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International Economic Sanctions
The incidence of sanctioning behaviour is generally on the increase internationally. This study introduces, analyzes and seeks to clarify the issues that are fundamental to an understanding of the subject. The authors argue that only a public-choice analysis, with its emphasis on politics, can answer three important questions about sanctions: why, in the light of their weak economic impacts, are they being used more and more frequently?; why is it that they take the particular forms they do?; and why are they often successful even when their economic impact is slight?
The Origins and Demise of South African Apartheid
What motivated South Africa's former white leaders to hand over the reins of power to a black government? Economist Anton D. Lowenberg examines the economic interests that led to apartheid and the economic prospects for post-apartheid South African society.
International Economic Sanctions Against a Dictator
Wintrobe's (1990, 1998) dictatorship model is adapted to examine the impacts of economic sanctions on an autocrat. It is shown that the dictator's choice of the level of power, and the quantities of loyalty and repression used as inputs in the production of power, are affected by the type and magnitude of sanctions and by the impact of sanctions on the political effectiveness of opposition groups. Sanctions have direct and indirect effects on the prices of loyalty and repression, as well as potentially generating rents that might be captured either by the dictator or by the opposition.
Research Handbook on Economic Sanctions
Peter van Bergeijk brings together 40 leading experts from all continents to analyze state-of-the-art data covering the sharp increase in (smart) sanctions in the last decade. Original chapters provide detailed analyses on the determinants of sanction success and failure, complemented with research on the impact of sanctions.
Tariffication of a Distorted Economy
This paper examines the consequences of the tariffication of a quota when there are several potential distortions present in a country, including domestic monopoly and wage rigidities. It is generally presumed that tariffs are superior to quotas because of their transparency and revenue-raising attributes. However, in the presence of multiple distortions, liberalization of a single policy instrument may result in net welfare losses. The findings suggest that, in a general equilibrium context, such a liberalization policy will have ambiguous effects upon aggregate domestic welfare in the country undertaking the tariffication.
International Trade
This text is suitable for international trade courses at the undergraduate level. Knowledge of microeconomics is an assumed prerequisite for students using this text.
