Do economic sanctions work? | CNBC Explains

Following a coup d'etat against Myanmar's Aung San Suu Kyi and her government at the start of 2021, Western countries have reimposed targeted financial sanctions against their military leaders, family members and business interests. However, the military junta is no stranger to sanctions, with broad sanctions programs in place since 1988. So, how effective are economic sanctions? CNBC's Nessa Anwar discusses the case for, and against sanctions.
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[@Johansen1000]

If by work you mean the people living in the country suffering because of it, and the people that hold the money and power almost doesn't notice it, than YES sanctions work.

[@dritemolawzbks8574]

That's the brutal US sanctions. The goal is to make life unbearable that the government is eventually at risk of a civil war.

[@SaSha-hb5rq]

"almost doesn't notice it", that is an understatement, there are riots all across the country, how are they not noticing at all.

[@Johansen1000]

@@SaSha-hb5rq Because of the military coup, the people are not protesting because of sanctions.

[@sharkulashairstylist5505]

right on, but russia oligarchies won't feed their people anyway, and lead cyber warfare against our freedom.

[@JackIsNotInTheBox]

@@dritemolawzbks8574 Even Kim knows you must satisfy your people's most basic needs or else they will riot.

[@surenderyadav7738]

Video Title - 'Do Economic Sanctions Work' Actual Video - *'What is going on in Myanmar'*

[@corporateservants269]

Thanks, you saved me 9 minutes of my life.😁

[@selamawitmengistu8787]

Not true it’s explains sanctions too

[@thiha.kyawzin]

@@selamawitmengistu8787 but 75% of the content is about Myanmar..

[@johnl.7754]

Sanctions I think works better if wealthy business people have a lot of influence/power. Works not as well when it is mainly military generals that have power since he really can get all he needs within the country.

[@salamandiusbraveheart4183]

Sanctions would work if the other regional partners weren't all corrupt military dictatorship/police states

[@khan-cricket]

Then those wealthy will have pwer to enforce anything they want and for their selfish bussiness idea. The old European imperialism start by those venture company before the government step in. Even war start because of those company leader calculation

[@MrWhitmen1981]

That’s not true just look at the history of Africa and South America sanctions force many coups.

[@khan-cricket]

@@MrWhitmen1981 Venezuela and Cuba still cool

[@chrisbacos]

Economic sanctions are an absolute joke. Look at Cuba and Iran. Rhodesia (now Zimbabwe) and South Africa held out for a while too.

[@Papabuonair]

The sanctions applied by those countries which are stuck in their ideological world not the reality

[@StudSupreme]

Incorrect. Sanctions work - provided the sanctions regime is not violated. SA and Rhodesia survived for an extended period because they were able to acquire needed items from states that did not conform to the sanctions regime. Iran, however, has had much more difficulty, because its needs are different.

[@orangypteco8858]

Short answer: no

[@aneek5784]

Well north korea is good example of economic sanctions not really working against dictatorships

[@dritemolawzbks8574]

They work. North Korea wouldn't be bombing the Sea of Japan if they weren't starving and suffering from the sanctions.

[@aneek5784]

@@dritemolawzbks8574 Well it's the people who are suffering from the sanctions. The supreme leader still rules on and will probably dictate the people for a few more decades. And the sanctions actually gave him more power as the dictator is the only employer in country.

[@nofanfelani6924]

@@aneek5784 agreed. Sanction makes the people weak. And when the people weak, the government will be strong.

[@aneek5784]

@@nofanfelani6924 That is an excellent summary.

[@loudnessclarity9273]

I haven't seen sanction on Saudi Arabia ....

[@CB-bl8sp]

Good observation.

[@samkalapseudo8998]

human right from west just is joke

[@teofilol2666]

Not on US either

[@darienmiller1032]

Put Israel on that list too.

[@carlabroderick5508]

Sanctions do not work quickly or alone, but they weaken a government to the point that the governed may negotiate a change. Unfortunately sanctions can impact the population which is the reason officials are sanctioned in these cases.

[@justinkase5260]

So Sanctions are a fancy way of using force to get what you want.

[@mayconlcruz]

I would say that this is more like a way of forcing a country to do or stop doing a certain thing, but without resorting to direct violence, getting its hands dirty in the process.

[@teesigz]

True

[@rodneymarkestrella6639]

The general and fair election next year smells fishy to me

[@salamandiusbraveheart4183]

No such thing as democracy or freedom in Asia. It should be called Corruptia imho

[@Papabuonair]

The sanctions applied by those countries which are stuck in their ideological world not the reality

[@ellengran6814]

If you ideology is based on a God whom kills people when they dont follow his will, I guess such actions makes sense. When bases in reality, no !

[@choegyal100]

Do western economic sanctions works ? Ask North Korea, Iran and Venezuela.

[@TheWotageek]

Targeted sanctions can greatly inconvenience some of the folks in power, or at least make it harder them to spend their ill-gotten gains. For example, Carrie Lam (Chief Executive of Hong Kong) has to use cash for everything because no bank will open an account for her due to US sanctions. I'm not saying sanctions work, but freezing the assets of the Tatmadaw does at least make their life a whole lot less enjoyable as compared to doing nothing.

[@ShweMyaukMyauk]

Sanctions work if everyone is on the same page. In the past, they turned to other countries for help so it will be the same this time too.

[@okd521]

The answer is no they mostly hurt the poor

[@asurakim1432]

If a leader in one country ignores all aspects of sanction, who will suffer, the people or the leader? What has the economic sanction achieve in the countries on which it has been imposed so far?

[@vandalorianvandalorian4769]

Looks like America has adopted Myanmar’s election policies.

[@marthaurquilla2172]

They work if Done properly AGAINST a Threat to a Nation!

[@hahdakdahkdhalsla]

No they don't.

[@phdpirate4917]

Name one country where economic sanctions worked, I'll wait

[@Dont_care_4_U]

Sections only work on countries who aren’t self-sufficient

[@madpatriot4608]

Sanctions only hurts the citizens not the regime

[@user-us8zo3nq3z]

true. that's what the whites want.

[@ken-je9oi]

Technically, NOPE because the civilians are the affected one instead the tatmadaw(Myanmar Military Junta)..Global Arms Embargo helps and sanction also who those support the junta must sanctioned too

[@samiitb]

CCP China has greater influence in Myanmar politics now. This is what happens when CCP China becomes more powerful they will start promoting autocratic governments in the world and trampling democracy.

[@benedictdelacruz2535]

But what happens if the sanctions didn't worked or acknowledged.

[@thewolfofswingthat2035]

myanmar and india has good relationship. As an indian i support Myanmar and oppose any sanctions on our good friend.

[@thekingminn]

As a Burmese, I support all the sections on Myanmar's military government.

[@aadhisenthivel5107]

as an Indian, you shouldnt

[@benedictdelacruz2535]

. . . like if someone told you this is a stick-up, shouldn't you shoot it down having a gun in hand.

[@futuregenerationz]

War is just murder taken out of context, and 2 wrongs don't make a right. You cannot isolate punishment(sanctions in this case) from the crime. But if you do, of course it doesn't look fair. And you can say war, punishment and sanctions don't work, until they do. Wars can be won. We ourselves, along with the fact that we're currently at peace, is living proof. You do this and I do that. Does it work? The answer is: not until it does. You can't concede and give up everything simply because someone challenges you. Sometimes you have to stand firm, and sometimes you have to fight ...until we don't anymore. But we're not there yet. Is there a reasonable way the sanctioned country can make the sanctions stop? That's the question you must also ask.

[@adibmouhanna6823]

Of course not!. Sanctions are a part of a crime against humanity!💯

[@antithesis2211]

If they don’t, then why do countries that have been slapped with these sanctions ask those countries to remove them!

[@dritemolawzbks8574]

They work. The US sanctions are the worst ones since everyone has to follow them. The goal isn't to get the regime to change policy. It's to cause a popular revolt, and make life miserable for the citizens.

[@antithesis2211]

@@dritemolawzbks8574 like I said, if they don’t… LOL

[@mmmyolo7019]

No, Military Bases work

[@samreynolds3789]

NOPE ! Read history Books ! ENDLESS WARS, ALWAYS LEAD TO COLLAPSE of EMPIRES , like USA 🇺🇸 EVENTUALLY ! Then China , Russia!

[@jimpad5608]

ALL empires die. The USA is doing a great job of killing itself via extreme hubris. As the Christian Bible notes, pride (hubris) is the deadliest sin. Using somewhat different language, Sun Tsuz says the same thing.

[@hypocriticalcynic115]

Sanctions opened the Suez canal

[@alparslankorkmaz2964]

Nice video.

[@jtchunga7699]

Sanctions are but a fig leave inaction when concrete actions are unwilling to be taken. It can hurt only some ambitious powers and not like Burmese generals.

