1st Edition
The Routledge Handbook of the Political Economy of Sanctions
The Routledge Handbook of the Political Economy of Sanctions examines the core issues and debates surrounding this controversial topic, introducing readers to essential concepts and terms. It communicates the evolving character of international sanctions from diverse perspectives, with a particular emphasis on questions of efficacy, legality, and legitimacy of sanctions, as well as the mechanisms by which they are applied.
This interdisciplinary book explores the international political economy of sanctions in the constantly changing context of geopolitical rivalry. The authors investigate various theoretical and historical approaches to sanctions and apply these to specific case studies, such as the African Union, China, Cuba, India, Russia, Turkey, and the United States. The book gives a voice to sanctioned states and considers the impact of secondary sanctions. It analyses sanctions with reference to wider political debates such as national security, state sovereignty, economic warfare, and sustainability.
This handbook will be of immense interest to students, researchers, and scholars in the fields of political economy, international sanctions, political science, international relations, and foreign policy. It will also be useful for all those employed by political institutions, businesses, and nongovernmental organisations when assessing current sanctions regimes.
Introduction
Ksenia Kirkham
Section 1. Theoretical and Historical Aspects of Sanctions
1. The Evaluation of Sanctions Efficacy
Clara Portela
2. A Brief Overview of the Evolution of the Use of Unilateral Sanctions
Hazar Kaan Özkonak
3. Theoretical Aspects of Sanctions
Hajime Okusako
4. Theoretical Identification of the Mechanisms of Sanctions
Ksenia Kirkham, Yifan Jia and Yeseul Woo
5. Sanctions, Deterrence and the Recent Case of Russia
Wyn Bowen and Matthew Moran
Section 2. Political Economy of Sanctions
6. International Sanctions on Oil: Why Some Target States are More Capable of Avoiding Them
Adnan Vatansever
7. Financial Blacklisting and the Return Toward Indiscriminate Sanctions
Joy Gordon
8. The Termination of International Sanctions: Actors, Processes and Consequences
Hana Attia, Julia Grauvogel and Christian von Soest
9. Violence at a Distance: Correcting International Law’s Short-Sighted Vision of Economic Coercion
Alexandra Hofer
10. Sanctions when Sanctions Fail: Decoupling and US Policy Towards China
Zeno Leoni, Mariam Qureshi and Sandra Watson Parcels
11. Unilateral Sanctions as Sustainable Development Decelerators
Vira Ameli
Section 3. Target States: Voices from the Sanctioned States
12. Do Sanctions Really Work? The Case of Contemporary Western Sanctions against Russia
Ivan Timofeev
13. The US Sanctions and the Chinese Political Economy
Zhun Xu and Lingyi Wei
14. Iranian Discourses and Practices on the US Sanctions: Rouhani and Raeisi Administrations
Heidarali Masoudi
15. The Political Economy of Sanctions: The Case of Cuba
Raúl Rodríguez Rodríguez
16. The Unintended Consequences of African Union Sanctions of Member States: Myths and Realities
Francis Boateng Frimpong
Section 4. Third Parties: The Impact of Secondary Sanctions
17. Implications of Drifting Sanction Policies by Japan and Korea
Noboru Miyawaki
18. The U.S. Sanctions Offensive: Implications for ‘Third Parties’ and the Transatlantic Relationship
Alan Cafruny
19. The Impact of Western Sanctions on Global Supply Chains and the Green Transition: The Case of EV Battery Manufacturing in South Korea and the EU
Ksenia Kirkham and Alen Toplišek
20. How Do Third Parties React to Commodity Sanctions?
Martijn C. Vlaskamp
21. Overview of Secondary Sanctions: Turkey Under the Ghost of Western Economic Sanctions
Mehmet Onder
22. Emerging India and Sanctions: Balancing Norms and Interests
Rishika Chauhan
Section 5. Hot Debates: Legal Aspects of Sanctions
23. Humanitarian Impact of Unilateral Sanctions
Alena F. Douhan
24. US Secondary Sanctions: Lawful After All?
Joshua Andresen
25. The Principle of Non-Intervention and the Dilemma of the Legality of the Unilateral Coercive Measures
Pouria Askari
26. Assessing the Legality of the EU Sanctions Imposed on the Russian Federation from 2022
Antonino Alì
Biography
Ksenia Kirkham is a Lecturer in the Department of War Studies at King’s College London, UK. Her current research interests include economic warfare, energy security and sustainable development, the political economy of sanctions, and welfare state regimes.
