Do Sanctions Work?
Economics Explained
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Introduction
There has obviously been a lot of talk in the news about sanctions recently, and even before the hostile russian invasion of ukraine. Sanctions are often cited as the reasons economies like north korea, venezuela, cuba, have struggled to prosper economically. But will they be as effective? And could this all just push a nation into the arms of systems that undermine the global status quo? To find out, we need to understand the answer to some very important questions. First and foremost, what are sanctions? How are they used to inflict damage on countries?
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