• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

An analysis of Why Economic Sanctions are bad. Quotes and argument.

Extracts from this document...

Introduction

Adam Hussain 1-3-10 Affirmative AKA: Against Economic Sanctions "Act that your principle of action might safely be made a law for the whole world." -Immanuel Kent or Do what is right, though the world may perish. -Immanuel Kent or (Gordon, Joy. (Professor of Philosophy, Fairfield University). "Ethics and International Affairs." A Peaceful, Silent, Deadly Remedy: The Ethics of Economic Sanctions." Pgs. 48-52.) "Economic sanctions are emerging as one of the major tools of international governance in the post-Cold War era. Sanctions have long been seen as a form of political intervention that does not cause serious human damage, and therefore do not raise pressing ethical questions. However, the nature of sanctions is that they effectively target the most vulnerable and least political sectors of society, and for this reason they must be subject to ethical scrutiny." Therefore, I affirm the resolution that: Resolved: Economic sanctions ought not to be used to achieve foreign policy objectives Definitions: Economic Sanctions- Economic penalties, such as stoppage of trade and financial transactions, imposed upon a country to force compliance with another country's or UN's or WTO's demands. (businessdictionary.com) Ought- used to express obligation. ...read more.

Middle

This reduces one's own residents' ability to choose for them with whom they wish to trade. The result is extensive direct costs to trade as residents are forced to cancel contracts or are forbidden to enter into new ones. So basically, the use of economic sanctions harms the economic interests of the nation imposing them without a significant benefit to the nation imposing them. Furthermore, the imposition of sanctions strains ties between the sanction-imposing nations and its allies that do not support the sanction. A. Sanctions have cost American exporters $15 billion to $19 billion in lost annual sales overseas and caused long-term damage to U.S. companies--lost market share and reputations abroad as unreliable suppliers. B. In...Washington, sanctions have a direct cost for local businesses and their employees. In Washington, wheat and peas grown for export to Iran and Cuba cannot be sold, nor can Boeing sell its planes to other countries because the direct or indirect results of sanctions. This affects many people negatively due to the imposition of sanctions. C. the US sanctions on Cuba have been condemned yearly since 1992 by the United Nations general assembly as a violation of international law. ...read more.

Conclusion

country's bid to host highly visible international events, such as the Olympics; * Withholding foreign aid; and * Instructing a sender country's directors to vote against new loans to a target country at the World Bank or other international financial institutions. Congress considered: * Private persuasion. * Public appeals. * Consultation with allies on multilateral sanctions. * Non-economic sanctions. Non-Economic Sanctions A sender country also may apply non-economic sanctions against a target country to persuade its government to change policy. In contrast to economic sanctions, which are intended to penalize a target country financially, non-economic sanctions are aimed at denying legitimacy or prestige. Although the following list is not exhaustive, non-economic sanctions include: * Canceling ministerial and summit meetings with a target country; * Denying a target country's government officials visas to enter the sender country; * Withdrawing a sender country's ambassador or otherwise downgrading diplomatic and military contacts with a target country; * Blocking a target country from joining international organizations; * Opposing a target country's bid to host highly visible international events, such as the Olympics; * Withholding foreign aid; and * Instructing a sender country's directors to vote against new loans to a target country at the World Bank or other international financial institutions. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Economics essays

  1. Smoking in the UK - economic analysis of its costs.

    1.4 Aims This article will tell you the positive and negative externalities of cigarette smoking. Moreover, it offers how effective the government had been done for reducing consumption of cigarette and also the other opinions of government instruments which can control the consumption of tobacco are included.

  2. Why do political questions so often boil down to economic issues? Is ...

    Children are toys in the hands of large corporations. Producing a pair of sports shoes costs around 5 dollars, when they are sold at prices ranging from 100 to 180 dollars.

  1. Strategic and Operational Performance Assessment at Petrom

    OMV Petrom Group serves all segments from small households to large-scale consumers. * Started construction of a 860 MW gas fired power plant - as part of Petrom's strategy to expand the gas value chain and leverage the electricity industry liberalization by entering the power generation market.

  2. Economics Extended Essay - To what extent has the market for paintings in South ...

    It was observed that the fall in demand for contemporary artists was because the number of paintings bought by speculators decreased from 877 to 176. This is a fall of 80%, which is very significant. We saw that the investors left because they felt that due to the slowdown, people would decrease their demand for art.

  1. Trade sanctions.In order for the UN to urge Iran to accept to halt its ...

    As a result, Iran had to either submit to the will of the international community or to carry on with what it believed was its undeniable right, i.e. access to peaceful nuclear energy; and Iran chose the second avenue.

  2. An analysis of why economic sanctions are good

    to economic sanctions that make sanctions more likely to achieve their policy objectives. Many countries now tailor their sanctions to specific goods. For example, many countries place specific sanctions on narcotics related items or on materials that could be used to make weapons.

  1. Old IB Questions

    Firms can attract customers by use of these methods increase their monopoly power and their ability to control the price of their product. They can charge a higher without risking loss of buyers to rival firms. In general, the more differentiated the product is from its substitutes and the more

  2. To what extent does the present economic crisis spell the end of capitalism as ...

    capitalism in Europe in the 14th century after the Black Death era subsided. The period saw the economic stability of the whole continent destabilized with millions of farm laborers and owners dying. With vast and extensive lands with very few farm laborers, there was a threat of famine and the social organization of the people.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work