U.S. Economic Sanctions: Lessons from the Iranian Experience.(Statistical Data Included)

Business Economics | July 1, 2001| | Copyright

THE MOST VISIBLE SANCTIONS, THOSE ON TRADE, MAY NOT BE THE MOST IMPORTANT; AND IT IS NOT CLEAR THAT THE COST OF THE SANCTIONS ARE WARRANTED BY THEIR BENEFITS.

The United States has been the world's only major country to make frequent use of economic sanctions to change what it perceives as the objectionable policies of other countries. Although the global economic, financial, and military influence of the U.S. enables it to use sanctions as an instrument of foreign policy, the efficacy of sanctions is still in great doubt. Using Iran as an example, over a period of ...

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