A sanction is a trade boycott, putting pressure on the government to agree or disagree on certain actions or rules. These may include penalties, and they may take the place of trade tariffs. An example of this is the US putting multilateral sanctions against Cuba, or Iraq. One sanction the US put again Cuba included imported Cuban-orgins goods or services, " Goods or services of Cuban orgin may not be imported into the United States either directly or through third countries, such as Canada or Mexico. The onle exceptions are publications, artwork, or other international materials."
Natalie Klassen - Kubatka- Rundle
BELOW By Chris Anderson
DEFINITION- penalties applied by one country (or group of countries) on another for a variety of reasons. Economic sanctions include, but are not limited to, tariffs, trade barriers, import duties, and import or export quotas. Sanctions can be damaging to another countries economy as it limits economic revenues.
EXAMPLE- In 2000 the USA banned all potato imports from PEI because of a potato disease found in one field. This is an example of a trade sanction.
The image below shows that it is not just wars that can damage a country, its economy and its citizens.
Natalie Klassen - Kubatka- Rundle
BELOW By Chris Anderson
DEFINITION- penalties applied by one country (or group of countries) on another for a variety of reasons. Economic sanctions include, but are not limited to, tariffs, trade barriers, import duties, and import or export quotas. Sanctions can be damaging to another countries economy as it limits economic revenues.
EXAMPLE- In 2000 the USA banned all potato imports from PEI because of a potato disease found in one field. This is an example of a trade sanction.
The image below shows that it is not just wars that can damage a country, its economy and its citizens.
SOURCES- http://en.wikipedia.org/wiki/Economic_sanctions http://www.cbc.ca/news/story/2000/12/19/pei_murphyottawa.html
http://www.cartoonstock.com/newscartoons/cartoonists/cgr/lowres/cgrn74l.jpg