Economics Dictionary of ArgumentsHome
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| Sanctions effectiveness: Sanctions effectiveness in economics refers to the degree to which economic sanctions achieve their intended policy goals. This often involves pressuring a target country or entity to change its behavior, such as halting aggression, improving human rights, or stopping nuclear proliferation. Factors influencing effectiveness include the scope of sanctions, international cooperation, and the target's economic vulnerability. See also Sanctions, Sanctions policies, Sanctions theory, Sanctions debate._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Oleg Itskhoki on Sanctions Effectiveness - Dictionary of Arguments
Itskhoki I 3 Sanctions Effectiveness/Itskhoki/Ribakova: The 2022 sanctions on Russia have not been an unequivocal success (“Economic Report of the President” 2023(1); Demertzis et al. 2022(2)). Firstly, communication about the objectives of the sanctions was unclear both before and after the full-scale invasion in February 2022. Itskhoki I 4 On the one hand, it appeared that the authorities tried to pursue multiple objectives at the same time; on the other hand, and likely as a result, government communication to the public regarding the sanctions and the assessment of their outcomes during the early months of the war was inconsistent. Secondly, seeking complete isolation from a large, complex, and globally integrated economy is costly and likely unattainable (Ribakova 2024a)(3). As a result, some governments did not want to pursue such a goal and Russia’s oil continued to flow freely to the market. Although the Kremlin’s upbeat statistics should be approached with great caution, most economists concede that Russia’s economy appears to have stabilized, supported by nearly 10 percent of GDP in war-related fiscal stimulus (Ribakova 2024b)(4) and sanction coalition countries’ reluctance to stop buying Russian oil and gas completely. >Sanctions, >Sanctions consequences, >Sanctions debate, >Sanctions evasion, >Sanctions history, >Sanctions policies, >Sanctions theory, >Trade sanctions, >Financial sanctions. 1. “Economic Report of the President.” 2023. Council of Economic Advisers. https://whitehouse.gov/wp-content/uploads/2023/03/erp-2023.pdf. 2. Demertzis, Maria, Benjamin Hilgenstock, Ben McWilliams, Elina Ribakova, and Simone Tagliapietra. 2022. “How Have Sanctions Impacted Russia?” 18/22. Policy Contribution. Bruegel. https://www.bruegel.org/policy-brief/how-have-sanctions-impacted-russia. 3.Ribakova, Elina. 2024a. “Our Experience with Russia Holds Lessons for Future Sanctions.” Financial Times, February 27, 2024, sec. War in Ukraine. https://www.ft.com/content/784eae1d1fb8-455b-b3d3-2ddc4715499d. 4. Ribakova, Elina. 2024b. “Russia’s New Economy May End up Prolonging Its War.” Financial Times, May 2, 2024, sec. Russian economy. https://www.ft.com/content/3fd6b61b-f9f4-47dc-9369- 27909868a0b6._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Itskhoki I Oleg Itskhoki Elina Ribakova The Economics of Sanctions: From Theory Into Practice. Brookings Papers on Economic Activity, Fall 2024. The Brookings Institution 2024 |
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