Economic Sanctions Reconsidered, Volume 2

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Peterson Institute, 2007 - Business & Economics - 233 pages
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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 1 Introduction
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
Appendix B Impact of US Economic Sanctions on Trade
Appendix C Methodology Used to Estimate the Costs of Sanctions to the Target Country
About the Authors

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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 3 - Elliott define economic sanctions as "the deliberate government inspired withdrawal or threat of withdrawal, of 'customary trade or financial relations.
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.

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About the author (2007)

Jeffrey J. Schott, Senior Fellow, was a Senior Associate at the Carnegie Endowment for International Peace (1982-83) & an International Economist at the US Treasury (1974- 82). He is the author, coauthor, or editor of several books on the trading system, including Launching New Global Trade Talks: An Action Agenda (1998), Restarting Fast Track (1998), The World Trading System: Challenges Ahead (1996), The Uruguay Round: An Assessment (1994), Western Hemisphere Economic Integration (1994), NAFTA: An Assessment (rev. ed. 1993), North American Free Trade: Issues & Recommendations (1992), Completing the Uruguay Round: A Results-Oriented Approach to the GATT Trade Negotiations (1990), Free Trade Areas & U.S. Trade Policy (1989), The Canada-United States Free Trade Agreement: The Global Impact (1988), Auction Quotas and United States Trade Policy (1987) & Trading for Growth: The Next Round of Trade Negotiations (1985).

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