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Why economic sanctions do not work (1997) [pdf]

61 点作者 monort大约 3 年前

19 条评论

kstenerud大约 3 年前
This is another one of those unfortunately clickbait titled papers. What the paper actually states is:<p>- Sanctions with economic goals have been demonstrated to work fairly well.<p>- Sanctions alone with political goals are only demonstrated to work in a minority of studied cases. Sanctions combined with military action tend to perform better, but then you end up with problems teasing out causal effects.<p>- Sanctions can be mitigated by whipping up nationalistic fervor, substitution via other avenues, and shifting the burden to disenfranchised groups.<p>- The current research on this is crap quality.<p>The breadth and scale of the current sanctions against Russia (far bigger and more comprehensive than any in history) will make substitution harder. As well, Russia is engaged in a very expensive war that is quickly depleting her coffers due to wastage, poor training, bad coordination, and low morale. With scores of Western countries actively supplying billions in arms to Ukraine, that does not bode well.
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darawk大约 3 年前
A big part of the point of these sanctions is effectively communicating to the Russian people the scale of the rest of the world&#x27;s disapproval of their government&#x27;s actions. The Kremlin can propagandize all they like, but it&#x27;s pretty tough to explain McDonald&#x27;s and Coca Cola, both profit seeking companies, voluntarily choosing to withdraw operations from their country. It&#x27;s a message that can cut through the propaganda and can&#x27;t be ignored.<p>The sanctions have already had a profound impact on the market valuations of Russian companies (they&#x27;re not trading, but we know that impact is going to be enormous), and the Russian ruble. These things cause real tangible pain to Russian citizens and their government. Their ability to conduct a military campaign is going to be severely limited by the lack of available inputs and capital as well, in a mechanical way. These sanctions may not get Russia to change its course, but they will significantly impede their ability to operate.
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IncRnd大约 3 年前
This is a paper from 25 years ago that interprets a study that happened 37 to 32 years ago. That study used sanctions data from 1914 to 1990, which are 108 to 32 years ago. I&#x27;m not sure this paper is valid in any way for today.
KVFinn大约 3 年前
From the intro to this paper: &quot;I do not address whether sanctions are an effective substitute for war.&quot; But isn&#x27;t substituting for war the whole purpose of sanctions?<p>Sanctions are a <i>nonmilitary</i> response to a <i>military</i> action. What is the alternative way for the world to respond to the invasion of Ukraine?<p>The first goal of sanctions is to diminish the capability of the Russian economy to sustain a military invasion.<p>The second goal is to be a chip at the negotiation table. Releasing sanctions can traded for a withdrawal, creating an incentive to end the invasion.
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karmasimida大约 3 年前
But it worked quite well so far.<p>Now it is told to any other countries that if you plan to go with aggression to threaten the core interests of the west, better be prepared to the consequences of a complete cut from Western economy as whole.<p>That is a pretty good example that Russia is setting.<p>And it will have long lasting effect.
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jdrc大约 3 年前
Any iranians or north Koreans here to confirm?
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avereveard大约 3 年前
Tbh I don&#x27;t care so much whether they&#x27;re working or not, it&#x27;s about public and private money from my country not financing war crimes that I do care about.<p>A good chunk of euros Germany spent on Russian gas entered into the war machine killing people in Ukraine<p>Economic isolation at least makes sure we&#x27;re not paying for their bombs, and even for that goal alone they make sense.<p>It&#x27;s not about punishing, duh.
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bennyp101大约 3 年前
Is the point not to make it very clear to the general public that what is happening is bad?<p>Like, in the current scenario, it might not be very well known what the truth is, so by enforcing sanctions it gets brought into the public eye - and even if you still believe what the government says, it must at least make you stop and wonder &#x2F;why&#x2F; the rest of the world has suddenly stopped doing business with your country.<p>At the very least it causes dissent in the populace, which is a very powerful tool
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bitcharmer大约 3 年前
The scale of today&#x27;s sanctions against Russia is unprecedented. I don&#x27;t think this study applies here in the slightest.<p>We (the West) can&#x27;t just invade Russia and enforce peace that way. Political, economical and cultural isolation is the next best thing we have.<p>I fully support sanctions against them.
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laichzeit0大约 3 年前
The sanctions against Russia are not just economic. They’re also being sanctioned from all sporting events, football, gymnastics, ice skating, Formula 1. How do you “substitute” that?
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tootahe45大约 3 年前
Unrelated to post, but does anyone know of a text-to-speech app that would allow me to listen to this or any other long text article in audio format?
lifeplusplus大约 3 年前
Won&#x27;t sanctions allow local competitors, new Instagram, to take over?
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EugeneOZ大约 3 年前
