More Papers From These Authors in World Economics:
Are Economic Sanctions Useful in Discouraging the Proliferation of Weapons of Mass Destruction?
against countries that have been implicated in the development of weapons
of mass destruction and the use of terrorism. These sanctions have included
limitations on customary trade and/or financial relations with a target country.
Are sanctions effective in discouraging the proliferation of weapons of mass
destruction? This paper investigates the nature and effects of sanctions applied
to North Korea, Iran and Iraq. The paper concludes that although sanctions may
help slow down the development of weapons of mass destruction, it is unlikely
that they will be able to prevent determined and well financed countries from
becoming members of the nuclear club. In the absence of military conflict,
policymakers should reinforce the effectiveness of sanctions by being ready to
negotiate and offer positive incentives as a method of encouraging cooperation
with target nations.
Read Full Paper >