Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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An Analysis of the Economic Impact of International Society and Unilateral Sanctions

국제사회와 독자제재에 따른 경제적 영향 분석

  • Hee-Jun Kim (Department of International Trade, Sungkyunkwan University) ;
  • Myong-Sop Pak (Global Business Administration, Sungkyunkwan University)
  • 김희준 (성균관대학교 무역학과 ) ;
  • 박명섭 (성균관대학교 글로벌경영학과)
  • Received : 2020.07.28
  • Accepted : 2020.08.25
  • Published : 2020.08.31
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Abstract

Sanctions by the international community can increase their effectiveness with the participation of major countries with global economic influence, and can lead to efficient sanctions against the target countries when different sanctions procedures and methods can be operated in an integrated manner. To this end, it is being carried out with the aim of maximizing the performance of sanctions through collective economic solidarity by inducing international participation centered on the joint agenda, such as drawing up a resolution for sanctions. In this study, the definition and purpose of sanctions imposed by the international community and by major specific countries were explained and an empirical analysis was conducted on the economic impact of each sanctions, focusing on the United Nations Security Council and the United States, which directly implement them. Based on the selected research model, the effects of economic sanctions on the international community and countries subject to sanctions by certain countries were mutually compared and analyzed in the data. Finally, the conclusion obtained from this study was stated and the implications were derived and the possibility of further research expansion was described.

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