This website uses cookies to ensure you have the best experience. Learn more

Economic Sanctions Essay

1267 words - 6 pages

This essay main is to conduct a critically, and logically analyze of both the economic and ethical consequences that emanate from imposed economic sanctions. The first section of the essay will also deeply appreciate on the definition of an economic sanction and also clearly and logically evaluate whether it is a good strategy to make the other nations honor and respect their demands. This is mostly with an aim to avoid any form of generalization that is done by most people who assume it’s a good practice and also a form of defensive mechanism to coerce the other nation consider on its ultimatums by delivering and basing my argument on a critical analysis ...view middle of the document...

Economic sanction bears some solemn impacts that are of ultimate ethical significance. Since the adoption of the various sanctions in the last 20 years, its impact is not of a small magnitude, and its effects, therefore, cannot be underrated. These sanctions have seen the growth of humanitarianism that is practices that are aimed at promoting human welfare in an effort to reduce and also prevent wars from arising. Imposing economic pressure and sanctions to a target nation that you are not in good terms with is seen as a rather more acceptable and also a non-violent approach that prevents any kind of conflicts between nations that could cause a lot of suffering and even deaths of the civilians. Sanctions are also necessary for some situations because they aim at enhancing the legitimacy of the state issuing the sanction and also keenly look into the possible causes of the problems (Haass et al., p.126). Sanctions can be viewed as more logical, and ethical strategies aimed and maintaining peace. Professionals argue that a sanction is good way and method to make its demands known and respected by the target country instead of creating a war that that may end up causing a lot of citizens to lose their lives, be internally displaced and also waste the government resources that would have been channeled to other meaningful projects of improving people's livelihoods.
However, not all sanctions are good, and for the case of an imposed comprehensive sanction it have totally proved otherwise. This type of sanctions is more of a dictatorial methodology, and it tends to create a lot of fear, suffering and even loss of life among the population of the targeted economy. A critical example was the sanction policy that was introduced in IRAQ between the years 1990 to 2003. The sanction highly affected the robust population of over 31 million civilians where the prices of basic commodities such as floor, cooking fats, sugar, and salt were hiked as high as 1000 percent per year in Iraq (Blanchard et al, p.37). The sanction had a tremendous impact because it totally crippled the country’s infrastructure and financed even become an immense problem. The sanction also created a lot of unemployment among the young people with the unemployment rate rising to over 30 percent. The impact did not stop there because the prevailing unemployment conditions in the country caused massive crime rates to be reported as well as drug and substance abuse was reported to be on the pick. Over 200,000 children who were below the age five years also died due to malnutrition and other innocent civilians died in the process. From the above case analysis it is clear that some sanctions do not have the humanitarian welfare in mind but are only aimed and targeted towards the selfish gains of a few individuals in the quest for power and leadership (Cortright et al, p.75).
Financial sanctions may also tend to...

Other assignments on Economic Sanctions

North Korea Political Evaluation Essay

1525 words - 7 pages Republic of Korea, North Korea) faced the most critical test of its life, and survived. The collapse of the Soviet Union, the drastic cuts in patron aid from China, and the onset of famine that killed hundreds of thousands all constituted the ultimate test of DPRK stability, and the regime staggered on through it all.(1) There are five potential variables that could bring the Arab Spring to North Korea’s doorstep: individual socio-economic

You Decide Essay

3346 words - 14 pages Change - Legislation Companies will stop paying bribes when the risk to the management or the company itself is greater than the perceived benefit to be gained from the bribe. In many cases, the payment will be a business decision not a moral one. U.S. companies' motivation to pay bribes changed dramatically with the passage of the Foreign Corrupt Practices Act (FCPA) in 1977. The strong criminal sanctions of the FCPA usually prevailed over the

Perspectives On The French Economy

1979 words - 8 pages , “regulates, authorises, monitors, and, where necessary conducts investigations and issues sanctions”. Congress created the AMF authority in 2003. According to the 2015 Index of Economic Freedom, “France’s economic freedom has waned as the size and reach of government have expanded”. This has been attributed to a decrease in the amount of youth working and issues with private sector expansion. The government provides many utilities, social

Societies Of Europe

1430 words - 6 pages The emergence and deepening of the European identity has been a significant aspect of integration over the past two decades. The European identity can be classified as a set of values shared by all the citizens of the European Union. The most tangible illustration of a European identity is the European Union (EU), a political-economic union that consists of 28 member states within Europe. Individuals and nations within Europe subordinating

