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Mega Stock AC - customary trade or financial relations"...

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Stock AC Thihan Nyun 1 defines economic sanctions. Economic sanctions can be defined, depending on the particular role one would like sanctions to play in international affairs, in two different ways. Economic sanctions can either encompass every measure designed to inflict economic deprivation or include only the most comprehensive of embargoes imposed for well-defined political reasons. A broad definition based solely on the ends would take into consideration only the economic deprivation inflicted upon a target country, and not the means employed to bring about that deprivation. As a result, any measure - economic or military - that disrupts the economic activity of an adversary would qualify as an economic sanction. Conversely, a definition based on the means, which is commonly accepted today, narrows the scope of what constitutes economic sanctions by focusing only on trade-disrupting measures . Hufbauer and colleagues define economic sanctions as "the deliberate, government-inspired withdrawal, or threat of withdrawal, of
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Unformatted text preview: customary trade or financial relations." A further synthesis of the literature reveals the following definition, which will be used for this Article: economic sanctions are the actual or threatened withdrawal of normal trade or financial relations , imposed by the sender against the target, for foreign policy purposes. Under this approach, economic sanctions are limited to restrictions on trade, investment, and other cross-border economic activity that reduce[s] the target country's revenues, thereby facilitating the desired change without resorting to military action. 1 2008 [Fellow, Frederick K. Cox International Law Center, Case Western Reserve University School of Law and Program Officer] “FEELING GOOD OR DOING GOOD: INEFFICACY OF THE U.S. UNILATERAL SANCTIONS AGAINST THE MILITARY GOVERNMENT OF BURMA/MYANMAR” 7 Wash. U. Global Stud. L. Rev. 455....
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