In the current era, the international relation among countries has a great importance because countries are more in need of each other as their societies and economies get involved together. As we can see these days a lot of countries do trading among them which make them better off in economic situation, and some countries have created a union together to facilities their trading and relations such as European Union. Still there are some countries which disobey international laws, and they do not respect human rights or they threat the international peace and security, so they can be expelled from international unions and communities, one of the main and strong tools to do so is, international sanction which can be imposed to those countries.
International sanctions have become an important and most usable tool in international politics, as the US and UN are playing the main actors in imposing sanctions. International sanctions are part of diplomatic attempts by countries against countries, organizations or a person, with aim to protect national security or to protect international laws and human rights. Sanction principally has a limited time which target the economy, trade, diplomacy, culture of targeted country and can be lifted when the motivating security concerns no longer apply, in some cases can be renewed or be more intense to put targeted country under more pressure. This practice can be one of the most effective weapons of the international community with offenders.
Sanctions are with aim and not a ruthless one-sided weapon, and the aim is to dissuade the offending country from acting or to bring it to the negotiating table. International sanction basically targets economy and diplomacy, however according to the international economist and researchers, economic sanctions are criticized for not being successful in achieving their goal and for having a negative effect on human rights, democracy, poverty, healthcare and basic living condition which can have more negative impacts on the people of Third World countries.
Sanctions are technically divided into four groups, which they are UN SECURITY COUNCIL, EU SANCTIONS, UNILATERAL SANCTIONS OF GOVERNMENTS AND US CONGRESS SANCTIONS, each with its own approval and repeal mechanism.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Chapter One: Effects of International Sanctions on the Currency and Financial Market of Targeted Country
- Chapter Two: How to Save an Economy or Reduce the Negative Effects During a Severe Sanction
- Chapter Three: Using Cryptocurrency for Escaping Sanctions Effects
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This work aims to explore the impacts of international sanctions, particularly focusing on their effects on the economy and population of targeted countries. The author draws on personal experience from living under sanctions and seeks to understand the effectiveness and consequences of this tool in international relations.
- Impact of international sanctions on the currency and financial markets of targeted countries.
- Strategies for mitigating the negative economic effects of sanctions.
- The potential role of cryptocurrency in circumventing sanctions.
- The effectiveness of sanctions in achieving political goals.
- The human cost of international sanctions.
Zusammenfassung der Kapitel (Chapter Summaries)
Chapter One: Effects of International Sanctions on the Currency and Financial Market of Targeted Country: This chapter delves into the multifaceted impact of international sanctions on the financial systems of targeted nations. It examines how sanctions, imposed through various channels (economic, diplomatic, military, etc.), significantly affect the currency value and overall financial stability. The chapter cites examples such as the US sanctions on several countries (North Korea, Iran, Syria, Sudan, Cuba, and Venezuela), highlighting the reasons behind these sanctions (human rights violations, nuclear programs, civil wars). It also analyzes the Russian case, showcasing the substantial negative impact on capital inflows (estimated at around $280 billion) and the indirect effects on non-sanctioned companies. The chapter further discusses the currency depreciation caused by sanctions, resulting in capital outflow and decreased trust in the national currency, ultimately impacting the monetary and financial systems. The discussion touches upon differing viewpoints on the effectiveness of sanctions, with some arguing for their advantages in redressing international wrongs, while others acknowledge their blunt and potentially unintended consequences.
Schlüsselwörter (Keywords)
International sanctions, economic sanctions, currency depreciation, financial markets, targeted countries, political compliance, human rights, cryptocurrency, economic hardship, diplomacy, international relations, Iran, Russia, United States, United Nations, European Union.
FAQ: A Comprehensive Language Preview on International Sanctions
What is the main topic of this text?
This text provides a comprehensive overview of the impact of international sanctions on the economy and population of targeted countries. It explores the effects of sanctions on currency, financial markets, and the potential role of cryptocurrency in circumventing them. The text also examines the effectiveness of sanctions in achieving political goals and considers their human cost.
What are the key themes explored in this text?
Key themes include the impact of sanctions on currency and financial markets, strategies for mitigating negative economic effects, the potential use of cryptocurrency to circumvent sanctions, the effectiveness of sanctions in achieving political goals, and the human cost of sanctions.
What chapters are included in the text?
The text includes the following chapters: An Introduction, Chapter One: Effects of International Sanctions on the Currency and Financial Market of Targeted Country, Chapter Two: How to Save an Economy or Reduce the Negative Effects During a Severe Sanction, and Chapter Three: Using Cryptocurrency for Escaping Sanctions Effects.
What is the focus of Chapter One?
Chapter One delves into the multifaceted impact of international sanctions on the financial systems of targeted nations. It examines how sanctions affect currency value and overall financial stability, using examples such as US sanctions on various countries (North Korea, Iran, Syria, Sudan, Cuba, and Venezuela) and the Russian case. It discusses currency depreciation, capital outflow, and differing viewpoints on the effectiveness of sanctions.
What are the objectives of this work?
The work aims to explore the impacts of international sanctions, focusing on their effects on the economy and population of targeted countries. The author uses personal experience to understand the effectiveness and consequences of sanctions in international relations.
What are some examples of countries mentioned in the context of sanctions?
The text specifically mentions North Korea, Iran, Syria, Sudan, Cuba, Venezuela, and Russia as examples of countries subjected to international sanctions.
What is the role of cryptocurrency discussed in the text?
The text explores the potential role of cryptocurrency in circumventing the effects of international sanctions.
What are the keywords associated with this text?
Keywords include: International sanctions, economic sanctions, currency depreciation, financial markets, targeted countries, political compliance, human rights, cryptocurrency, economic hardship, diplomacy, international relations, Iran, Russia, United States, United Nations, European Union.
- Quote paper
- Hatam Ansari (Author), 2020, International Sanctions. How Do They Affect a Country’s Economic and Financial System?, Munich, GRIN Verlag, https://www.grin.com/document/966210
