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Will the growing use of economic sanctions affect the global economy?

03/06/2024

The use of economic sanctions as a tool of applying pressure on some countries has increased during the recent period. This has implications for the global economy, which is still recovering from the “Covid-19” pandemic, alongside the escalation of geopolitical tensions between major countries due to the Russian-Ukrainian war, in addition to the increased tensions in the Middle East region due to the Israeli aggression on the Gaza Strip.

Several literatures assure that there has been an increase in the use of economic sanctions since the end of the Cold War. This shift is considered acceptable due to the multiplicity and diversity of economic tools that countries adopt to maximize their interests, as well as increasing openness to global markets, which prompted some countries to intensify the imposition of sanctions to keep pace with these transformations.

For more details, please follow the link: https://ncmes.org/3552/

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