Financial Sanctions Effectiveness as a Foreign Policy Tool on Crises Management


Δημοσιευμένα: Dec 29, 2021
Katerina Psomopoulou
Περίληψη

Post-Cold War financial sanctions utilization reached its peak as policymakers employed used them in order to face address major international crises. Their prominence among foreign policy instruments sparked the interest of many scholars and enriched the existing literature. However, their attractiveness raises several interesting research questions, such as "Do targeted sanctions suffice to achieve the defined objectives?", "Which variables affect their effectiveness?", "What shortcomings can be overcomed to make them more productive?" To probe these queries, in this paper different aspects of both comprehensive and financial/ smart/ targeted sanctions are examined. It is concluded that political will and better understanding of their effects is needed to improve sanctions design and overcome legal and administrative obstacles, since the current flaws are not incurable.

Λεπτομέρειες άρθρου
  • Ενότητα
  • Articles
Λήψεις
Τα δεδομένα λήψης δεν είναι ακόμη διαθέσιμα.
Βιογραφικό Συγγραφέα
Katerina Psomopoulou, Department of International and European Studies, University of Piraeus, Greece
Department of International and European Studies, University of Piraeus, Greece
Αναφορές
Bapat, N. A. & Morgan, T. C. (2009). Multilateral versus Unilateral Sanctions Reconsidered: A Test Using New Data. International Studies Quarterly, 53(4), 1075–1094.
Bapat, N., Heinrich, T., Kobayashi, Y. & Morgan, T. (2013). Determinants of Sanctions Effectiveness: Sensitivity Analysis Using New Data. International Interactions, 39(1), 79-98.
Brooks, R. A. (2002). Sanctions and Regime Type: What Works, and When?. Security Studies, 11(4), 1–50.
Drezner, D. (2015). Targeted Sanctions in a World of Global Finance. International Interactions, 41(4), 755-764.
Early, B. & Jadoon, A. (2016). Do Sanctions Always Stigmatize? The Effects of Economic Sanctions on Foreign Aid. International Interactions, 42(2), 217-243.
Escribà-Folch, A., & J. Wright. (2010). Dealing with Tyranny: International Sanctions and the Survival of Authoritarian Rulers. International Studies Quarterly, 54(2), 335–359.
Escribà-Folch, A., & J. Wright. (2015). Foreign Pressure and the Politics of Autocratic Survival. Oxford, UK: Oxford University Press.
Galtung, J. (1967). On the Effects of International Economic Sanctions, With Examples from the Case of Rhodesia. World Politics, 19(3), 378-416.
Giumelli, F. (2010). Bringing Effectiveness into the Debate: A Guideline to Evaluating the Success of EU Targeted Sanctions. Central European Journal of International and Security Studies, 4(1), 81-100.
Giumelli, F., Hoffmann, F. & Książczaková, A. (2021). The when, what, where and why of European Union sanctions. European Security, 30(1), 1-23.
Heine-Ellison, S. (2001). The Impact and Effectiveness of Multilateral Economic Sanctions: A Comparative Study. The International Journal of Human Rights, 5(1), 81-112.
Kaempfer, W. H., A. D. Lowenberg & W. Mertens. (2004). International Economic Sanctions against a Dictator. Economics and Politics, 16(1), 29–51.
Lektzian, D., & Patterson, D. (2015). Political Cleavages and Economic Sanctions: The Economic and Political Winners and Losers of Sanctions. International Studies Quarterly, 59(1), 46–58.
Lopez, G. A., & Cortright, D. (1997). Financial Sanctions: The Key to a “Smart” Sanctions Strategy. Die Friedens-Warte, 72(4), 327–336.
Major, S. (2012). Timing Is Everything: Economic Sanctions, Regime Type, and Domestic Instability. International Interactions, 38(1), 79–110.
Martin, L. L. (1992). Coercive Cooperation: Explaining Multilateral Economic Sanctions. Princeton, NJ: Princeton University Press.
McLean, E. V., & Whang, T. (2010). Friends or Foes? Major Trading Partners and the Success of Economic Sanctions. International Studies Quarterly, 54(2), 427–447.
Miers, A. & Morgan, T. C. (2002). Multilateral Sanctions and Foreign Policy Success: Can Too Many Cooks Spoil the Broth?. International Interactions, 28(2), 117–136.
Neuenkirch, M. & Neumeier, F. 2015. The impact of UN and US economic sanctions on GDP growth. European Journal of Political Economy, 40(A), 110-125.
Peksen, D. (2019). When Do Imposed Economic Sanctions Work? A Critical Review of the Sanctions Effectiveness Literature. Defence and Peace Economics, 30, 1-13.
Shin, G., Choi, S. & Luo, S. (2015). Do economic sanctions impair target economies? International Political Science Review, 37(4), 485–499.
Weiss, T. G. (1999). Sanctions as a Foreign Policy Tool: Weighing Humanitarian Impulses. Journal of Peace Research, 36(5), 499–509.
Wright, Q. (1955). The Study of International Relations. New York: Appleton-Century Crofts.
Zarate J. C. (2013). Treasury’s War: The Unleashing of a New Era of Financial Warfare. New York: Public Affairs.