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Sanctions have been a major component of the West's response to Russia's invasion of Ukraine, and they are quietly a key part of Israel's policy regarding Hamas. But how exactly do they squeeze the opponent? This video looks at three aspects of sanctions strategy: military production, general economic welfare, and humanitarian exceptions. We will see that targeting military production is even more effective than it seems because it induces the target to reroute its budget away from the military. General economic welfare can be effective too, but it is inefficient because it also decreases social spending. Finally, humanitarian exceptions have a nasty tendency to free up funds for military purposes, no matter how well-intentioned the policy.
0:00 The Growing Popularity of Economic Sanctions
2:37 Types of Economic Sanctions
7:13 Preview of Key Takeaways
9:00 How State Budgets Work, Simplified
15:16 The Benefits of Reducing Military Capacity
18:33 Slashing the Target's Economy
20:22 The Problems with Humanitarian Exceptions
28:00 How Humanitarian Exceptions Can Work
31:20 What Have We Learned Today?
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1 июн 2024