Statistical Society, vol. 79(4), pages 1119-1141, September.
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