THEORY OF SANCTIONS AND EXPERIENCE OF OVERCOMING THE SANCTIONS REGIME AS EXEMPLIFIED BY NORTH KOREA

Authors

Abstract

The article considers aspects of economic sanctions, including their content, goals, and reasons for use despite relatively low effectiveness. As exemplified by North Korea, the article shows how sanctions are implemented to halt the national nuclear program. It analyzes the negative impact of UN and US sanctions on North Korea’s economic indicators, which failed to affect the pace and scale of the nuclear and missile weapons development program. The article evaluates the impact of sanctions on global trade, highlighting the externalities that become internalized through shadow institutions serving countries under sanction pressure. This contributes to the erosion of international economic cooperation and hurts global public welfare.

Author Biographies

Marat Safiullin, Kazan (Volga Region) Federal University

Kazan (Volga Region) Federal University, Kazan, Russia

Center for Advanced Economic Research, Academy of Sciences of the Republic of Tatarstan, Kazan, Russia

Rafis Burganov, Volga Region State University of Physical Education, Sports, and Tourism

Volga Region State University of Physical Education, Sports, and Tourism

Leonid Elshin, TISBI University of Management

Center for Strategic Assessments and Forecasts, Kazan (Volga Region) Federal University, Kazan, Russia

Center for Advanced Economic Research, Academy of Sciences of the Republic of Tatarstan, Kazan, Russia

TISBI University of Management, Kazan, Russia

Mikhail Savelichev, Center for Advanced Economic Research, Academy of Sciences of the Republic of Tatarstan

Center for Advanced Economic Research, Academy of Sciences of the Republic of Tatarstan, Kazan, Russia

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Published

2024-08-23

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Safiullin, M., Burganov, R., Elshin, L., & Savelichev, M. (2024). THEORY OF SANCTIONS AND EXPERIENCE OF OVERCOMING THE SANCTIONS REGIME AS EXEMPLIFIED BY NORTH KOREA. Journal of Management & Technology, 24(3), 36–52. Retrieved from https://revistagt.fpl.emnuvens.com.br/get/article/view/2955

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Vol. 24 No. 3 (2024)

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ARTIGO

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