Economic sanctions
Economic sanctions: economic and commercial measures sometimes taken by governments to achieve their foreign policy objectives. These measures include trade embargoes, investment restrictions or prohibitions, travel restrictions, etc. Most commonly such measures are taken in the pursuit of United Nations economic sanctions. In their analysis of economic sanctions imposed over a long period, Hufbauer and his colleagues have concluded that is not true to say that sanctions "never work" (Economic Sanctions Reconsidered: History and Current Policy). Rather, they consider that sanctions are of limited utility in achieving foreign policy goals that depend on compelling the target country to take actions it is determined to resist. Nevertheless, they consider that in the case of small target countries and comparatively modest policy goals, sanctions have brought about changes in behaviour. See also security exceptions and retaliation.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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