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Economic sanctions and trade dynamics: Analyzing U.S. unilateral and EU autonomous economic sanctions (1950–2019)

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  • Elena Daniela Sarau

    (Mendel University in Brno, Brno, Czech Republic)

Abstract

This study investigates the role of economic sanctions within contemporary national security strategies, focusing on their impact, motivations, and implications for sender states. Utilizing a mixed-methods approach, the research combines qualitative and quantitative methodologies to comprehensively analyze unilateral and autonomous economic sanctions imposed by the U.S. and the EC/EU between 1950 and 2019. The comparative and descriptive analysis examines 97 sanctions episodes, including 60 unilateral U.S. sanctions and an original dataset of 37 EC/EU autonomous economic sanctions episodes. The findings reveal that economic sanctions imposed by both entities generally yield positive economic outcomes for sender states. Endogenous motivations such as economic security concerns, geopolitical interests, and domestic political considerations emerge as significant drivers behind the deployment of sanctions. Economic sanctions are perceived as a strategic tool serving political objectives while enhancing economic security of sender states. Tangible benefits, including strengthened negotiating positions and domestic support, underscore the instrumental role of sanctions in advancing sender states' interests globally. In summary, this research contributes valuable insights into the complex dynamics of economic sanctions and their implications for sender states. The study offers pertinent guidance for policymakers, scholars, and practitioners navigating global security and economic governance challenges by examining economic sanctions' motivations, impacts, and implications within contemporary national security strategies.

Suggested Citation

  • Elena Daniela Sarau, 2024. "Economic sanctions and trade dynamics: Analyzing U.S. unilateral and EU autonomous economic sanctions (1950–2019)," Russian Journal of Economics, ARPHA Platform, vol. 10(3), pages 274-298, October.
  • Handle: RePEc:arh:jrujec:v:10:y:2024:i:3:p:274-298
    DOI: 10.32609/j.ruje.10.121368
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    References listed on IDEAS

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    1. Gary Clyde Hufbauer & Jeffrey J. Schott & Kimberly Ann Elliott, 2009. "Economic Sanctions Reconsidered, 3rd Edition (paper)," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 4129, April.
    2. Gary Clyde Hufbauer & Jeffrey J. Schott & Kimberly Ann Elliott, 2009. "Economic Sanctions Reconsidered, 3rd Edition softcover with CD," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 4310, January.
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    More about this item

    Keywords

    economic sanctions economic security national security economic crisis exchange rate volatility;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism

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