Economic Sanctions Reconsidered
This is a revised edition of the classic book on this subject. It chronicles and examines 170 cases of economic sanctions imposed since World War I. Fifty of these cases were launched in the 1990s and are new to this edition. Special attention is paid to new developments arising from the end of the Cold War and the increasing globalization of the world economy. Analyzing a range of economic and political factors that can influence the success of a sanctions episode, the authors distill a set of commandments to guide policymakers in the effective use of sanctions. This study will be published in two parts: "Economic Sanctions Reconsidered: History and Current Policy", summarizing the analysis and outlining the policy recommendations and "Economic Sanctions Reconsidered: Case Histories", a supplemental CD-ROM containing the case studies. The CD-ROM is not sold separately
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Chapter 2 Analyzing the Utility of Sanctions
Chapter 3 Political Variables
Chapter 4 Economic Variables
Chapter 5 Sanctions after the Cold War
Chapter 6 Conclusions and Policy Recommendations
Appendix A Econometric Analysis of Economic Sanctions
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achieve allies analysis Arab League Article XXI asset freezes average bilateral trade change and democratization China coefficients Cold War companion policies contribution country if sanction country’s Cuba database democracy dependent variable Destabilize Disruption of military Dummy variable equal economic sanctions effect embargo estimated European Union explanatory variables financial sanctions foreign policy goals France gravity model Hufbauer impose sanctions imposition of sanctions Improve human rights India indicator variables international cooperation involving Iran Iraq Japan League of Nations Libya listed in table major policy changes measures military adventures Military impairment Modest policy changes negligible negligible North Korea nuclear weapons Pakistan partners percent political stability political variables President regime change restrictions result sanc sanctions episode sanctions imposed sanctions policy sender and target sender country Sender Target Soviet Union target country target-country trade terrorism terrorist threat tions trade linkage United Kingdom United Nations USSR World Yugoslavia
Page 1 - A nation that is boycotted is a nation that is in sight of surrender. Apply this economic, peaceful, silent, deadly remedy and there will be no need for force. It is a terrible remedy. It does not cost a life outside the nation boycotted, but it brings a pressure upon that nation which, in my judgment, no modern nation could resist.
Page xii - Eichengreen Kristin Forbes Jeffrey A. Frankel Daniel Gros Stephan Haggard David D. Hale Gordon H. Hanson Takatoshi Ito John Jackson Peter B. Kenen Anne O. Krueger Paul R. Krugman Roger M. Kubarych Jessica T. Mathews Rachel McCulloch Thierry de Montbrial Sylvia Ostry Tommaso Padoa-Schioppa Raghuram Raj an Dani Rodrik Kenneth S.
Page 8 - To sanctions of an economic character we will reply with our discipline, with our sobriety, and with our spirit of sacrifice. To sanctions of a military character we will reply with orders of a military character. To acts of war we will reply with acts of war.