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I'll start my discussion with some of the good that comes from restricting trade, move into some of the negative affects, and summarize with improvements I feel could be made to this defunct system.
The first advantage that comes to mind about imposing trade sanctions would have to be the ability of the sanctioning government to let everyone know how pissed they are, make their own people relatively happy, and then move on. Although this may only be temporary.(Charnovitz)
Individual countries, especially major world powers, like to impose trade sanctions even when the probability of forcing a change in the target country's policy is small...
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