Sanctions have mostly proved counter productive! But the jury is still...
The concept of sanctions dates back to 431 BC when Athens imposed a ‘Megarian’ sanction on Megar, resulting in the prolonged Peloponnesian war. It didn’t work then; it doesn’t work now! As a study by the Institute for International Economics at revealed in 2003, sanctions have only succeeded 33% of the time globally. In 2010, the Institute further reported that US had achieved its foreign policy objectives only in 13% of the cases where it imposed sanctions from 1970 to 1997!
The US has been the lead runner in this sanction imposing race since long, even in the previous decade. From 1995 till 2001, the US had imposed around 85 economic sanctions on other countries. A New York Times review showed how, even in 1996, US firms were losing more than $95 billion. The US has continued from thereon. On June 9, 2010, the Obama administration slapped harder sanctions on Iran; banning delivery of major military equipment and prohibition on international transactions of finance and assets of Iranian corporations.
The concept of sanctions dates back to 431 BC when Athens imposed a ‘Megarian’ sanction on Megar, resulting in the prolonged Peloponnesian war. It didn’t work then; it doesn’t work now! As a study by the Institute for International Economics at revealed in 2003, sanctions have only succeeded 33% of the time globally. In 2010, the Institute further reported that US had achieved its foreign policy objectives only in 13% of the cases where it imposed sanctions from 1970 to 1997!
The US has been the lead runner in this sanction imposing race since long, even in the previous decade. From 1995 till 2001, the US had imposed around 85 economic sanctions on other countries. A New York Times review showed how, even in 1996, US firms were losing more than $95 billion. The US has continued from thereon. On June 9, 2010, the Obama administration slapped harder sanctions on Iran; banning delivery of major military equipment and prohibition on international transactions of finance and assets of Iranian corporations.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri's Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
