Overview
Economic sanctions are tools used by countries to influence the behavior of other nations. They can take various forms, including trade restrictions and financial penalties, and are often employed in response to actions deemed unacceptable by the international community. While sanctions aim to press...
Key Terms
Example: The U.S. imposed economic sanctions on Iran to curb its nuclear program.
Example: An embargo on oil exports to a nation.
Example: Freezing assets of a country's leaders.
Example: Countries may cut diplomatic ties as part of sanctions.
Example: Sanctions can lead to shortages of food and medicine.
Example: The U.S. placed an embargo on Cuba.
Related Topics
International Trade
The exchange of goods and services between countries, affected by sanctions.
intermediateGlobal Economics
The study of economic interactions among countries, including the effects of sanctions.
intermediatePolitical Economy
The relationship between politics and economics, including the role of sanctions.
advancedKey Concepts
trade restrictionsfinancial penaltiesdiplomatic relationshumanitarian impact