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Economic Sanctions Reconsidered [with CD]

This landmark study delves into the modern history of sanctions and harvests lesson on how to effectively use sanctions. This substantially revised analysis takes account of the challenges facing policymakers in the post-Cold War era. A CD-ROM features a database of case studies.

248 pages, Hardcover

First published December 31, 1985

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June 15, 2022
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Gary Hufbauer: All the economic sanctions in the last four decades or five decades have had less than a two percent impact on the GDP of the target country. Two percent is not a very big figure.

Now there are exceptions: the sanctions against Iraq prior to the Gulf Wars had a much bigger impact, probably 15 percent.

The sanctions against Iran probably have an impact prior to the JCPOA/nuclear deal [at] about five percent. So that’s the range of impact.

If the target country is a large country which has a very strong leader, and has no internal political dissent or conflict, then, in those circumstances, the sanctions are unlikely to produce regime change.
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