Policymakers will need all the tools at their disposal to craft an effective response to international terrorism and to protect and promote other U.S. interests in the coming decades. In this quest to shape the right strategies for the challenges ahead, economic instruments will play a central role. O'Sullivan, an expert on the use of positive and negative tools of economic statecraft, argues that in the post-September 11th international climate, the United States will be even more willing to use its economic power to advance its foreign policy goals than it has in the past. This impulse, she argues, can lead to a more effective foreign policy given the many ways in which sanctions and incentives can forcefully advance U.S. interests. But a recalibration of these tools—sanctions in particular—is necessary in order for them to live up to their potential. Critical to such a reassessment is a thorough understanding of how the post-cold war international environment—globalization and American primacy in particular—has influenced how sanctions work. O'Sullivan addresses this issue in a thorough examination of sanctions-dominated policies in place against Iran, Iraq, Libya, and Sudan. Her findings not only highlight the many ways in which sanctions have often been poorly suited to achieve their goals in the past, but also suggest how policymakers might use these tools to better effect in the future. This book will provide a valuable resource for policymakers groping to find the right set of instruments to address both the old and the new challenges facing the United States. It will also serve as an important resource to those interested in U.S. policy toward 'rogue' states and in the status of the sanctions debate between policymakers and scholars.

This book explores the causes and instruments of 500 years of armed and non-armed international trade conflicts. Nils Ole Oermann and Hans-Jürgen Wolff draw on decades of experience to examine trade wars, economic sanctions, and different types of economic warfare, investigating their history, ethics, economic driving forces, and legality under current rules. They provide a clear and accessible account of the economics of trade, of trade and financial policy since the nineteenth century, and of the effectiveness of sanctions and the 'winnability' of trade wars. The book also describes the transformation of economic warfare since 1989, namely in cyberspace and in the world financial system, and shows how China's rise challenges the Western model of democracy and free market economies. The authors conclude with a plea for improved economic statecraft and an overhaul of the current trading regime.

Powerful countries like the United States regularly employ economic sanctions as a tool for promoting their foreign policy interests. Yet this foreign policy tool has an uninspiring track record of success, with economic sanctions achieving their goals less than a third of the time they are imposed. The costs of these failed sanctions policies can be significant for the states that impose them, their targets, and the other countries they affect. Explaining economic sanctions' high failure rate therefore constitutes a vital endeavor for academics and policy-makers alike. Busted Sanctions seeks to provide this explanation, and reveals that the primary cause of this failure is third-party spoilers, or sanctions busters, who undercut sanctioning efforts by providing their targets with extensive foreign aid or sanctions-busting trade. In quantitatively and qualitatively analyzing over 60 years of U.S. economic sanctions, Bryan Early reveals that both types of third-party sanctions busters have played a major role in undermining U.S. economic sanctions. Surprisingly, his analysis also reveals that the United States' closest allies are often its sanctions' worst enemies. The book offers the first comprehensive explanation for why different types of sanctions busting occur and reveals the devastating effects it has on economic sanctions' chances of success.

This book looks at economic sanctions, using a political economy foundation. The author investigates the effectiveness of sanctions and the human suffering caused by them from a political and economic vantage, addressing political decisions, case studies, and game theory explanations, as well as discussing the future of sanctions as statecraft.

Nations and international organizations are increasingly using sanctions as a means to achieve their foreign policy aims. However, sanctions are ineffective if they are executed without a clear strategy responsive to the nature and changing behavior of the target. In The Art of Sanctions, Richard Nephew offers a much-needed practical framework for planning and applying sanctions that focuses not just on the initial sanctions strategy but also, crucially, on how to calibrate along the way and how to decide when sanctions have achieved maximum effectiveness. Nephew—a leader in the design and implementation of sanctions on Iran—develops guidelines for interpreting targets’ responses to sanctions based on two critical factors: pain and resolve. The efficacy of sanctions lies in the application of pain against a target, but targets may have significant resolve to resist, tolerate, or overcome this pain. Understanding the interplay of pain and resolve is central to using sanctions both successfully and humanely. With attention to these two key variables, and to how they change over the course of a sanctions regime, policy makers can pinpoint when diplomatic intervention is likely to succeed or when escalation is necessary. Focusing on lessons learned from sanctions on both Iran and Iraq, Nephew provides policymakers with practical guidance on how to measure and respond to pain and resolve in the service of strong and successful sanctions regimes.

Sanctions have enormous consequences. Especially when imposed by a country with the economic influence of the United States, sanctions induce clear shockwaves in both the economy and political culture of the targeted state, and in the everyday lives of citizens. But do economic sanctions induce the behavioral changes intended? Do sanctions work in the way they should? To answer these questions, the authors of How Sanctions Work highlight Iran, the most sanctioned country in the world. Comprehensive sanctions are meant to induce uprisings or pressures to change the behavior of the ruling establishment, or to weaken its hold on power. But, after four decades, the case of Iran shows the opposite to be true: sanctions strengthened the Iranian state, impoverished its population, increased state repression, and escalated Iran's military posture toward the U.S. and its allies in the region. Instead of offering an 'alternative to war,' sanctions have become a cause of war. Consequently, How Sanctions Work reveals how necessary it is to understand how sanctions really work.