Using a new, global data base covering the years 1950 to 2015, we study the impact of sanctions on international trade and welfare. We make use of the rich dimensionality of our data and of the latest developments in the structural gravity literature. Starting with a broad evaluation by sanction...

Against the backdrop of the Estonian Presidency of the Council of the European Union in the second half of 2017 the authors propose to focus the political agenda on the threats to free trade which emerged by the protectionist views of the Trump government, the imminent weakening of the EU Common...

China opposes North Korean proliferation while practically "funding" a large part of it through increasing trade. By analyzing the People's Daily, China's official newspaper, I show the alliance between the two countries has significantly weakened since the Korean War. I provide an explanation...

During the twentieth century, economic sanctions became more prevalent. In the twenty-first century they have become a frequently used tool for governments seeking to change the behaviour of other countries. An extensive research literature exists on the effectiveness of sanctions. Overall the...

It has long been debated about whether the economic sanctions imposed by the United Nations Security Council against North Korea have created effective constraints on the country’s aggressive economic and military development. In response to this controversy, this paper establishes a...

This article examines the view that sanctions should be imposed on Russia because of its involvement with Crimea. Applying sanctions fails the utilitarian ethics test because sanctions result in more losers than winners. The result would be a negative-sum game. Sanctions fail the rights test...

Dieser Artikel erläutert aus wirtschaftsethischer Sicht, wie das Zusammenspiel von Emotionalisierung und Moralisierung zu einem Diskursversagen führen kann, das dann ein Politikversagen nach sich zieht. Im Hinblick auf den Ukraine-Krieg und insbesondere im Hinblick auf die gegen Russland...

Dieser Artikel versucht transparent zu machen, wie man gestützt auf das ordonomische Forschungsprogramm zur Versachlichung der westlichen Diskussion um den Ukraine-Krieg beitragen kann. Das Hauptargument lautet, dass das Beziehungsmanagement der antagonistischen Kooperation zwischen Ost und...

Capitalizing on the latest developments in the gravity literature, we utilize two new datasets on sanctions and trade to study the impact of economic sanctions on international trade in the mining sector, which includes oil and natural gas. We demonstrate that the gravity equation is well suited...