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This is the first of three related, empirically based studies examining the broad range of issues raised by the use of economic sanctions. This volume addresses the philosophy behind economic sanctions: why they are used and what they are meant to achieve. Ashari, Forrer, Teegen, and Yang go back through history to analyze whether or not economic sanctions have ben sucessful by measuinrg their historical impact and modeling their effectiveness, and they offer an analysis of the international and domestic business implications of sanctions in today's global economy. Of particular interest to scholars, students, researchers, and the public policy community involved with international busienss and economics and international relations.