@article{article_543956, title={ECONOMIC SANCTIONS AND GLOBALIZATION: ASSESSING THE IMPACT OF THE GLOBALIZATION LEVEL OF TARGET STATE ON SANCTIONS EFFICACY}, journal={Journal of Economics Finance and Accounting}, volume={6}, pages={41–54}, year={2019}, DOI={10.17261/Pressacademia.2019.1027}, author={Duzcu, Murad}, keywords={Economic sanctions,globalization,sanctions efficacy,compliance,human rights,financial sanctions}, abstract={<p>Purpose - When do states resist the threat of sanctions or comply with the demands of the political unit imposing sanctions? This article </p> <p>argues that if the target has a high globalization index, it conforms to the demands of the sender. Therefore, the article examines the </p> <p>impact of target’s globalization level on the initiation and success of economic sanctions as a frequently used foreign policy tool. </p> <p>Methodology - In combination of two datasets, (for sanctions cases, Hufbauer et al, 2007; and for globalization index Raab et al, 2007), this </p> <p>article, uses 72 sanctions cases from Hufbauer et al. (2007) dataset to examine some indicators of sanctions efficacy. A probit model is used </p> <p>to analyze the hypotheses. </p> <p>Findings - The findings of the empirical models presented in the article, reveal a positive relationship between the efficacy of economic </p> <p>sanctions and the high level of globalization in target state. Thus, as targets become globalized, the efficacy of sanctions increases. </p> <p>Empirical evidence has been found in the models as the relationship between sanctions success and globalization has been indicated, since </p> <p>cultural globalization index is used as an indicator of regime type and, most importantly, due to the presumed relationship between </p> <p>winning coalitions and cultural globalization. </p> <p>Conclusion - It has been found that cultural globalization leads to political change that causes transitional political systems to emerge for </p> <p>such states. Referring to the selectorate theory, it is claimed that the winning coalition is possibly wider and the scope of this coalition can </p> <p>be determined without identifying a regime type for the target. In addition, cultural globalization leads to social change that may affect </p> <p>public opinion. As such the audience costs are higher in culturally globalized targets because it requires a publicly accepted foreign policy </p> <p>behavior. </p>}, number={1}, publisher={Suat TEKER}