Failure and Success of Economic Sanctions
Peter van Bergeijk writes vox.eu column on effectiveness of economic sanctions
Peter van Bergeijk gives an opposing view to the conventional wisdom that economic sanctions do not achieve very much.
The discussion about the effectiveness of economic sanctions as an instrument of foreign policy recently revived due to the recent oil embargo of Iran and the European embargo on equipment for the Syrian oil and gas industry. The consensus view seems to be that economic sanctions – despite the long history of and experience with this instrument – are still completely ineffective.
This may have been the case, but over the last 15 years the situation has changed.
About the author
Peter van Bergeijk is Professor of International Economics and Macroeconomics at ISS
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Publication date: Tuesday, 27 March 2012
