Economic Sanctions Reconsidered: Third Edition

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Peterson Institute
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Contents

Chapter 1 Introduction
1
Chapter 2 Analyzing the Utility of Sanctions
43
Chapter 3 Political Variables
65
Chapter 4 Economic Variables
89
Chapter 5 Sanctions after the Cold War
125
Chapter 6 Conclusions and Policy Recommendations
155
Appendix A Econometric Analysis of Economic Sanctions
181
Appendix B Impact of US Economic Sanctions on Trade
193
Appendix C Methodology Used to Estimate the Costs of Sanctions to the Target Country
211
Bibliography
215
About the Authors
223
Index
225
Copyright

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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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