Ones and Tooze How Sanctions Work (and Why They Often Don't)
Dec 3, 2021
Discover how U.S.-led sanctions have devastated Iran's economy but failed to stop its nuclear ambitions. Unpack the complexities of public sentiment in Iran, revealing a mix of patriotic resistance and hopelessness. Dive into the staggering impact of the pandemic on global tourism, accounting for over 10% of the world's GDP. Explore the evolution of tourism from the Grand Tours of yore to modern challenges, highlighting its economic significance and the need for equitable practices. Join the conversation around international diplomacy and economic resilience!
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Impact of US Sanctions on Iran
- US sanctions severely impacted Iran's economy, shrinking by 4.99% in 2020 and causing a lost decade of growth.
- Iran's GDP in early 2021 was at the same level as in early 2012, a 25% drop in GDP per capita.
Political Effects of Sanctions on Iran
- Sanctions' political impact on Iran is complex, ranging from belligerence to hopelessness and protests.
- Opinion polls reveal most Iranians blame internal corruption, not sanctions, for economic problems.
Global Impact of Iranian Sanctions
- Sanctioning Iran primarily impacts global oil markets by removing Iranian oil capacity.
- The US avoids blanket sanctions on major economies like China, opting for selective measures in areas like tech.
