Do Sanctions Work? | Economics Explained

The video uses a bee analogy to explain the concept of sanctions, highlighting how countries use them as a non-military strategy to inflict economic damage on hostile nations. It discusses various types of sanctions, their purposes, and their impacts, particularly focusing on the recent sanctions against Russia. The video also explores the global consequences of these sanctions, such as disruptions in food and energy supplies, and considers the long-term effects on international trade and relations.

What role does the World Trade Organization play in relation to sanctions?

How did the sanctions imposed on Russia differ from those on other countries?

What are the implications of asset seizures in the context of sanctions?

What long-term effects might arise from countries pursuing self-sustainability due to sanctions?