what are the five things the un focuses on
what are the 5 different types of sanctions
FARTT
Freezing of assets - bank accounts of specific people
Arms embargoes - banning military supplies
Restriction on loans for development
Trade embargoes - banning specific import items or purchase of exports from the country
Travel restrictions - for specific people
e.g. of of a uk trade embargo and a uk arms embargo
Sierra Leone and diamonds trade embargo currently
in 2020 uk had arms embargo on mainland china and hong kong
case study - Iran, economic sanctions
suspicion as a rogue state and they were attempting to build up nuclear.
this led to economic sanctions and financial restrictions meaning that they couldn’t pay though the international payment system
this led to their gdp falling by 5% leading to significant effect on its nuclear programme but also huge social impacts - lack of medicines due to access
so MAJOR IMPACT ON ECONOMY AND PEOPLE
iran signed accord 2016 = sanctions lifted allowing it to trade with the rest of world and use global banking system
case study - Bosnia 1995
What can be argued as a challenge to global organisations and action? with e.g.s
what are the IGO’s two main roles in trade and finance
what are the things created by the IMF to help control inflation and improve internal markets in the long term - PARTEED
what issues exists from the SAPs - RRROD
critics argue that countries lose their economic sovereignty and open themselves up to TNC’s thus increasing their dependency on trade
what have SAP’s actually lead to with example
de-development, increased malnutrition and infant mortality and debt, decreased school rates
e.g. Malawi more cost on debt servicing than on healthcare provisions!!!!!!!!
what are the HIPCs initiatives
introduced to reduce national debt and partially write them off - debt cancelation (this was pushed by christian aid and Oxfam who argued for a more concentrated effort to reduce debt as by 2000 major issues still existed )
countries with the highest levels of poverty = external debt reduction
conditions - each country has to show good financial management and a lack of corruption
where are the most HIPCs initiatives occurring
in subsaharan africa - 40
currently in Eriteria and Somalia
Case study - Uganda and Debt
evaluation of saps and HIPCs
SAP’s are negative and HIPCs can be viewed as positive and fairer to the people through debt cancellation
however they won’t provide lasting or long term relief from debt, aimed not at cancelling debts but ensuring they can be repaid
what are the 6 environmental schemes that IGO’s have been involved in to try and universally cooperate on the environment
ATS pros and cons
however
- it is disputed and unclaimed territory
- run by rich mans club - select group of developed countries that can use it for their own benefit