Strategic Deployment and Economic Impact of Sanctions: Comparative Analysis of US Unilateral Economic Sanctions During the Oil Crisis Era (1970-1979) and EU Autonomous Economic Sanctions During the Eurozone Crisis (2009-2019)

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F24%3A43925609" target="_blank" >RIV/62156489:43110/24:43925609 - isvavai.cz</a>

Result on the web

<a href="https://cirrj.org/article-detail/?id=859" target="_blank" >https://cirrj.org/article-detail/?id=859</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Strategic Deployment and Economic Impact of Sanctions: Comparative Analysis of US Unilateral Economic Sanctions During the Oil Crisis Era (1970-1979) and EU Autonomous Economic Sanctions During the Eurozone Crisis (2009-2019)

Original language description

The research examines the relationship between economic sanctions, geopolitical objectives, and economic crises, using a mixed-methods of comparative and descriptive approach to analyse US unilateral sanctions and EC/EU autonomous sanctions imposed before, after, and during crisis periods. The study examines the impact of US sanctions during different time periods, including before and after the oil crisis (1950-1969, 1970-1979) and during the oil crisis (1980-2000). It also analyses the effects of EC/EU autonomous sanctions before the Eurozone crisis (1980-2008) and during the Eurozone crisis (2009-2019). The findings indicate a shift towards a proactive and confident approach to sanctions during times of crisis. Imposed sanctions typically result in favourable economic outcomes for the sender, acting as proactive measures for sender countries to promote their political, economic, and security interests. The study reveals intricate patterns in target selection, highlighting the importance of economic factors, geopolitical dynamics, and regional proximity as key factors influencing the imposition of sanctions. Therefore, economic sanctions are seen as a strategic tool that serves political objectives and also strengthens the economic security of the sender states. Acknowledging certain limitations, such as not addressing recent pandemic-related challenges and relying on comparative and descriptive analyses, this research makes a valuable contribution by offering crucial insights into the design of effective sanctions and the significance of economic and geopolitical factors in understanding economic statecraft, international political economy, and crisis management strategies. These insights can be beneficial for policymakers, scholars, and practitioners.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

60500 - Other Humanities and the Arts

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Croatian International Relations Review

ISSN

1331-1182

e-ISSN

1848-5782

Volume of the periodical

30

Issue of the periodical within the volume

95

Country of publishing house

HR - CROATIA

Number of pages

35

Pages from-to

1-35

UT code for WoS article

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EID of the result in the Scopus database

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