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Economic statecraft | Sanctions, Trade & Diplomacy | Britannica

SUBSCRIBESUBSCRIBESUBSCRIBEHomeHistory & SocietyScience & TechBiographiesAnimals & NatureGeography & TravelArts & CultureProConMoneyGames & QuizzesVideosOn This DayOne Good FactDictionaryNew ArticlesHistory & SocietyLifestyles & Social IssuesPhilosophy & ReligionPolitics, Law & GovernmentWorld HistoryScience & TechHealth & MedicineScienceTechnologyBiographiesBrowse BiographiesAnimals & NatureBirds, Reptiles & Other VertebratesEnvironmentFossils & Geologic TimeInsects & Other InvertebratesMammalsPlantsGeography & TravelGeography & TravelArts & CultureEntertainment & Pop CultureLiteratureSports & RecreationVisual ArtsImage GalleriesPodcastsSummariesTop QuestionsLists and StoriesBritannica KidsAsk the ChatbotGames & QuizzesHistory & SocietyScience & TechBiographiesAnimals & NatureGeography & TravelArts & CultureProConMoneyVideoseconomic statecraftIntroductionForms and usesDo economic sanctions work?References & Edit HistoryRelated TopicsPolitics, Law & GovernmentInternational RelationsFacebookXhttps://www.britannica.com/topic/economic-statecraftU.S Department of State - Economic Statecraft: U.S. Foreign Policy in an Age of Economic PowerDavid A. Baldwin Senior Political Scientist, Woodrow Wilson School of Public and International Affairs, Princeton University and Wallach Professor of Political Science Emeritus, Columbia University. Author of Economic...Britannica Editors Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree....Historyforeign policyForeign aidrubricdiplomacypropagandasanctionssanctionsembargoesboycottsexpropriationtariffsinvestmentPlatoAristotleJohn LockeFrancis BaconMontesquieuDavid HumeAdam SmithImmanuel KantAlexander HamiltonFriedrich ListJohn Stuart MillWoodrow WilsonJohn Maynard Keynesdemocracyhuman rightsPericlesTheodore RooseveltFranklin RooseveltAdolf HitlerJoseph StalinWinston ChurchillUnited NationsnefariousLeague of Nationseconomic sanctionsItalyEthiopiaconsensuscontextalternativeSUBSCRIBE The first—and most important—step in evaluating the utility of any technique of statecraft, including economic sanctions, is identifying what goals were being pursued with respect to which targets. In the case of the League of Nations sanctions against Italy, for example, impressing Hitler was probably more important than stopping Italian aggression. In addition, there was a desire not to impose such hardship on Italy that it might undermine the fascist regime and bring the communists to power. Human beings in general—and nation-states in particular—rarely, if ever, pursue only one goal at a time with respect to only one other individual or group. When a country imposes economic sanctions on another country, it is usually pursuing multiple goals of varying degrees of importance with respect to a multiplicity of other actors in the international arena. Although no assessmentassessmentsinfinitedichotomousconceptionutilityU.S.-led invasion of Iraq in 2003IraqUnited StatesassuranceGame theoreticaltariffeconomic sanctionspositive sanctionsanctionnegative sanctionSee all related contentDavid A. Baldwin

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