History Lessons Sanctions: Neither War nor Peace

Author:

Davis Lance1,Engerman Stanley2

Affiliation:

1. Mary Stillman Harkness Professor of Social Science, California Institute of Technology, Pasadena, California; Research Associates, National Bureau of Economic Research, Cambridge, Massachusetts.

2. John Munro Professor of Economics and Professor of History, University of Rochester, Rochester, New York; Research Associates, National Bureau of Economic Research, Cambridge, Massachusetts.

Abstract

This paper surveys the increasing international use of sanctions over the past century. Sanctions are a form of action taken by one state or by collective action to influence another state to change its behavior, as a substitute for welfare. They generally involve restrictions on foreign trade, either of all goods or of specific commodities. Sanctions have generally been imposed by larger countries on smaller countries. Sanctions have had a mixed success rate, depending on the costs imposed on the targeted nation, their response to these costs, and the impact on the economy and public opinion in other nations.

Publisher

American Economic Association

Subject

Economics and Econometrics,Economics and Econometrics

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