Economic Sanctions: Public Goals and Private Compensation*

Hufbauer, Gary Clyde, Oegg, Barbara, Chicago Journal of International Law

I. ECONOMIC SANCTIONS IN THE ERA OF GLOBALIZATION: USE AND EFFECTIVENESS

Two seemingly contradictory trends-globalization, epitomized by the free flow of goods and capital across nations, and the frequent disruption of these free flows for foreign policy reasons-emerged in the 1990s.1 Economic sanctions were so routinely imposed in the early 1990s that scholars came to call it the "Sanctions Decade" (see Figure 1). Economic sanctions were the policy tool of choice to address an increasing number of foreign policy concerns.

What are the reasons for this proliferation of economic sanctions in the early 1990s? First, while the United States remained by far the most frequent …

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Publication information: Article title: Economic Sanctions: Public Goals and Private Compensation*. Contributors: Hufbauer, Gary Clyde - Author, Oegg, Barbara - Author. Journal title: Chicago Journal of International Law. Volume: 4. Issue: 2 Publication date: Fall 2003. Page number: 305. © University of Chicago Law School Winter 2009. Provided by ProQuest LLC. All Rights Reserved.

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