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:
“Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)