ABSTRACT
This chapter considers the economic sanctions approach and suggestions made for institutionalizing the process of applying, monitoring, and enforcing them. It expresses possibilities for restructuring international economic relations to strengthen positive economic incentives to avoid armed conflict and discusses other violations of decent international behavior. There are three basic categories of economic sanctions: trade embargoes, financial boycotts, and the freezing of assets abroad. The strongest form of trade embargo is a total ban on exports to and imports from the target country. Economic sanctions are the main form of negative economic incentive used to influence international political behavior. An economic sanctions regime can be an effective and important tool for ending undesirable behavior. There are four basic principles involved in creating an international peacekeeping economy: Balance Relationships, Balance Independence and Interdependence, Emphasize Development and Minimize Ecological Stress.
