Saturday, October 19, 2019

The Efficacy Of Economic Sanctions As Instruments Of Foreign Policy in Essay

The Efficacy Of Economic Sanctions As Instruments Of Foreign Policy in The ase of Iran - Essay Example trument for Foreign Policy Although using of economic sanctions, as an instrument for foreign policy, tends to face various criticisms within the global realm, it can also be implemented by the countries to achieve multiple goals with an intention to strengthen its political, economic and trade relations with other global countries. Conceptually, economic sanctions were generally used by countries in order to obtain better control of its economic sources from being exploited by foreign investors, thereafter making the domestic economy more dependent on the partnered nations. Arguably, it also enables the targeted country to influence stable and sustainable growth in the foreign market. With respect to the implementation of the sanction by numbers of global countries, it has been widely recognised that the sanctions are quite effective in terms of empowering nation’s power of domination and dealing with the negative influences of the particular country(s) (United States General Accounting Office, 1992). In this regard, the major advantageous implications, which can also be classified as the major motivations to countries applying economic sanctions as a tool for foreign policy measures, have been briefly demonstrated in the following discussion. The use of sanctions always tends to obtain adequate facility to the nation for accumulating a stable support in demonstrating authoritative supremacy and differentiating capability of the nation against the sanctioned country(s). Hence, it can also be used as a tool to obtain global power advantages to a substantial extent. Moreover, it also enables the country to uphold international policies through taking adequate measures against the targeted country, regulating controlled trade measures with the imposition of taxation...This research paper aims to to bring adequate insights regarding the efficacies and implications of economic sanctions as an instrument to regulate foreign relationships, taking the example o f Iran in the recent global context. The policy analysis sources in this globalisation era has long been concerned regarding the usage of economic sanctions by the countries with the aim of achieving favourable and more constructive outcomes. Various countries have experienced numbers of disagreements through the implementation of economic sanctions as a measure to control foreign relationships, during the period of 1990s Although using of economic sanctions, as an instrument for foreign policy, tends to face various criticisms within the global realm, it can also be implemented by the countries to achieve multiple goals with an intention to strengthen its political, economic and trade relations with other global countries. Conceptually, economic sanctions were generally used by countries in order to obtain better control of its economic sources from being exploited by foreign investors, thereafter making the domestic economy more dependent on the partnered nations Although the implementation of economic sanctions is effective to protect countries from different external threats, it is also essential for the countries to be supported by a large number of global participants. The example of Iran can be further stated as a major concern which had faced numerous challenges due to the political turmoil with the US.

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