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It is not that economic sanctions affect the target country only but recent studies and research have revealed that it has adverse effects on the economy of the imposer as well thus proving that economic sanctions are not as effective as seems to be. For example, Kimberly Ann Elliott of Peterson Institute in his paper “Evidence on the Costs and Benefits of Economic Sanctions” quotes, “Trade sanctions deprive the United States of the gains from trade and frequently penalize exporting firms that are among the most sophisticated and productive in the US economy. As American sanctions have expanded and proliferated over the past 20 years, they have also led to increasing tensions between the Unites States and its allies and trading partners around the world costing the United States $15 billion to $19 billion in forgone merchandise exports to 26 target countries in 1995”. This also proves how much economic sanctions are irrelevant from the perspective its imposer as well.
In conclusion, economic sanctions which are often used by powerful nations or group of nations to fulfill their vested interests is very unjust. They ignore the basic human rights of the citizens and devastate the economic infrastructure of the target country. Though the death and suffering that people have to face may not seem so significantly as in war or other disaster, but the effects of economics sanctions is somewhat similar to that of war. The difference is only that economic sanctions are like slow poison, the negative effects of which will be seen in near future. Beside, economic sanctions do not only have adverse affects in the economy of the target country but the imposer itself as well, thus making it completely irrelevant in today’s world.
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alok shrestha
I am from Bhaktapur, Nepal currently pursuing my higher education at Northwest Missouri State University majoring in "Management Information System". My interests include technology and society especially about how technology can transform rural life.
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