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Economic sanctions: an emerging business menace.
Business Economics
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April 1, 1998|
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COPYRIGHT 1998 The National Association for Business Economists. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Use of various kinds of economic sanctions has a long history, even in the United States. Some prime twentieth century examples include our oil sanctions against Japan in the early 1940s, various measures against the Soviet bloc, and the continuing embargoes of Cuba and Iran. Importantly, in the past two decades our use of sanctions has increased substantially. Further, these sanctions are increasingly unilateral in nature. The United States is clearly the world's most active sanctions-imposing country, much to the detriment of our firms that participate in world markets.
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