Economic sanctions in armed conflicts

Abstract

Economic sanctions as an instrument to curb strategies of aggression by one country against another, or civil wars, and to discourage possible future policies of violent and illegal action in the international arena have a long history. This article analyses these sanctions from the perspective of economic theory, using economic analysis of law, game theory and public choice theory as tools. Reference is also made to a key issue: the effectiveness of these sanctioning measures, projecting these ideas both to some past cases and to the sanctions generated by the Russian invasion of Ukraine.

Keywords:

conflict, economic analysis of law, non-cooperative games, public choice

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