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International Economic Sanctions Are Not Zero-Sum Games: There Are Only Losers

Author

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  • Dadkhah, Kamran
  • Zangeneh, Hamid

Abstract

Ostensibly, the US sanctions have been enacted to bring pressure on Iran to abandon her support of terrorism and subversion of the region, efforts to produce weapons of mass destruction, and opposition to the Arab-Israeli peace process. But it is said that domestic politics, particularly, the 1996 presidential elections and the power struggle over foreign policy between the Congress and the President may have resulted in adopting the harsh measures. In this paper we argue that embargoes and sanctions outlined above are detrimental to the United State’s leadership and harm American economic interests, and in all likelihood, they will not change Iran’s behavior.

Suggested Citation

  • Dadkhah, Kamran & Zangeneh, Hamid, 1998. "International Economic Sanctions Are Not Zero-Sum Games: There Are Only Losers," MPRA Paper 26391, University Library of Munich, Germany, revised 1998.
    • Handle: RePEc:pra:mprapa:26391
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    File URL: https://mpra.ub.uni-muenchen.de/26391/1/MPRA_paper_26391.pdf
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    References listed on IDEAS

    as
    1. Peter A.G. van Bergeijk, 1994. "Economic Diplomacy, Trade And Commercial Policy," Books, Edward Elgar Publishing, number 447.
    2. 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, January.
    3. Gary Clyde Hufbauer & Jeffrey J. Schott & Kimberly Ann Elliott, 1990. "Economic Sanctions Reconsidered: 2nd Edition," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 82, January.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Akbar E. Torbat, 2005. "Impacts of the US Trade and Financial Sanctions on Iran," The World Economy, Wiley Blackwell, vol. 28(3), pages 407-434, March.
    2. Dario Laudati & M. Hashem Pesaran, 2023. "Identifying the effects of sanctions on the Iranian economy using newspaper coverage," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(3), pages 271-294, April.

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    More about this item

    Keywords

    Iranian economy; Iranian Economic; US Sanctions; cost of sanctions; Benefits of sanctions; Effectiveness of Sanctions; D’Amato law;
    All these keywords.

    JEL classification:

    • 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

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