Effects of Economic Sanctions on International Commerce
Author : Dr. Rajkumar Nagarwal
Abstract :
Economic sanctions have long been employed as a strategic tool in international relations to achieve political and economic objectives. This paper explores the impact of economic sanctions on global trade, examining both their intended and unintended consequences. The study evaluates historical and contemporary cases to assess how sanctions disrupt trade flows, affect global supply chains, and influence the economic stability of targeted and non-targeted nations. The analysis highlights the ripple effects of sanctions on international markets, including changes in commodity prices, trade policies, and financial systems. Furthermore, the paper investigates the role of multinational corporations, financial institutions, and geopolitical alliances in mitigating or amplifying the effects of sanctions. By providing a comprehensive evaluation of economic sanctions, this research aims to contribute to the understanding of their efficacy and long-term implications for global trade dynamics and economic diplomacy.
Keywords :
Economic sanctions, global trade, international relations, supply chains, geopolitical alliances, financial institutions, economic diplomacy, trade policies, commodity prices, multinational corporations.
