Received:
2019-01-20 | Accepted:
2019-04-10 | Published:
2019-06-30
Title
Economic sanctions and import substitution
Abstract
The article focuses on the economic sanctions theory development in the modern global economy. The content of the economic sanctions theory and practice transformation under the influence of internationalization and globalization of markets for goods and services is disclosed. The study analyzes the economic content of sanctions. The goals and grounds for imposing sanctions are defined. The authors classify the types and forms of economic sanctions applied in the modern global economy. The conditions for achieving an impact of economic sanctions are formulated. The attempt is made to assess the economic efficiency of sanctions and their counter-sanction measures. The losses and consequences, both for the countries imposing the sanctions and for countries under pressure, are identified. Factors affecting the distribution of losses from the imposition of economic sanctions are disclosed. The main directions of the economic sanctions content and application practice transformation in the global economy are identified.
Keywords
economic and political sanctions, embargo, import substitution, motives, goals, loss, consequences, sanctions pressure, countries subject to sanctions, countries imposing sanctions
JEL classifications
F13
, F42
, F51
URI
http://jssidoi.org/jesi/article/326
DOI
Pages
1872-1883
Funding
The reported study was funded by RFBR according to the research project № 18-010-00607
This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License
Authors
Vorotnikov, Igor Leonidovich
Sukhanova, Irina Fedorovna
Glukhova, Marina Ivanovna
Petrov, Konstantin Aleksandrovich
Journal title
Entrepreneurship and Sustainability Issues
Volume
6
Number
4
Issue date
June 2019
Issue DOI
ISSN
ISSN 2345-0282 (online)
Publisher
VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania
Cited
Article views & downloads
HTML views: 5570 | PDF downloads: 1861
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