DYNAMICS OF ECONOMIC SANCTIONS: ANALYZING TARGETS AND THEIR RESPONSES
DOI:
https://doi.org/10.32782/forensic.science.2025.1.12Keywords:
economic sanctions, target state, sanction effectiveness, multinominal logistic regressionAbstract
In the modern world, economic sanctions have become one of the most popular political tools for encouraging states to comply with international norms. This tool is usually criticized and often referred to as ineffective. There are various factors influencing the success of economic sanctions. It is essential to analyze the traits and response ways of target states to have a comprehensive understanding of the conditions when sanctions achieve their intended goals. The article examines traits like the democratic level and size of the economy; response mechanisms like increased military expenditure and trade diversification; and sanction characteristics like how many aspects it restricts. To test this, research utilized the multinomial logistic regression analysis using 451 cases. Results displayed various insights into the influencing factors, like a higher democracy level leading to an increased likelihood of failure, higher sanction coverage leading to an escalated probability of success, and increased military expenditure having a significant influence on the failure of the sanctions.
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