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Lessons from Applying Sanctions and Blockades

Abstract : From the geo-economic standpoint, a power may avail itself of a spectrum of constraining measures against a hostile or dangerous nation - measures ranging from sanctions, boycotts to embargos and blockades, which last represent the ultimate form of economic pressure to which an adversary may be subjected. Because they are an extreme type of economic banishment, their imposition reveals the physiognomy of the power struggle; and, because they obstruct the free flow of goods, they also appear to be an ephemeral anomaly within the Liberal world order. Yet, their incumbency in the game is a reflection of geo-economic complexity. Whether enacted to great fanfare or not, blockades freeze some transactions while generating business opportunities elsewhere. And while an activity momentarily stilled in one zone may be reshaped to the advantage of another, blockades still allow their instigators to zero in on key sectors of the enemy's economy without endangering the country's survival. Thus, we can see blockades as an economic and military measure serving imperial ends. This essay succinctly reviews the history of famous blockades and garners the core economic lessons one may learn from them.
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Soumis le : mercredi 5 janvier 2022 - 16:26:13
Dernière modification le : samedi 6 août 2022 - 03:22:30

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Thomas Flichy de La Neuville. Lessons from Applying Sanctions and Blockades. Review of Business and Economics Studies, 2021, 9 (4), pp.23-31. ⟨10.26794/2308-944X‑2021-9-4-23-31⟩. ⟨hal-03513044⟩

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