So says Dan Drezner, scholar of sanctions:
Financial sanctions and asset freezes sound good, part of the newfound policymaker faith in “smart sanctions” as a way squeezing a country’s elite without hurting the population. It’s likely that targeted financial sanctions could, if well designed, impose some costs on Russia’s oligarchs and officials. But this assumes that Putin needs the support of Russia’s plutocrats rather than vice versa.
…As for opening up U.S. energy exports as a way of diluting European dependence on Russian natural gas, it’s not a bad idea — it’s not going to generate much pain in the short term.
Sorry, but the fact remains that sanctions will not force Russia out of Crimea. This doesn’t mean that they shouldn’t be imposed.
The full article is very good.
I’m interested in the sanctions literature, so pointers to other articles welcome.
19 Responses
http://blogs.piie.com/realtime/?p=4249
Jeffrey Schott’s been working on the topic for a while, including whatever edition they’re up to in this – http://www.amazon.com/Economic-Sanctions-Reconsidered-Clyde-Hufbauer/dp/0881324124
U.S. sanctions on Russia won’t work, but we should impose them anyways” http://t.co/tRvwUrWznf
“U.S. sanctions on Russia won’t work, but we should impose them anyways” http://t.co/BK5tmmPI0Y via @feedly
RT @cblatts: Why sanctions on Russia won’t work as planned http://t.co/IVW8eFt5jP
RT @cblatts: To sanction or not to sanction (Russia)? What the academic literature says http://t.co/sdNWFcdJxZ
This 1992 GAO Report on effectiveness of economic sanctions seems relevant in 2014.
“Economic sanctions are most effective when they are applied multilaterally
or against otherwise friendly nations with economic and political ties to the
sanctioning country. Cultural characteristics of the target nation and international
publicity can either enhance or weaken the effect of the measures.
If the target nation has a strong shame and honor code-that is, if “saving
face” is important-or if sanctions receive substantial publicity, sanctions
may create a backlash in the target nation, particularly if harsh, comprehensive measures are used from the onset of sanctions. If international
publicity enhances the threat of further sanctions, however, then it may
cause effective psychological pressure on the target.”
http://www.gao.gov/products/NSIAD-92-106
Abdi
RT @cblatts: To sanction or not to sanction (Russia)? What the academic literature says http://t.co/sdNWFcdJxZ
RT @cblatts: To sanction or not to sanction (Russia)? What the academic literature says http://t.co/sdNWFcdJxZ
RT @cblatts: To sanction or not to sanction (Russia)? What the academic literature says http://t.co/sdNWFcdJxZ
““U.S. sanctions on Russia won’t work, but we should impose them anyways”” http://t.co/BSzQ81GVxc
RT @cblatts: “U.S. sanctions on Russia won’t work, but we should impose them anyways” http://t.co/G9p0ftZn9w
RT @cblatts: “U.S. sanctions on Russia won’t work, but we should impose them anyways” http://t.co/G9p0ftZn9w
RT @cblatts: “U.S. sanctions on Russia won’t work, but we should impose them anyways” http://t.co/G9p0ftZn9w
RT @cblatts: Why sanctions on Russia won’t work as planned http://t.co/IVW8eFt5jP
Why sanctions on Russia won’t work as planned http://t.co/IVW8eFt5jP
RT @cblatts: “U.S. sanctions on Russia won’t work, but we should impose them anyways” http://t.co/G9p0ftZn9w
RT @cblatts: “U.S. sanctions on Russia won’t work, but we should impose them anyways” http://t.co/G9p0ftZn9w
RT @blakehounshell: Sounds right RT @cblatts: “U.S. sanctions on Russia won’t work, but we should impose them anyways” http://t.co/RwHH6vpV…
RT @blakehounshell: Sounds right RT @cblatts: “U.S. sanctions on Russia won’t work, but we should impose them anyways” http://t.co/RwHH6vpV…