From collective punishment to constraints on authority : rethinking the impact of US sanctions on Venezuela / Miguel Angel Santos, José Morales-Arilla, Zinedine Partipilo Cornielles

Format:

Book

Author/Creator:

Santos, Miguel Angel (Government economist), author.

Morales-Arilla, José, author.

Cornielles, Zinedine Partipilo, author.

Series:

Cambridge elements. Elements in the economics of emerging markets

Cambridge elements. Elements in the economics of emerging markets, 2631-8598

Language:

English

Subjects (All):

Venezuela--Economic conditions--21st century.

Venezuela.

Venezuela--Social conditions--1999-.

Economic sanctions, American--Venezuela.

Economic sanctions, American.

Economic history.

Social conditions.

Physical Description:

1 online resource

Place of Publication:

Cambridge : Cambridge University Press, 2026

Summary:

"This Element critically examines the claim that United States economic sanctions on Venezuela constituted 'collective punishment' of the Venezuelan population, contributing significantly to the country's economic collapse and humanitarian crisis. Through comprehensive analysis of economic, developmental, and welfare indicators from 2013 to 2023, it demonstrates that the bulk of Venezuela's economic devastation - including 52 percent of GDP losses and 98 percent of import declines - largely occurred before financial sanctions were imposed in August 2017. Key welfare indicators such as infant mortality, undernourishment, and life expectancy had deteriorated substantially by 2017 and subsequently stabilized or improved following sanctions implementation, contradicting narratives that attribute Venezuela's collapse primarily to external economic pressure. The Element provides a timeline of Venezuelan economic and political events around sanctions and a critical review of the literature on their economic effects"-- Cambridge Core

Contents:

Timeline of economic events

Critical literature review

Case study 1 : did the 2017 financial sanctions affect local economic outcomes in oil-producing areas?

Case study 2 : parsing concurrent treatments through the effects of the 2019 blackouts

Case study 3 : did sanctions affect access to essential imports?

Case study 4 : sanctions and the end of foreign exchange controls

Reframing the effects of economic sanctions on Venezuela : from collective punishment to constraints on authority

Notes:

Includes bibliographical references

Online resource; title from PDF title page (Cambridge Core, viewed May 20, 2026)

Other Format:

Print version: Santos, Miguel Angel (Government economist) From collective punishment to constraints on authority

ISBN:

9781009704311

1009704311

9781009704274

1009704273

OCLC:

1579848082

Publisher Number:

CIPO000355824

Access Restriction:

Some versions: Open access versions available from some providers open access