Askari, Hossein; Forrer, John; Teegen, Hildy; Yang, Jiawen - In: Banca Nazionale del Lavoro Quarterly Review 55 (2002) 220, pp. 55-69
Economic sanctions are seen as a foreign policy instrument less severe than military engagement but more potent than diplomacy. The assessment of the economic impact of sanctions invariably focuses on direct bilateral trade, with little regard to indirect costs. In the case of sanctions on Iran,...