Efficiency and Impact of Economic Sanctions

The purpose of this paper is to examine economic sanctions as a foreign policy instrument and \nto give judgment to their efficiency and impact. Since WWI economic sanctions have been \nused as a tool for preventing conflicts and signaling instrument of foreign policy. Their \nefficiency and impact have been the main topics for many discussions. Since the War in \nYugoslavia in 1991, economic sanctions gained on their importance and usage. Two classical \nexamples of economic sanctions will be discussed in this paper: War in Yugoslavia and \nsanctions against Iran. Economic sanctions appear to be unsuccessful in most cases and their \nusual victims are innocent inhabitants. \nKeywords: Economic sanctions, efficiency of economic sanctions, Yugoslavia, Iran.