Weighing the Chances of the Sanctions Against Iran
The White House announced tough new sanctions against key elements of the Iranian regime on Thursday, but what are the chances they'll actually work?
To find out, one thing you can look for is a "black knight" lurking in the background, says Daniel Drezner, associate professor of international politics at Tufts University. He tells me that a "black knight" is a country that provides the sanctioned regime with the very things the sanctioner just tried to take away.
Considering the rhetoric coming from Moscow these days, Russia might fit that description for Iran. China might try on a knight's helmet as well.
Other things to look for that can help predict sanctions' success? Drezner, who wrote The Sanctions Paradox: Economic Statecraft and International Relations, says there's also the expectation of future conflict. If the sanctioned country believes that bowing to the sanctions won't rule out clashes in the future, then the penalties are ineffective. The leaders just shrug and say, "What's the difference?"
And, as Drezner says, Iran is expecting a lot of future conflict with the United States.
Another factor to consider comes from NPR's global finance guru, Adam Davidson. Adam tells me that most economists believe that the more totalitarian the regime, the less likely financial sanctions are to work. And the more entrepreneurial the country, the more effective sanctions can be. (So they didn't work very well against Saddam Hussein, who controlled the Iraqi economy, but they did have an effect in South Africa, where there was a strong independent business class.)
Iran? Well, it does have a small business class, but most of the key sections of the economy are controlled by the regime and its agents, like the Revolutionary Guard and the Quds Force. What's likely to happen, Adam says, is that the entrepreneurs will get squeezed, while those targeted by the sanctions will increase their share of a shrinking pie.
12:02 PM ET | 10-26-2007 | permalink


