Economic sanctions are domestic penalties applied by one country (or group of countries) on another country. Economic sanctions may include various forms of trade barriers and restrictions on financial transactions. Economic sanctions are not necessarily imposed because of economic circumstances. They may also be imposed for a variety of political and social issues. Economic sanctions can call for democratic reform or a regime/leadership change to address human rights violations.
Read more about Economic Sanctions: Trade Sanctions
Famous quotes containing the word economic:
“... business training in early life should not be regarded solely as insurance against destitution in the case of an emergency. For from business experience women can gain, too, knowledge of the world and of human beings, which should be of immeasurable value to their marriage careers. Self-discipline, co-operation, adaptability, efficiency, economic management,—if she learns these in her business life she is liable for many less heartbreaks and disappointments in her married life.”
—Hortense Odlum (1892–?)