Preview

Negative Impacts of Trade Sanctions on the Growth of Countries

Powerful Essays
Open Document
Open Document
1531 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Negative Impacts of Trade Sanctions on the Growth of Countries
Introduction As the international trade grows rapidly these years, the trade sanctions are increasing at the same time. It was widely used in modern society; many countries prefer solving political or economic problems by trade sanction. NO one knows whether it really works, anyway, it catches the pubic attention as an important role. Trade sanction was carried out in different forms, they reduce the quality of imported products from some specific countries, and reduce exported items. Those countries believes that it will work someday, however, the reality is that trade sanction can not really solve problems efficiently between different countries, some times ,it often brings disasters which totally Against the original intentions.

This essay attempts to show the negative impacts brought by trade sanctions. It will firstly discuss the reason why so many countries feel like using trade sanctions. Following this, it will explain why trade sanctions worse the relationships. Finally, it will look at what damages trade sanctions bring.

1. Reasons for using trade sanctions
1.1Economic weapon
In modern society, economy is one of the most important character to measure a country’s comprehensive national strength. Nearly every country regards economy as a serious thing, and try her best to gain the maximum benefits. In recent years, the economy of many developing countries developed quickly. The goods which made in developing countries poses threat to developing countries. The low-cost labor in developing countries contributes to the low price of goods, when them sold in developing countries, the low price will attract far more customs, who used to purchase native goods. On the other hand, the developed countries government will pay for the imported goods, which can be avoided in the past. It is a large number of costs. What is more, the imported goods will diminish the sale of local goods, and many local companies suffer economy problems. All of these lie

You May Also Find These Documents Helpful

  • Powerful Essays

    SA IBL TB8e Ch09

    • 2493 Words
    • 16 Pages

    Usually, import restrictions that protect one sector of a country's economy will result in foreign retaliation against another sector.…

    • 2493 Words
    • 16 Pages
    Powerful Essays
  • Better Essays

    Eco Final Exam Paper

    • 1575 Words
    • 7 Pages

    International trade is experienced between countries in which they share in trading goods and services. By trading amongst countries, we all can experience goods and services that are not native to one another countries. In addition, trading is done to generate revenue for ones country. Trading also contributes to ones economy by increasing employment. If a country is exporting a lot of goods in a given period of time then this would create employment within the economy because the country would need an extensive workforce to support the export of these goods. I will discuss further the benefits and obstacles a country faces when they are involved in the international trade organization.…

    • 1575 Words
    • 7 Pages
    Better Essays
  • Good Essays

    When countries decide to impose trade restriction against any country, it ultimately leads to an economic downfall for both countries, because on country does not have the ability to trade with the other, making them unable to sell. This decreases trade, which, in turn, decreases revenue and economic prosperity. Many people wonder why a government would want to do this. One argument is that of the national defense theory. There are many reasons why countries impose trade restrictions, in this case, weaponry for defense is extremely important to United States in any case there is an outbreak of war; therefore it is only fair for them to protect themselves instead of sharing these items with other countries. That way a domestic supply of defense materials would be available if an international crisis ever occurred, the country would then have the things needed to defend itself on hand and would not have to worry about trying to secure what it needed from other countries. Basically, the national defense theory argues how it would not be wise for one country to be completely dependent on other ones for defensive material. It would make the country vulnerable. However, if the government implements trade restrictions that result in a domestic supply of defense weapons, then the trade restrictions make the nation independent and prepared for conflict.…

    • 485 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    report

    • 1720 Words
    • 7 Pages

    We live in an interdependent global community and the performance of our economy is increasingly shaped by policies of other nations. International trade is the voluntary exchange of goods and services by people of different nations. This lesson will explore the reasons for trade and explain absolute and comparative advantage.…

    • 1720 Words
    • 7 Pages
    Satisfactory Essays
  • Good Essays

    Government of Rodamia

    • 534 Words
    • 3 Pages

    International trade creates a more diverse trade market. The exportation of low cost products and services enables every country to evaluate where their economic strengths and capitalize on them. Imposing a tariff on imports on products that traded freely is a difficult decision. To trade without restriction increases the overall welfare of all concerned. Imposing tariffs can invite retaliation from the countries on whose products you have imposed tariffs. It can adversely affect exports and neutralize any comparative advantage that your country.…

    • 534 Words
    • 3 Pages
    Good Essays
  • Good Essays

    It’s important to have labor restrictions and eliminate unfavorable wages and poor working conditions in the developed importing countries. The low labor cost in developing countries is the result of poorly protected core labor rights. The trade is based on low wages and is sometimes seen as unmerited or illegal.…

    • 657 Words
    • 3 Pages
    Good Essays
  • Good Essays

    School Work

    • 643 Words
    • 3 Pages

    International Trade is important to many countries because it allows a country to import products or resources that may be difficult to produce locally. As a result, this enhances the country’s growth and economic wealth, and also allows the country to focus on increasing the production of resources or goods that the country can then export elsewhere. For…

    • 643 Words
    • 3 Pages
    Good Essays
  • Best Essays

    that they rarely work. Before doing so, this essay first explores how economic sanctions are…

    • 3083 Words
    • 13 Pages
    Best Essays
  • Good Essays

    What this essay will attempt to show, is the differences between our countries, how the embargo has affected theirs and our economy, and once the embargo is lifted completely, how both of our countries will have a better prospect for the future.…

    • 594 Words
    • 2 Pages
    Good Essays
  • Good Essays

    International Simulation

    • 1136 Words
    • 5 Pages

    The different scenarios that involved international trade discussed the importance of trade as an aid in development. This is done by allowing countries with significant poverty to use the technology and markets that are larger. We saw that the simulation provided examples of the use of tools for international trade, such as taxation, quotas, and profit. By using taxation of tariffs we can see that the countries are able to monitor the use and trade theories. This is useful in monitoring the “dumping” of products which creates a negative effect on the economy due to the loss.…

    • 1136 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    It is not enough to discuss the disadvantages of implementing sanctions, rather one should go one step further in discussing possible alternatives.…

    • 699 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    I am advising the president of Rodamia recommendations for international trade. International trade is the exchanging of goods and services with one another. Many countries have particular resources that are not obtainable in the other, to meet the desires and wants of both countries so they trade. Many advantages and limits are concerned with trading. Benefits occur for each country, but there are many additional limits put into place to manage the amount and quality of international trade. Specific issues have an effect on international trade such as foreign exchange rates and government policies. Groups such as World Trade Organization who over looks international trade along with their members, making sure that rules and agreements are followed.…

    • 1095 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Extra Credit for Final

    • 842 Words
    • 4 Pages

    6. The U.S. sanctions against trade with Iran are an example of a unilateral trade sanction.…

    • 842 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Beehner, Lionel. “What Sanctions Mean for Iran’s Economy”. Council on Foreign Relations. 5 May 2006. 8 Feb. 2010. Web.…

    • 1447 Words
    • 6 Pages
    Best Essays
  • Satisfactory Essays

    PART ONE: In a three (3) to four (4) page paper, discuss an issue that has particular importance for you. As you are writing, consider the following questions: What is your issue? What is the current state of the issue—in other words, is the issue currently being debated, or is it static for the time being? As far as you are concerned, what needs to be done about the issue? Has Cobb and Elder’s model of “triggers as issue shapers” been applicable to your issue, either in the past or currently? If so, how? If not, what has been the determining factor(s) in developments in your issue area over time?…

    • 259 Words
    • 2 Pages
    Satisfactory Essays