What are the main pros and cons for economic sanctions

Question

200 words please list references In reference to the material below: what specific objectives would sanctions have in this case?

 

(a) What are the main pros and cons for economic sanctions against the regime and/or the armed groups that are fighting against the regime?   Name 3 pros and 3 cons.

Economic sanctions are commercial and financial penalties which apply by one or more state against a targeted state, group, community, or individual. If US apply economic sanctions in other nation that has already threaten with civil war then strategically it would impact US as well and will make changes in economic circumstances and include different forms of economic sanctions such as; trade barriers, economic policies, tariffs, and financial transactions. In addition to this, it may also impose different types of political, military, and social issues which can be useful for achieving the US's self-interest or for international purposes. US has its own economic and financial sanctions polices and terms that proceed after Presidential order who declares a national emergency in regard to an "unusual and extraordinary" foreign threat and this economic sanction has its own pros and cons are as follows, "CFR Backgrounders":

Pros

1. Imposed state requires to meet the US government's conditions on lifting the trade ban that comes under the US Act 1996.
2. Imposed state requires to respond quickly on restricted trade barriers
3. For taking trade benefits, imposed state would require to meet the foreign business standard that set by US foreign policy
4. State wouldn't allow to take its deliberate decision on economic liabilities

Cons

1. International trade policy standard would not support US's economic sanction on individual state.
2. Experts may believe it's an ineffective decision for international economic benefits
3. Imposed state may fail to make significant changes which come under US's economic sanction process
4. Open trade policy would not work in the imposed state and its consequential impact could be seen on the United States  
5. Ban of commercial and economic trade become expensive
6. High population would get effect especially small and family-run enterprises due to low trade flow and business lose.

(b) What types of sanctions would you recommend and why?

Regime change is the most significant foreign policy that goals to meet the economic sanctions but it requires high efficiency and effectiveness for achieving the stated purpose. US apply economic sanctions more frequently than other nation and president launch this sanction process by issuing an executive order against foreign threat on imposed state. So, it would be better to apply economic sanction and it also helps imposed nation by giving some degree of financial and economical control during economic instability. For instance; if import in the imposed nation restrict then consumers would have fewer choices of goods and it will increase prices of goods. Similarly, export restriction will prohibit imposed nation from doing international business with the target country therefore, it could highly impact imposed nation that will lose markets and investment opportunities with competing nations after economic sanctions but US (or the nation that apply economic sanction) can take benefit of this economic sanction applicability as well as can control the imposed nation's economic instability, Solomon, Jay (June 9, 2014).

References

CFR Backgrounders. Council Foreign Relations. Retrieved December 26, 2016 from https://www.cfr.org/sanctions/economic-sanctions/p36259

Solomon, Jay (June 9, 2014). The Pros and Cons of Economic Sanctions. The Wall Street Journal. Retrieved December 26, 2016 from https://blogs.wsj.com/washwire/2014/06/09/the-pros-and-cons-of-economic-sanctions/