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Books > Social sciences > Politics & government > Central government > Central government policies
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Economic Sanctions as Instruments of American Foreign Policy (Hardcover)
Loot Price: R3,307
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Economic Sanctions as Instruments of American Foreign Policy (Hardcover)
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Dr. Zachary Selden provides a detailed examination of how sanctions
can and cannot be used effectively to further U.S. foreign
interests. In the post-Cold War era, sanctions are becoming a
frequently used tool of foreign policy, but Selden offers an
important cautionary note. Sanctions are often counterproductive,
and they create interest groups within the target country who have
a vested interest in seeing that sanctions and the policies that
brought them to bear are maintained. While sanctions aimed at
capital flows can be highly effective, those aimed at trade often
become the functional equivalent of a protective tariff,
stimulating Import Substitution Industrialization (ISI) and
creating groups of producers or suppliers who take steps in the
political arena to ensure that their economic windfall is
maintained. After demonstrating the ISI effects in a large sample
of cases, Selden goes on to demonstrate how sanctions fueled the
rise of a powerful criminal elite in Yugoslavia who sponsored
extreme nationalist political figures and how sanctions were
twisted to Saddam Hussein's personal benefit in Iraq. More than
simply of academic interest, this study serves as a guide for the
more effective use of sanctions. It will be of particular interest
to scholars, researchers, and policy makers involved with American
foreign and military policy.
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