Sanctions, Divestment: Feel-good Policies But They Often Fail
Wednesday, April 29, 2015 - 08:50
in Mathematics & Economics
Economic sanctions and divestment campaigns are attractive but often flawed tactics for accomplishing international political goals.The social stigma the campaigns create often fails to match the economic pain these campaigns inflict, making the costs of resisting them for governments like Russia, Syria and Iran tolerable in most cases.Indeed, sanctions succeed less than a third of the time they are imposed, according to researchers at the nonpartisan Peterson Institute for International Economics, and divestment campaigns have an even less certain track record. read more