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Full Description
Sanctions Beyond Borders tests the assumption that economic globalization and the decline of U.S. hegemony give overseas corporate behavior a free reign in defying U.S. imposed sanctions abroad. It examines the use of sanctions from the early Cold War era through the sanctions decade of the 1990s, including the Helms-Burton Law and the Iran-Libya Sanctions Act. On the one hand, the book shows that multinationals are often susceptible to U.S. influence because they fear political fallout. At the same time, the book demonstrates that even though the use of sanctions has been widely promoted by interest groups, Congress, and the general public, the effect of sanctions has fallen short on many counts. Especially when it comes to preventing economically significant transactions with proscribed nations by key multinational corporations, sanctions are shown to be weak and costly measures that damage diplomatic relations.
Contents
Part 1 Extraterritorial Sanctions from the Early Cold War Era through the Pipeline Sanctions Chapter 2 Extraterritorial Sanctions: Policy Rationales and Legal Controversies Chapter 3 Sanctions at Bay? The Rise and Partial Decline of Extraterritorial Sanctions Chapter 4 Sanctions Defiant? The Reagan Administration, Extraterritorial Sanctions and the Lessons of the Pipeline Case Part 5 Contemporary Case Studies Chapter 6 The Decline and Partial Return of Foreign Subsidiary Sanctions Chapter 7 Direct Investors: Instruments of Coercion or Hostages of the Target State? Chapter 8 Targeting Foreign Corporations: Helms-Burton and the Iran-Libya Sanctions Act Chapter 9 Think Globally, Sanction Locally: Grassroots Campaigns Against Multinationals in South Africa, Burma and Nigeria
