Wednesday, November 16, 2016

Are there safer economic alternatives than war?



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There are more safer financial alternatives than the high expense costs of war and the purchasing of weapons, other ways of combating a country can be achieved. Diplomatic agreements that affect a country’s economy can be imposed, they are called sanctions or embargoes. Embargoes are when a country cuts of all forms of trade, sometimes other countries join in on the embargo which then limits a country from attaining key resources and income due to the loss of trading partners within the international community. When pushing for political change within a country by outside countries, they will sometime impose sanctions or embargoes. These cheaper and more diplomatic forms of warfare have been successful in many cases

Libya endured sanctions that nearly destroyed their oil incomes Countries that are under embargoes , also instead of a war with Cuba during the cold war the U.S imposed a trade embargo on them which resulted in many companies avoiding trade with Cuba because if they were to participate in trade with them, the U.S would refuse to trade with them as well. When our political goals are achieved we can then lift these economic trade sanctions, we can lift the sanctions which can sometimes incentivize countries to change because their trade with others is their only source of income. 

In 1973 Saudi Arabia imposed a ban on oil trade with the U.S which ended up being very detrimental to the citizens and the economy of the U.S History of Embargoes. Instead of fighting wars and buying weapons, the more intelligent economic decision for our foreign policy should be to impose more sanctions and embargoes.

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