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Economic Statecraft and Foreign Policy - Sanctions, Incentives, and Target State Calculations (Hardcover, New)
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Economic Statecraft and Foreign Policy - Sanctions, Incentives, and Target State Calculations (Hardcover, New)
Series: Routledge Global Security Studies
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This book develops a unified theory of economic statecraft to
clarify when and how sanctions and incentives can be used
effectively to secure meaningful policy concessions. High-profile
applications of economic statecraft have yielded varying degrees of
success. The mixed record of economic incentives and economic
sanctions in many cases raises important questions. Under what
conditions can states modify the behaviour of other states by
offering them tangible economic rewards or by threatening to
disrupt existing economic relations? To what extent does the
success of economic statecraft depend on the magnitude of economic
penalties and rewards? In order to answer these questions, this
book develops two analytic models: one weighs the threats economic
statecraft poses to the Target's Strategic Interests (TSI); while
the other (stateness) assesses the degree to which the target state
is insulated from domestic political pressures that senders attempt
to generate or exploit. Through a series of carefully crafted case
studies, including African apartheid and Japanese incentives to
obtain the return of the Northern Territories, the authors
demonstrate how their model can yield important policy insights in
regards to contemporary economic sanctions and incentives cases,
such as Iran and North Korea. This book will be of much interest to
students of statecraft, sanctions, diplomacy, foreign policy, and
international security in general.
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