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Question : a) To what extent are economic sanctions and trade wars (such as the USA sanctions on Cuba or Iran or Russia; or the

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a) To what extent are economic sanctions and trade wars (such as the USA sanctions on Cuba or Iran or Russia; or the China-USA trade wars) becoming much more common in our contemporary era and how different are they in effect from old fashioned protectionism based on tariffs and quotas. ? Give some examples.

b ) What is their ultimate long term impact on the operations of the world economy ? Give some examples

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