Economic Sanctions and the Ethics of Collateral Damage
This paper was presented at the 7th Transatlantic Conference on “The Ethics of Business, Trade, & Global Governance” - Geopolitics and the Ethics of Finance and Trade, held at Stift Klosterneuburg, Austria, January 9-10, 2025. 📄 Download PDF Abstract Economic sanctions are often imposed on governments as a tool to change their behavior, typically in response to human rights violations, support for terrorism, or military aggression. When applied broadly, these sanctions affect the entire economy, including small and medium-sized businesses (SMEs) and the general population. SMEs account for about 90% of businesses and provide over 50% of jobs worldwide (World Bank). ...