The United States imposed a trade and investment embargo on Iran. U.S. citizens were barred from doing

Question:

The United States imposed a trade and investment embargo on Iran. U.S. citizens were barred from doing business with Iran. Proponents argue the embargo is justified because Iran has supported terrorism and is developing nuclear weapons. However, critics condemn the trade sanctions. First, they argue the sanctions represent a “double standard,” as the United States supports other countries that have engaged in terrorism and other bad behaviors. Second, the best way to nurture healthy dissent and civil society in Iran may be to engage the country, rather than restrict economic relationships. Third, the sanctions harm the Iranian people, who are deprived of the benefits of trade with the United States. Fourth, the sanctions are largely ineffective, since other countries supply Iran with products it needs. Finally, the sanctions harm U.S. companies, especially oil and gas firms, which cannot do business with Iran. What is your view? Using the Ethical Framework in Chapter 5, analyze the arguments for and against trade with Iran. Can the United States, acting alone, compel desired changes in Iran by imposing sanctions? Justify your answer.


Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

International Business and the New Realities

ISBN: 978-0136090984

2nd Edition

Authors: S. Tamer Cavusgil, Gary Knight, John R. Riesenberger

Question Posted: