Description
The Impact of Economic Sanctions on International Trade Relations: A Multi-Method Approach
Abstract
International organizations or countries impose penalties on individuals, groups, or countries to make changes in their trading behavior. These sanctions are useful for solving conflicts and promoting human rights. Mainly in international trading, economic sanctions disrupt the supply chain and create instability in financial markets. Moreover knowing the impacts of the sanctions is useful for firms to make strategic decisions and reduce the risks in the international market. This research seeks to investigate the economic sanctions impacts on international trade relations with the help of a multi-method mechanism.
A multi-method approach is the combination of qualitative and quantitative methods outcomes. Mainly, to perform this, firstly, quantitative analysis will be conducted with the help of statistical modeling that finds the relation between two categories. Here, this model will analyze trade relations that help to identify the sanction effects on economic stability, market access, and trading behavior. In addition to this, it will help to know the trade value and problems of trade. Statistical modeling will be useful to gain information regarding the sanction’s effects on the trade flows among the countries. Moreover these considerations will be useful to identify the impacts of sanctions on international trade directly.
Case studies related to economic sanctions are useful to understand their impacts easily. Furthermore, interviews with industry leaders and trade experts will be conducted to know the strategies and motivations to react to economic sanctions. However both analyses will combine insights to understand the impact of economic sanctions on intranational trade in depth. Finally, this research Impact of Economic Sanctions will be useful for countries to mitigate disruptions in the operational workflow.
Read more about the topic
The Impact of International Economic Sanctions on Trade: An Empirical Analysis
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