Knowingo
Economic Sanctions Reconsidered
When do economic sanctions help a government reach its foreign policy goals, and what do they cost both sides?
At a glance
- Author
- Gary Clyde Hufbauer, Jeffrey J. Schott, Kimberly Ann Elliott, Barbara Oegg
Why read it
- You will judge a sanctions plan by asking whether its goal is modest, since modest goals fare better in the data
- You will notice that even careful statistical models cannot reliably predict whether sanctions will work
- You will know the checks to run before imposing sanctions, from whether force can back them up to what they cost your own side
Who it is for
- Diplomat deciding whether to threaten economic penalties
- Business executive exposed to trade restrictions
- Student of foreign policy tools short of war
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