Submitted by christian on Sat, 08/30/2014 - 13:10
When considering sanctions, we need to distinguish between their effectiveness and impact. Figures about economic negatives such as reduced trade, foreign investment, credit flows, technology transfer, GDP growth, incomes, and so on these measure impact. They do not, however, tell us how likely the sanctions are to cause Russia to change its behavior that is, how effective they will be.
