Abstract:Economic sanctions can be attractive policy tools for a number of governments that want to influence a country's behavior. From an economic point of view, sanctions, based on their nature, can lead to changes that turn against the initiating party. There is no convincing evidence in the literature that economic sanctions are an effective foreign policy instrument. However, the number of sanctions episodes is growing, and in recent years, this tool is still popular. This study analyzes the mechanism of the work… Show more
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