Abstract
If a consensus exists in the literature on international economic sanctions, it is that attempts to use economic instruments to achieve political objectives are likely to fail.1This widely shared conclusion has been based on the analysis of a number of highly visible but unsuccessful attempts, including the League of Nations' sanctions against Italy in 1935–1936, the Arab boycott of Israel, U.S. sanctions against the Castro regime, United Nations sanctions against Rhodesia, and most recently, U.S. sanctions against the Soviet Union following the invasion of Afghanistan and the imposition of martial law in Poland.
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