Date of Submission
Spring 2024
Academic Program
Division of Social Studies; Economics
Project Advisor 1
Youssef Ait Benasser
Project Advisor 2
Sanjaya DeSilva
Abstract/Artist's Statement
This paper explores the evolving landscape of the global trade market and trade dynamics by evaluating the effects of economic sanctions. The paper analyzes the subject via data collection projects and research material, such as research papers, news articles, and journal articles. The results convey that economic sanctions have adverse effects that reverberate beyond the intended target, thus causing initiatives that reshape the global economic landscape. In addition, the analysis demonstrates that challenges arise for countries that popularly use trade controls, such as the United States, whose total share of the global market has decreased, alongside the rise in foreign superpowers and regional economic blocs. The future of the international market remains uncertain; however, the growth of new economic powers, like China, South Korea, Brazil, and India, potentially accelerates economic realignment and reduction in the global economic dominance of the United States.
Open Access Agreement
Open Access
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Recommended Citation
Guaman, Eric Julian, "Trading Pressures: Deeper Insight into Export Controls and Sanctions’ Impact on the United States and Global Trade Markets" (2024). Senior Projects Spring 2024. 114.
https://digitalcommons.bard.edu/senproj_s2024/114
This work is protected by a Creative Commons license. Any use not permitted under that license is prohibited.
Included in
Economic History Commons, Economic Policy Commons, Economic Theory Commons, Growth and Development Commons, International Economics Commons, Macroeconomics Commons, Peace and Conflict Studies Commons