TITLE

U.S. Economic Sanctions: Lessons from the Iranian Experience

AUTHOR(S)
Askari, Hossein; Forrer, John; Teegen, Hildy; Yang, Jiawen
PUB. DATE
July 2001
SOURCE
Business Economics;Jul2001, Vol. 36 Issue 3, p7
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The United States has been the world's only major country to make frequent use of economic sanctions to change what it perceives as the objectionable policies of other countries. Although the global economic, financial, and military influence of the U.S. enables it to use sanctions as an instrument of foreign policy, the efficacy of sanctions is still in great doubt. Using Iran as an example, over a period of twenty years U.S. sanctions have bad a significant economic cost for the U.S. as well as for Iran. Direct merchandise trade between the U.S. and Iran has declined significantly, but the more important costs of sanctions to each country are due to factors such as missed foreign direct investment (FDI) opportunities, which will ultimately have long-term negative consequences for both countries. For the future, largely because of the expected growing importance of the World Trade Organization (WTO), the use of sanctions by the U.S. is likely to diminish.
ACCESSION #
5057612

 

Related Articles

  • US eases sanctions on Cuba. Ciment, James // BMJ: British Medical Journal (International Edition);04/11/98, Vol. 316 Issue 7138, p1115 

    Reports that the United States (US) government has lifted several sanctions on Cuba. Why the sanctions were implemented; Account on an executive order issued by US President Bill Clinton on March 20, 1998.

  • The U.S. war against the people of Iraq. Chomsky, Noam; Herman, Edward; Said, Edward; Zinn, Howard // Canadian Dimension;Mar/Apr99, Vol. 33 Issue 2, p10 

    Demands the end of United States' economic sanction against Iraq. Total number of deaths in Iraq due to the US economic sanction; Need to launch a national campaign to lift the sanctions; Effects of the sanctions in the mainstream media.

  • Libya.  // MEED: Middle East Economic Digest;8/16/1996, Vol. 40 Issue 33, p26 

    Reports on United States President Bill Clinton's signing into law the secondary sanctions bill against companies investing in Libya's oil industry. Protest from the European Union and individual EU members; Plan to take the US government to court at the World Trade Organization; Importance of...

  • Aid stops to nuclear India.  // International Power Generation;Oct98, Vol. 21 Issue 7, p6 

    Highlights the move of several American companies in India to hand over their equipment supply contracts to non-American companies in the area in effect of the economic sanctions imposed by the United States government. Steps taken by Cogentrix company to transfer its boiler contract from an...

  • The Road to Democracy. Menendez, Robert // Harvard International Review;Fall98, Vol. 20 Issue 4, p30 

    Examines the effects of the United States economic sanctions on Cuba. Effects of the collapse of Soviet Union on Cuba's economy; Cuba's use of international opinion; Democratic changes in Cuba.

  • U.S. waives economic sanctions on China for missile assistance to Pakistan and Iran.  // International Law Update;Dec2000, Vol. 6, p193 

    Reports that the United States has decided to cancel possible economic sanctions against China for its assistance in the missile programs of Pakistan and Iran.

  • Why Our Cuba Policy Is Wrong. Henderson, David R. // Fortune;10/13/1997, Vol. 136 Issue 7, p48 

    Opinion. Reasons that the United States embargo against Cuba has not worked because it has been the wrong strategy. The three problems with it; It being immoral, not working and political; The effect of the Helms-Burton law; How more open trade with Cuba and the rest of the world will defeat...

  • Embargo ends. Morris, John // Treasury & Risk Management;Mar/Apr94, Vol. 4 Issue 1, p15 

    Reports on President Bill Clinton's ending of the trade embargo against Vietnam. Significance of the business activity of the United States in the Asian market.

  • Burma hit with U.S. sanctions.  // Pipeline & Gas Journal;Jun97, Vol. 224 Issue 6, p14 

    Reports that economic sanctions have been imposed on Burma by US President Bill Clinton that will curtail future energy development activity. Abuses by Burma's military government against political opponents; Prohibition of American citizens from entering into contracts with Burma.

Share

Read the Article

Other Topics