Author Question: What is the significant feature of a preferential arrangement? What will be an ideal ... (Read 60 times)

asmith134 · **on:** Jun 30, 2018

What is the significant feature of a preferential arrangement?

What will be an ideal response?

Question 2

Are economic sanctions usually effective in achieving policy goals? Explain.

What will be an ideal response?

ebenov · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

It is created with unilateral action, as in the U.S. lowers barriers specifically to a nation without asking for reciprocity.

Answer to Question 2

Table 7.5 in the text presents evidence that economic sanctions are successful in achieving policy goals in, at best, only perhaps half of the time. While economic sanctions can seriously harm the economy of a country on which they are imposed, that alone may not be sufficient to achieve the policy goal, especially if that goal is difficult, such as regime change or major policy changes.