All Topics  
Embargo

 

   Email Print
   Bookmark   Link






 

Embargo



 
 
In international commerce
Commerce

Commerce is a division of trade or production, costs, and pricing which deals with the Trade of goods and service from production, costs, and pricing to final consumer....
 and politics
International relations

International relations represents the study of foreign affairs and global issues among states within the international system, including the roles of states, international organization , non-governmental organizations , and multinational corporations ....
, an embargo is the prohibition of commerce (division of trade) and trade with a certain country, in order to isolate it and to put its government into a difficult internal situation, given that the effects of the embargo are often able to make its economy suffer from the initiative.

The embargo is usually used as a political punishment for some previous disagreed policies or acts, but its economic nature frequently raises doubts about the real interests that the prohibition serves.

One of the most comprehensive attempts at an embargo happened during the Napoleonic Wars
Napoleonic Wars

The Napoleonic Wars were a series of conflicts involving Napoleon I of France First French Empire and changing sets of European allies and opposing coalitions that ran from 1803 to 1815....
.






Discussion
Ask a question about 'Embargo'
Start a new discussion about 'Embargo'
Answer questions from other users
Full Discussion Forum



Encyclopedia


In international commerce
Commerce

Commerce is a division of trade or production, costs, and pricing which deals with the Trade of goods and service from production, costs, and pricing to final consumer....
 and politics
International relations

International relations represents the study of foreign affairs and global issues among states within the international system, including the roles of states, international organization , non-governmental organizations , and multinational corporations ....
, an embargo is the prohibition of commerce (division of trade) and trade with a certain country, in order to isolate it and to put its government into a difficult internal situation, given that the effects of the embargo are often able to make its economy suffer from the initiative.

The embargo is usually used as a political punishment for some previous disagreed policies or acts, but its economic nature frequently raises doubts about the real interests that the prohibition serves.

One of the most comprehensive attempts at an embargo happened during the Napoleonic Wars
Napoleonic Wars

The Napoleonic Wars were a series of conflicts involving Napoleon I of France First French Empire and changing sets of European allies and opposing coalitions that ran from 1803 to 1815....
. In an attempt to cripple the United Kingdom
United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom , the UK or Britain,is a sovereign state located off the northwestern coast of continental Europe....
 economically, the Continental System
Continental System

The Continental System was the foreign policy of Napoleon I of France in his struggle against the United Kingdom of Great Britain and Ireland during the Napoleonic Wars....
- which forbade European nations from trading with the UK- was created. In practice it was not completely enforceable and was as harmful if not more so to the nations involved than to the British.

The United States had imposed an embargo on Cuban Castro government on February 7,1962.Although the law
Federal law

Federal law is the body of law created by the federal government of a country. A federal government is formed when a group of political units, such as state or provinces join together in a federation, surrendering their individual sovereignty and many powers to the central government while retaining or reserving other limited powers....
 of the United States
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
 does not prohibit participation in an embargo it does prohibit participation in a secondary embargo. This occurs when one country pressures a business to stop doing business with a third country over issues with which the business is not directly involved. Not only is an American business required not to participate in a secondary embargo, but is also required to report all attempts to get a business to participate in a secondary embargo. The situation which led to these laws are attempts by Arab countries
Arab world

The Arab World refers to Arabic-speaking countries stretching from the Atlantic Ocean in the west to the Arabian Sea in the east, and from the Mediterranean Sea in the north to the Horn of Africa and the Indian Ocean in the southeast....
 to prevent American companies from doing business with Israel
Israel

Israel officially the State of Israel , is a country in the Middle East located on the eastern shore of the Mediterranean Sea. It borders Lebanon in the north, Syria in the northeast, Jordan in the east, and Egypt on the southwest, and contains geographically diverse features within its relatively small area....
  and Iraq
Iraq

Iraq , officially the Republic of Iraq , is a country in Western Asia spanning most of the northwestern end of the Zagros Mountains, the eastern part of the Syrian Desert and the northern part of the Arabian Desert....
.

While traditionally considered an act of war
War

...
, in modern practise this is not necessarily so and an act of embargo is much more complex. The typical reaction is the development of an autarky
Autarky

An autarky is an Economics that is Self-sufficiency and does not take part in international trade, or severely limits trade with the outside world....
.

See also

  • 1973 oil crisis
    1973 oil crisis

    The 1973 oil crisis started on October 15, 1973, when the members of Organization of Arab Petroleum Exporting Countries or the OAPEC proclaimed an oil embargo "in response to the U.S....
  • European Union arms embargo on the People's Republic of China
    European Union arms embargo on the People's Republic of China

    The European Union arms embargo on the People's Republic of China is an embargo which was imposed by the European Union List of European Union member statess on the People's Republic of China in response to its suppression of the Tiananmen Square protests of 1989....
  • Embargo Act of 1807
    Embargo Act of 1807

    BackgroundOn June 21, 1807, in an event known as the Chesapeake-Leopard Affair, the American frigate USS Chesapeake was fired upon and was boarded near Norfolk by the British warship HMS Leopard ....
  • Former Yugoslavia Embargo November 21, 1995 Dayton Peace Accord
  • United States embargoes
  • United States embargo against Cuba
    United States embargo against Cuba

    The United States Embargo against Cuba is a commercial, economic, and financial embargo imposed on the Fidel Castro on February 7, 1962. The embargo was enacted after the Castro government Expropriation the properties of United States citizens and corporations ....
  • United States embargo against Nigeria
  • CoCom
    CoCom

    CoCom is an acronym for Coordinating Committee for Multilateral Export Controls. CoCom was established in 1947, during the Cold War, to put an embargo on Western exports to East Bloc countries....


  • Boycott
    Boycott

    A boycott is a form of consumer activism involving the act of voluntarily abstaining from using, buying, or dealing with someone or some other organization as an expression of protest, usually of politics reasons....
  • International sanctions
    International sanctions

    International sanctions are actions taken by countries against others for political reasons, either unilaterally or multilaterally.There are three types of sanctions....