A sanction can be defined as a penalty imposed on another country. Sanctions always have a damaging effect on any country. It can also have certain positive effects on the economy of certain countries. There are different types of sanctions that can be imposed in a given country. One way of describing a sanction is by the number of parties involved in the sanction. Economic sanctions have today emerged as a favored policy tool that is used to define the features of a political landscape. The latest economic sanction can be traced to the United State of America stopping the funding of the Islamic Republic of Iran.
Sanctions are a stern business and most of them involve huge costs for them to be successful. However, a country can enjoy its benefits if the right procedure is followed. Most countries that have applied the use of sanctions usually benefit in many different ways. Unemployment is a big challenge to most of the countries. Sanctions can bring positive impacts when it comes to employment issues. The United States of America is today enjoying full employment. Most of their citizens have jobs and this will directly have positive impacts on the country's economy.
Contrary to what most people think, sanctions actually work. In case they impose significant economic costs and when their political objectives are clearly defined, then you can sure of reaping the fruits of an economic sanction. They should, therefore, be applied against allies rather than adversaries for them to be fully effective. The use of sanction on adversaries is more frequent because of its cost-effectiveness. They also care about long term implications and most of them are always hesitant to behave in ways that could benefit the sanctioned. Those imposed on allies are more likely to work since they have lower expectations when it comes to the future of the conflict. Click here for more info: https://www.politico.com/arena/bio/mark_dubowitz.html.
Sanctions can be used mainly for domestic reasons rather than international gains. A government can decide to exercise a sanction as a way of resolving trouble or even creating a distraction from the domestic issues. Sanctions can also be implemented through the use of Quotas. The number of goods being imported or exported is therefore limited. There can also be a trade restriction that prevents a country from trading with another country. Most of the government can use this technique in case they want to empower their economy. Watch this video for more: https://www.youtube.com/watch?v=v3_ZiGfZqMU.
