Global Dimensions of U.S.-Japan Relations Briefings - Impact of U.S. Unilateral Economic Sanctions Policy on Global Policy
Ambassador Ernest Preeg, William M. Scholl Chair in International Business at CSIS, started the meeting by raising three questions about unilateral economic sanctions. First, purpose of sanctions, to cause economic pain to change authoritarian governments' behavior, hurts the people rather than governments. Second, unilateral sanctions are much more ineffective compared to multilateral ones as other countries are free to trade with sanctioned countries. Finally, the real impacts of sanctions are not merely to cause economic pains, but to prohibit transfer of new corporate, social and global cultures, there by limiting changes in sanctioned countries.