We can see some effect of the sanctions right now, and it&#x27;s significant. But they didn&#x27;t stop the war yet, unfortunately. Corruption in the russian army is a bigger stopper than sanctions right now. Maybe sanctions will help to overthrow Putin in 3-7 years, but how expensive this waiting might be for Ukraine? Even if it will take just 1 year - this war created an enormous amount of suffering in 2 weeks, it&#x27;s difficult even to think about the possible damage from 1 year of the war.<p>What helps much, much more than sanctions: unmanned aircraft units, Bayraktars. Turkey (a NATO country) helped Ukraine, and I wonder why other countries can not send (without the soldiers) some unmanned aircraft units or F35? They create a really HUGE effect.<p>If you are reading this and you are a citizen of some western country, please consider asking your representatives, if they can start a discussion about sending such help to Ukraine.
IMSAI8080大约 3 年前
The author states they do not compare sanctions against military action. The author is assessing if sanctions achieved the goal of the sanctions. I think a way to think about sanctions is applying a tax to a country. It&#x27;s not that the country won&#x27;t find some way to evade the sanctions to achieve their goals but the cost of doing so is higher than it would have been otherwise. You might say sanctions fail against North Korea because they still import things. But when you look at all the crazy schemes they come up with to evade the sanctions, those have a cost to implement. For example they do mid ocean oil transfers from one ship to another. First you have to find a company willing to do that, then occasionally they get caught and the oil is returned to the origin country. Doing that must cost extra compared with just buying oil by regular methods.
skoczko大约 3 年前
The discussion about effectiveness of sanctions is made pointless by the fact that they are, next to sending arms, the only way the West can respond to Russian aggression. A military response is out of the question for obvious reasons.<p>And sanction will work -- the reason the Soviet Union and the Eastern bloc collapsed is economic. People seem to forget that e.g what made workers go on a country-wide strike in the 80s Poland and eventually led to the downfall of communism in that country was not the notorious lack of freedom and media censorship but empty wallets.<p>The situation here may be similar and the process can be long, possibly decades. I think what makes the situation worse for Russians is the fact that economic ties with the West are so much stronger compared to the 1950s. The Russian middle-class from big cities will be hit the hardest -- losing their good paying IT and finance jobs and facing a huge downgrade in the quality of life or facing emigration. It&#x27;s true that the sanctions will have less effect on blue-collars or people from smaller town and villages, likely the main source of support for Putin and also the main audience for the state propaganda. But, I&#x27;d argue that the middle-class city dwellers are more influential and less prone to the propaganda.<p>Oligarchs are another group key to influencing Russian politics and that&#x27;s harder to reason about. On one hand losing one&#x27;s yachts and houses on Cote d&#x27;Azur is a blow to the status. On the other hand their wealth comes from exploiting commodities and sanctions are unlikely to target that. On the contrary: in the short term the current situation is likely to be beneficial.<p>If there&#x27;s a silver lining for the EU, it might be accelerating the process of Green transformation. Even if the war ends tomorrow, I can&#x27;t see there being any support for retaining existing level of dependence on Russian oil and gas. That ship has sailed. Countries that will remain dependent on Russian fossil fuels, e.g Hungary, have visibly strong autocratic tendencies and will be increasingly ostracised in the EU, possibly eventually leaving it.
shmerl大约 3 年前
Oh, they work, alright. Depends on how severe things are.
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NoPie大约 3 年前
They don&#x27;t work but in this case it may have some effect. Cubans moan about US embargo and how unfair it is to them and how it only makes their lives harder while the elite doesn&#x27;t care. And yet most Cubans clearly know that it is their socialistic government that is against them and not the west.<p>In Russia the situation is that most people actually support Putin and his insane policies including the war. There is a minority which actually understands what is going on but it is not enough.<p>The sanctions and economic hardships may help for others to come to their senses that when the whole world condemns this war with the exception of North Korea and Syria, then their must be something wrong with their leader and not the world.
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xiaodai大约 3 年前
Writes Putin
ComradePhil大约 3 年前
I don&#x27;t know how useful or interesting it is to know what has happened a handful of times it has been done before. Each instance is complex and unique and the same history is available to everyone involved... so it is very likely that things will be different in significant ways every time.<p>What is happening now is rather easy to see. The US is claiming that these are designed to hinder Russian oligarchs in the long term. They&#x27;re not designed to take effect in months or years.<p>The problem with that is the Russian people will be impacted immediately and as unemployment and poverty grows, the Russian people will be more dependent on the government for everything much more so than they already are. This just gives them a very large population (145 million) on their side with not much to lose... which will put Europe in immense danger... which means good business for the American weapons industry, the puppetmasters of Biden.