Sanctions As A Factor Affecting The International Economic Order

Abstract

This study aims to analyze the impact of sanctions on the international economic order. The primary objective is to understand the measures, scale, and consequences of economic sanctions in the context of their influence on global economic relations. To achieve the research objective, a combined methodological approach is employed. The study involves the analysis of economic literature, legislative acts, and international agreements regulating the application of sanctions. Case studies and statistical data are also utilized to assess specific instances of sanctions and their effects on the world economy. An outstanding result of the study is the identification of the comprehensive impact of sanctions on the international economic order. The research underscores that sanctions can significantly influence not only target countries but also global trade, financial markets, and international investments. The conclusion emphasizes the need for more thorough and balanced use of sanctions, considering their broader implications on the interconnectedness of the world economy.

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01 October 2024

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European Publisher

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Khasanova, М. S., Maksharipova, E. A., & Mezhieva, H. A. (2024). Sanctions As A Factor Affecting The International Economic Order. In M. R. Nakhaev, A. S. Salamova, A. Wojdilo, V. Ricardo, & V. Micale (Eds.), Proofreading - Upcoming Volume: Modern Trends in Governance and Sustainable Development of Socio-economic Systems: From Regional Development to Global Economic Growth, vol -. European Proceedings of Multidisciplinary Sciences (pp. 351-360). European Publisher. https://doi.org/10.15405/epms.2024.09.40