Distortion of international trade by embargoes
- Import quotas
- Banned imports
- Trade embargo
- Distortion of international trade by quantiative restrictions
Nature
Governmental prohibitions of all or certain kinds of shipments to foreign countries, to serve national political, military or economic interests, frequently are ineffective, unjustified and destabilizing to international free trade. Intergovernmental organization embargoes against aggressor nations have had little impact.
Claim
Among useless embargoes were those imposed by the League of Nations on oil shipments to Italy, and by the United Nations on armaments to China and North Korea during the Korean War. The only consequences of a grain embargo by the USA were losses for its own economy.
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Reference
SDG
Metadata
Database
World problems
Type
(E) Emanations of other problems
Subject
Commerce » Assessment
Commerce » Customs
Commerce » Import, export
Commerce » Trade
Societal problems » Distortion
Societal problems » Restrictions
Content quality
Presentable
Language
English
Last update
Apr 29, 2022