Credit Risk Identification

1890 words - 8 pages acceptable parameters. The Credit Risk is generally made up of transaction risk or default risk and portfolio risk. The portfolio risk in turn comprises intrinsic and concentration risk. The credit risk of a banks portfolio depends on both external and internal factors. The external factors are the state of the economy, rates and interest rates, trade restrictions, economic sanctions, wide swings in commodity/equity prices, foreign exchange rates


2204 words - 9 pages people, eating the same. Durkheim[1] classifies a social fact as manners of acting, thinking and feeling external to the individual, which are invested with a coercive power by virtue of which they exercise control over him. The individual who chooses to act against this social fact will receive social sanctions. On a small scale the dieting woman will have to answer sceptical questions and crumble under the reproachful looks when not eating

Ba 390 Final Study Guide

1115 words - 5 pages * industrial economies= rich market for all goods * GATT= 1947 promote world trade by - tariffs & setting global standards * WTO= enforces GATT, mediates global disputes, and imposes trade sanctions * free trade zones/ economic communities= nations organized to work toward common goals in the regulation of international trade * EU= 1957 european union working to reduce barriers and increase free flow * NAFTA= 1994 north

South West Airlines

1467 words - 6 pages airliner. Rivalry is increasing, as the market decreases, and competitors downsize, the competitors become more or less equal in size and capacity. This means that as economic conditions worsen, competitors downsize and then compete for the same remaining market. Few of their main competitors are Continental Airlines and American Airlines. Substitute products include the train (Amtrak) and bus (Greyhound) which cover long distances. While these

The Global Environment Of Business: New Paradigms For International Management

5311 words - 22 pages . Firms differ in their ability to utilize social capital within each culture, so the enhancement of a firm’s ability in this regard may lead to a competitive advantage for the firm. Many authors use the social capital perspective to analyze differences among countries in regard to economic growth and the productivity improvements that drive growth. For the World Bank, this subject has been the focus of considerable research—much of it linking

Accounting Perspectives

5799 words - 24 pages commissioning a brutalised rhetoric and creating a distance between the perpetrator and the victim. Fourthly, accounting contributes to justifying the disproportions, exploitation and outright denial of life created by the corporate globalization agenda through uplifting economic development over all other considerations. Fifth, the economic sanctions follow the unimpeachable logic of accounting in that they produce brutal consequences for the enemy

Hannibal Rising

2233 words - 9 pages influence and determine the economic activity in the society is also closely studied. | Political Anthropology The focus of political anthropology is on political process and functioning of authority, law, justice and sanctions in simple societies, political organization in egalitarian and stratified societies, focus of power and leadership, political processes emerging among nations and complex societies, political culture and the nation

Similar Documents

Iran Update Essay

542 words - 3 pages the 2nd highest-ranking authority, who is responsible for setting the country's economic policies. Iran’s government also includes a Parliament, which is a unicameral legislative body that drafts legislation, ratifies international treaties, and approves the country's budget. There’s also The Assembly of Experts, which consists of 86 educated clerics who elect the Supreme Leader from within their own ranks and periodically reconfirm him. The

France Essay

651 words - 3 pages France If there was one thing at the forefront of the minds of French voters, with the upcoming presidential election, it would be the current economic crisis focusing mainly on the failing euro. (Hey, Big Spender) This paper will summarize three articles that relate to the failing euro and the French President Nicolas Sarkozy’s role in this issue, part of a possible solution of getting it back on track in “Going Dutch” by Martin Feldstien, in

Parliament Carries Out None Of Its Functions Adequately (

619 words - 3 pages most go through various processes in the two houses before it is passed as a law. Though there is little to no free debates do discussion, due to various reasons such as the whips, who hold the MPs to account. A private member bill is unlikely to pass as only a few are even able to be discussed due to parliaments schedule. The House of Lords have very little to power as they have no say in any economic legislations, and can only block

Counter Terrorism Grand Strategy Essay

1446 words - 6 pages far beyond its own borders with the aim of keeping its civilians safe from terrorist threats and attacks. One of the United States main policies towards fighting terrorism is Diplomatic actions and Economic sanctions against States that support terrorism. An example of this is the United Nations leading and mandating Global Sanctions against Libya due to the role it had in supporting the terrorists involved in the 1988 Pan Am 103 bombing. This