Browsing by Subject "Opec"
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Item Restricted An Analysis of Economic Sanctions Effectiveness Imposed on Opec Countries(2023) Yiğit Tokatlı; Mantel, Peter; Villegas, Erick Behar; Faculty of Business Administration; Berlin International University of Applied SciencesAI-GENERATED ABSTRACT: Abstract: This thesis, for the purpose of measuring sanction effectiveness, explores the impact of multilateral and international economic sanctions on four members of Organization of the Petroleum Exporting Countries (OPEC). Revolving around the research question of how effective were the economic sanctions imposed on Russia, Iran, Venezuela, and Qatar during the political complexities they encountered with the international arena, this study explores the sanctions' impacting magnitudes. Primarily providing a literature review on sanctions effectiveness, the thesis puts forth the theoretical and methodological discussions as well as the scholarly findings that the literary writings has achieved before moving on to the formulation of its own appraisal framework. The thesis assesses the economic sanctions success in affecting economies based on the conditions of six economic indicators, namely, the figures reflected in their inflation rates, their Gross Domestic Product (GDP), the status of their oil sector, the values of the stock market exchange, their credit scores, and their budget standings. The study has chosen these indicators as it is subjectively gauged that these essentially characterize the fundamentals of analyzing political economies of states. Then, by investigating the statuses of these indicators with regards to the time periods of the sanctioning regimes enacted against these four countries, the study gauges the degree of damage these state economies have felt through the sanctions measures over the years. The findings show that the effectiveness of sanctions was felt in all four countries, yet the impacts on them were of varying degrees and should be considered specific to each case. Keywords: economic sanctions, sanction effectiveness, OPEC, political economy, international relations, inflation rates, GDP, oil sector, stock market, credit score