The sanctions paradox: economic statecraft and international relations

Despite their increasing importance, there is little theoretical understanding of why nation-states initiate economic sanctions, or what determines their success. This 1999 book argues that both imposers and targets of economic coercion incorporate expectations of future conflict as well as the shor...

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Bibliographic Details
Main Author: Drezner, Daniel W. 1968- (Author)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 2010
Series:Cambridge studies in international relations 65
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Summary:Despite their increasing importance, there is little theoretical understanding of why nation-states initiate economic sanctions, or what determines their success. This 1999 book argues that both imposers and targets of economic coercion incorporate expectations of future conflict as well as the short-run opportunity costs of coercion into their behaviour. Drezner argues that conflict expectations have a paradoxical effect. Adversaries will impose sanctions frequently, but rarely secure concessions. Allies will be reluctant to use coercion, but once sanctions are used, they can result in significant concessions. Ironically, the most favourable distribution of payoffs is likely to result when the imposer cares the least about its reputation or the distribution of gains. The book's argument is pursued using game theory and statistical analysis, and detailed case studies of Russia's relations with newly-independent states, and US efforts to halt nuclear proliferation on the Korean peninsula
Item Description:Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Physical Description:1 online resource (xvi, 342 pages)
ISBN:9780511549366
DOI:10.1017/CBO9780511549366

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