Economic sanctions: obstruction or instrument for world trade?
Abbis J. Ali
(Eberly College of Business, Indiana University of Pennsylvania, Indiana, PA 15705)
Robert C. Camp
(Eberly College of Business, Indiana University of Pennsylvania, Indiana, PA 15705)
1047
Abstract
Relates Adam Smith’s invisible hand to present day globalization and considers the impact of US trade and economic sanctions on the world economy. Discusses the political roots of these sanctions, their objectives (both overt and covert), costs and incompatibility with free trade. Puts forward eight ideas to minimize the damage they do to individuals and to free trade; and calls on governments to aim at “constructive dialogue and cooperative relations with other nations” instead.
Keywords
Citation
Ali, A.J. and Camp, R.C. (1999), "Economic sanctions: obstruction or instrument for world trade?", Managerial Finance, Vol. 25 No. 3/4, pp. 66-75. https://doi.org/10.1108/03074359910766370
Publisher
:MCB UP Ltd
Copyright © 1999, MCB UP Limited