1 AIT Asian Institute of Technology

Economic sanctions : a credible instrument in foreign policy?

AuthorKorvin, Stéphane
Call NumberAIT RSPR no.SM-05-63
Subject(s)Economic sanctions
NoteA research study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration, School of Management
PublisherAsian Institute of Technology
Series StatementResearch studies project report ; no. SM-05-63
AbstractThroughout our modern history, economic sanctions have been used in interstate or intrastate conflicts. Yet, their effectiveness and long term consequences seem to raise much criticisms or doubts. To take part of the current debates questioning this foreign policy instmment, it is important to have a clear understanding of the various types of economic sanctions and the policy objectives it is linked with. Then in the judgment of their viability, it is necessary to assess both their economic impacts and political effects. Such judgments prove to be complex but of a great help to have a better perception of how sanctions should be imposed and how common mistakes should be avoided. The analysis of the different past sanctions regimes show then that smart sanctions should gradually replace comprehensive sanctions as a better targeted instrument, able to induce more properly political change while minimizing the humanitarian and other social side effects. As the international diplomatic context is changing, and thus the nature of foreign policy issues, economic sanctions have to evolve towards more transparency concerning their objectives and should be more carefully imposed and monitored. The future credibility of economic sanctions will be very dependent from the lesson learnt and the understanding of what should be its proper place in the conduct of foreign policy. The capacity of the United Nations or the US to integrate it in a well framed persuasive strategy will also be of a crucial matter. Economic sanctions are in definitive not the only response to diplomatic problems, but can prove to be very interesting in some situations if properly used.
Year2005
Corresponding Series Added EntryAsian Institute of Technology. Research studies project report ; no. SM-05-63
TypeResearch Study Project Report (RSPR)
SchoolSchool of Management (SOM)
DepartmentOther Field of Studies (No Department)
Academic Program/FoSMaster of Business Administration (MBA) (Publication code=SM)
Chairperson(s)Tang, John C.S.
Examination Committee(s)Sununta Siengthai; Zimmermann, Willi
Scholarship Donor(s)-
DegreeResearch report (M.Sc.) - Asian Institute of Technology, 2005


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