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Economic sanctions have become an increasingly central tool of United States foreign policy. Recently, doubts have been raised-both at home and abroad-as to whether sanctions are effective in meeting their avowed foreign policy objectives, or even their domestic policy goals. These concerns, influenced primarily by recent experience with the Soviet grain embargo and pipeline sanctions, have rekindled congressional debate on the use of economic sanctions and have spawned legislative proposals to constrict recourse to such measures in the future.

To address these proposals, this book examines almost a hundred cases where sanctions have been used since World War I, Among them are the League of Nations against Italy in 1935, the Western Alliance against Germany and Japan in the Second World War, the USSR against Yugoslavia in 1948-1955, the United Nations, against Rhodesia and South Africa, the United States against Britain and France over the Suez Canal crisis in 1956, the Arab nations of the Organization of Petroleum Exporting Countries against the United States in 1973, and the recent round of cases mounted by the United States against the Soviet Union.

The book analyzes why sanctions are deployed, what sanctions can achieve, and the costs to both target and sender countries. It then applies lessons from historical experience to the current policy debate, and recommends guidelines for the future use of economic sanctions in pursuit of foreign policy objectives.

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About the Author:
Gary Clyde Hufbauer, Reginald Jones Senior Fellow, was formerly a Marcus Wallenberg Professor of International Finance Diplomacy at Georgetown University (1985-92); Deputy Director of the International Law Institute at Georgetown University (1979-81); Deputy Assistant Secretary for International Trade and Investment Policy of the US Treasury (1977-79); and Director of the International Tax Staff at the Treasury (1974-76). He has written extensively on international trade, investment, and tax issues, including Unfinished Business: Telecommunications after the Uruguay Round (1997, coeditor), Flying High: Liberalizing Civil Aviation in the Asia Pacific (1996, coeditor), Fundamental Tax Reform and Border Tax Adjustments (1996), Western Hemisphere Economic Integration (1994), Measuring the Costs of Protection in the United States (1994), NAFTA: An Assessment (rev. 1993), US Taxation of International Income (1992), North American Free Trade (1992), Economic Sanctions Reconsidered (2d edition 1990), Trade Policy for Troubled Industries (1986), and Subsidies in International Trade (1984). Kimberly Ann Elliott, Research Fellow, is editor of Corruption and the Global Economy (1997), coauthor of Reciprocity and Retaliation in U.S. Trade Policy (1994), Measuring the Costs of Protection in the United States and Japan (1994), Economic Sanctions Reconsidered (2d edition 1990), Auction Quotas and United States Trade Policy (1987), and Trade Protection in the United States: 31 Case Studies (1986). Jeffrey J. Schott, Senior Fellow, was a Senior Associate at the Carnegie Endowment for International Peace (1982-83) and an International Economist at the US Treasury (1974-82). He is the editor of Launching New Global Trade Talks: An Action Agenda (1998), Restarting Fast Track (1998), The World Trading System: Challenges Ahead (1996), author of WTO 2000: Setting the Course for World Trade (1996), The Uruguay Round: An Assessment (1994), coauthor of Western Hemisphere Economic Integration (1994), NAFTA: An Assessment (rev. 1993), North American Free Trade: Issues and Recommendations (1992), Completing the Uruguay Round (1990), Economic Sanctions Reconsidered (2d edition 1990), Free Trade Areas and US Trade Policy (1989), The Canada-United States Free Trade Agreement: The Global Impact (1988), Auction Quotas and US Trade Policy (1987), and Trading for Growth: The Next Round of Trade Negotiations (1985).
Review:
...worth reading for anyone who wants to understand the US Foreign policies when it comes to economics. --Midwest Book Review

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  • PublisherMit Pr
  • Publication date1985
  • ISBN 10 0262081393
  • ISBN 13 9780262081399
  • BindingHardcover
  • Number of pages800
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Hufbauer, Gary Clyde; Schott, Jeffrey L.
Published by The MIT Press (1985)
ISBN 10: 0262081393 ISBN 13: 9780262081399
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