Back to category: Business

Limited version - please login or register to view the entire paper.

Unilateral Economic Sanctions

Introduction

From 1993 to 1996, sixty-one U.S. laws and executive actions were enacted authorizing unilateral economic sanctions for foreign-policy purposes. These sanctions were imposed on thirty-five countries. In 1997, seventy-five countries were affected by U.S. imposed sanctions affecting not only the targeted country but U.S. commerce and consumers.
Unilateral sanctions can be defined as the applications of sanctions imposed by one country on another, for example U.S. trade with Cuba. Multilateral sanctions are those imposed upon a target country by the U.S. and its allies. “An economic sanction is defined as a restriction on normal commercial relations with the targeted country. This basically involves restrictions on trade, investment and other cross-border economic activities.” (Preeg)
The effectiveness of unilateral sanctions and economic incentives, imposed or offered, by the U.S. on foreign governments to persuade the target government to follow western...

Posted by: Quentina Green

Limited version - please login or register to view the entire paper.