Year: 2024
Type: article
Abstract: Economic sanctions, as tools of foreign policy, have a significant impact on the industrial development of affected nations, influencing financial transactions, trade, and technology access. The goal of the article is to show how economic sanctions, on the one hand, create challenges, such as production disruptions and reduced investments, on the other hand, opportunities, such as encouraging innovation, self-reliance, and economic resilience. Through case studies, it seeks to uncover the specific ways in which sanctions impact different industrial sectors, and how countries can transform these challenges into opportunities for growth. By combining economic, legal, and policy perspectives, supported by both qualitative and quantitative analysis, the implemented study offers insights for policymakers and industries on how to reduce the negative effects of sanctions while identifying pathways for sustainable growth and industrial development. The findings emphasize the importance of adaptive policies and strategic legal approaches in achieving industrial resilience under challenging conditions.
Source: Scientific bulletin
Author: SIRANUSH GRIGORYAN
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4405758745