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Carrots,
Sticks, and Cooperation: Economic Tools of Statecraft
Occasional
Paper #12:OP:2
by David Cortright
and George A.
Lopez
Much has been written about sanctions and incentives
separately, but few attempts have been made to analyze the
two approaches together. In this paper the authors examine
the uses of sanctions and incentives and compare their respective
costs and benefits. They elucidate the factors that account
for success or failure and the conditions under which sanctions
and incentives are likely to be most effective. Cortright
and Lopez pay particular attention to the political context
of each and their impact on internal dynamics within target/recipient
states. They conclude with a discussion of the advantages
of incentives over sanctions in building the long-term foundations
for international cooperation.
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