| Title |
Economic sanctions and their global spillover effects: a macroeconomic analysis |
| Authors |
Bork, Avrian Woodford |
| DOI |
10.3846/bm.2025.1564 |
| eISBN |
9786094764233 |
| Full Text |
|
| Is Part of |
New trends in contemporary economics, business and management: 15th international scientific conference “Business and management 2025", May 15–16, 2025, Vilnius, Lithuania.. Vilnius : VIlnius Gediminas Technical University, 2025. art. no. bm.2025.1564, p. 50-57.. ISSN 2029-4441. eISSN 2029-929X. eISBN 9786094764233 |
| Keywords [eng] |
economic sanctions ; international trade ; macroeconomic impact ; inflation ; supply chains ; spillover effects |
| Abstract [eng] |
Economic sanctions have become an essential tool of international policy, employed to influence the behav ior of states without resorting to direct military intervention. However, their impact is not limited to the sanctioned country alone – in many cases, partner states also experience significant economic disruptions. Although often pre sented as a peaceful alternative to armed conflict, sanctions carry far-reaching economic consequences for both tar geted nations and the global economy. This paper examines the multifaceted effects of economic sanctions through the lens of key case studies, including Russia. It explores how sanctions influence trade flows, currency stability, inflation, foreign investment, and long-term economic development. Particular attention is given to the ways in which sanctions destabilize financial systems and alter global supply chains. The analysis also considers unintended outcomes, such as the expansion of informal markets and emerging humanitarian concerns. By comparing the economic consequences across different cases and evaluating the international response, the paper offers a balanced perspective on the effec tiveness and costs of sanctions. The findings highlight the importance of a more strategic and measured application of sanctions – one that balances political objectives with real-world economic impacts. |
| Published |
Vilnius : VIlnius Gediminas Technical University, 2025 |
| Type |
Conference paper |
| Language |
English |
| Publication date |
2025 |
| CC license |
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