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Sanctions and their Impact on Developing Countries
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Journal of Global Economics

ISSN: 2375-4389

Open Access

Mini Review - (2023) Volume 11, Issue 4

Sanctions and their Impact on Developing Countries

Zenfer Zoha*
*Correspondence: Zenfer Zoha, Department of Computational Mathematics and Cybernetics, Lomonosov Moscow State University, Moscow, Russia, Email:
Department of Computational Mathematics and Cybernetics, Lomonosov Moscow State University, Moscow, Russia

Received: 07-Jun-2023, Manuscript No. economics-23-118665; Editor assigned: 09-Jun-2023, Pre QC No. P-118665; Reviewed: 23-Jun-2023, QC No. Q-118665; Revised: 28-Jun-2023, Manuscript No. R-118665; Published: 05-Jul-2023 , DOI: 10.37421/2375-4389.2023.11.413
Citation: Zoha, Zenfer. “Sanctions and their Impact on Developing Countries.” J Glob Econ 11 (2023): 413.
Copyright: © 2023 Zoha Z. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

Abstract

This paper explores the intricate relationship between sanctions and developing countries, focusing on their economic, political and humanitarian impacts. Sanctions, often employed as diplomatic tools, can significantly affect the economies, politics and well-being of vulnerable populations in developing nations. Trade restrictions and financial penalties can hinder economic growth, while political consequences may lead to regime entrenchment or instability. Most concerning are the humanitarian effects, including restricted access to healthcare and food security. Developing countries employ various strategies to mitigate these impacts, emphasizing the need for a nuanced and balanced approach to sanctions to prevent unintended harm to the most vulnerable.

Keywords

Industries • Sanction • Economies

Introduction

Sanctions have become a prominent tool in the realm of international relations, often used by powerful nations to influence the policies and behaviors of other countries. While sanctions are intended to serve as diplomatic leverage and tools for promoting change, their impacts on developing countries can be profound and complex. This paper aims to unravel the multifaceted relationship between sanctions and developing nations, shedding light on their economic, political and humanitarian effects. One of the most immediate and visible consequences of sanctions on developing countries is their economic impact. Sanctions can take various forms, including trade restrictions, financial penalties and investment prohibitions, which can cripple the economic growth of a nation. Developing countries, often lacking the diversified economies of developed nations, are particularly vulnerable to such economic pressures [1].

Literature Review

Developing countries heavily rely on international trade for economic growth. Sanctions that limit exports and imports can significantly impede their economic development. Case studies on countries like Iran and North Korea demonstrate how trade sanctions can lead to reduced access to essential goods and services, exacerbating poverty and economic inequality. Financial sanctions, including freezing assets and restricting access to global financial markets, can stifle the ability of developing countries to secure international loans and investments. This can result in decreased economic stability and the inability to fund critical infrastructure projects and development initiatives. Sanctions also exert political pressure on developing nations, influencing their domestic policies and international relations. These political consequences can sometimes lead to unintended outcomes, affecting the very goals sanctions aim to achieve [2].

Discussion

Sanctions are often used to pressure authoritarian regimes into reform or to relinquish power. However, the consequences can be unpredictable, leading to regime entrenchment rather than change. Case studies on Zimbabwe and Cuba highlight the resilience of some regimes in the face of prolonged sanctions. Sanctions can exacerbate political instability in developing countries, as they may divert resources away from public services and create incentives for corruption. Examining the situation in Venezuela, we can observe how sanctions can exacerbate political and economic crises, affecting the everyday lives of citizens. Perhaps the most concerning aspect of sanctions on developing countries is their impact on the humanitarian conditions of the population. Sanctions can restrict access to essential goods, services and healthcare, leading to severe consequences for the most vulnerable [3].

Sanctions can limit a developing country's ability to import medical supplies and equipment, resulting in inadequate healthcare services. A case study of Iraq in the 1990s reveals how sanctions led to a humanitarian crisis, particularly affecting children's health. Sanctions can disrupt food supply chains and agricultural production, causing food shortages and increased food prices. The case of Sudan provides insights into how sanctions can affect food security and exacerbate hunger in developing nations. Developing countries often employ various strategies to mitigate the impact of sanctions. These strategies may involve seeking assistance from international organizations, diversifying their economies or pursuing diplomatic negotiations. Many developing countries turn to international organizations such as the United Nations or non-governmental organizations for humanitarian aid and support during periods of sanctions. These organizations can provide critical relief to affected populations. Some developing countries attempt to diversify their economies to reduce their dependence on sanctioned goods and services. By investing in alternative industries, they can cushion the economic blow of sanctions. Diplomatic negotiations and dialogue with the sanctioning countries can be a means of resolving conflicts and lifting sanctions [4-6].

Conclusion

This paper has provided a comprehensive analysis of the impact of sanctions on developing countries, examining the economic, political, and humanitarian dimensions of this complex relationship. While sanctions can serve as diplomatic tools for change, their effects on developing nations can be profound, often leading to unintended consequences. It is imperative for policymakers to consider the multifaceted nature of sanctions and their implications for the world's most vulnerable populations. Balancing diplomatic objectives with humanitarian concerns remains a crucial challenge in the realm of international relations. Developing countries continue to employ various strategies to mitigate the adverse effects of sanctions, emphasizing the importance of adaptability and resilience in the face of external pressures. Ultimately, a holistic approach is necessary to ensure that sanctions do not exacerbate the challenges faced by developing nations but instead contribute to meaningful and positive change.

Acknowledgement

None.

Conflict of Interest

There are no conflicts of interest by author.

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