20th April 2026
EIDE Basics
ーSimple model analysis of economic sanctions
Economic sanctions is a tool of diplomacy and it is not about economic.
The success or failure depends on whether seders can inflict a political sense of isolation on the target country.
1.Legitimacy
-If a country infringes on international shared norms, the sanctions-regime is robust.
2.World polar system
-With a world divided or multipolar, international criticism does not focus on one issue.
Thus defectors are likely to appear.
3.Alliance or not
-Concession can be made much easilier among allies considering later negotiations.
4.Scaricity of the assets
-if a target country has a scarce asset which cannot be replaced easily, defectors exploit the opportunity.
5.Domocracy or autocrat?Polity
-Democracies are less prone to be the target of sanctions because of their respect for fundamental norms.
Autocracies can make use of the external threat and the ''rally around the flag'' effect is to occur with higher likelihood.
6.Military preparation
-if the contested issue has more military aspect, economic teeth must be accompanied by credible military threat.