[@alexanderyil8305]

From my understanding Aung San Suu Kyi & Burmese military are ruthless.

[@youknowmyfirstlastname3206]

It works 4 few years, but depends geopolitics

[@rutoramanwu1351]

Sanction on countries becoz of their dictators or thug regimes doesnt work as u wont be sanctioning them if their dictators or regimes care abt their people.

[@JediMik]

What about Rus sanctions, are they working? 😥

[@mukulutudu7056]

What the people make sanctions on countries? Where they get a legitimate? Who are they?

[@andrewstankhais8244]

It doesn’t save live apparently

[@agusti_zainal0445]

Over 550 people dead in Myanmar 🇲🇲🇲🇲🇲🇲 2021🌏🌍🌎💪💪💪💪

[@anilrajpal4816]

***** * Sanction is a FARCICAL word for America, European union, UN and Britain. * Pakistan is best example. * Since last 3 years in FATF what they are doing?? * America, European union and Britain they never tried to Sanction PAKISTAN.. * Double standards. *****

[@tjmarx]

Sanctions are not intended to be a tool to influence behaviour. Sanctions hold two main purposes. 1. To provide a bargaining chip in a negotiation later down the road where you otherwise have nothing to bring to the table. 2. To appease the public so it feels like you're acting when you don't actually want to act, or action would be a mistake.

[@LORDGODSE]

What the hell was the Indian map at 2:03

[@iamshank6463]

Yes they do work

[@bmscollects9165]

Sanction doesn`t work in Myanmar. I am from Myanmar.

[@jennyzhen9569]

Sanction work against the poor and economic disadvantage segments of population

[@192ali1]

Aung San Suu Kyi, the hypocrite evil tyrant and dictator: What goes around comes around. This is the justice of God. A few years back, the very same Aung San Suu Kyi, who mascaraed and burned the helpless Muslims of Bangladeshi descends in that country and demanded them to leave. Justice comes sooner than you expect. Google and see for yourself.

[@Justin-iz8ku]

Don't think they do...

[@DejaunWright]

What is with this energetic zooming at punchlines?

[@dasgupta9288]

The time for sanctions is almost gone

[@amitkumarsingh1709]

They taken out Jammu Kashmir& ladakh from India map even India administrate j&k

[@iamjabby3688]

Answer. . . NOPE

[@r3dpowel796]

The leaders will have nice food while the people will continue to die it worked.. the sums of the video..

[@jonfee5081]

The sanctions work a lot of the time but Myanmar has China ok they can connect with them

[@NicholasLi10]

Inconvenience yah sure A curse

[@alinthitelectronic698]

Down Down Down. Now

[@jayantkumar4542]

Hey @cnbc plz do show correct map of india not cool man

[@Think_Inc]

CNBC played the UN card. Disappoint everyone to achieve peace.

[@abdullahalfaruk5961]

quite,look at iran

[@ryanandpeople9401]

Idk

[@choegyal100]

History teaches that sanctions and colonial mentality have never succeeded in transforming societies. Engagement and dialogue over time lead to change.

[@davidwethington9320]

Uh huh. Iran? North Korea? Talking does wonders.

[@davidwethington9320]

@@4yearslate966 I agree with the original reasons. No argument. However the "newer generation" of both have broken every promise made under previous administrations through Trump. That's why sanctions were put in place.

[@TwinGoats]

Yes they do, trump used it effectively

[@jimpad5608]

NOT TRUE - Trump failed completely.

[@TwinGoats]

Jim Pad the view tell you that?? Lol I bet you can defend this fraud NOW but trump is bad smfh 🤦🏽‍♂️🤷🏻‍♂️

[@pothannasetti]

Junta gunta thunta

[@GuyOnAChair]

Ehhh

[@SuSu-zx4zy]

MR.TIN MYO ZAW SU SU စုစု ❤🤝🤝👍

[@UHaulShorts]

NKor & bejing don't care

[@Shahid_Vegdani]

She's Chinese lady in CNBC..!! Hummm

[@taiyipan3138]

so? you've never been to America before? you've never seen an Asian American citizen? it is a thing you know, in America. We have difference ethnicities. lol.

[@Ju2000lo]

@Mike T Russia, China, India, Pakistan, Bangladesh, Vietnam, Laos and Thailand -- sent representatives to the Armed Forces Day military parade in Naypyitaw asia.nikkei.com/Spotlight/Myanmar-Coup/Myanmar-junta-holds-military-parade-with-Russian-attendance I guess India wants to join the party as well lol

[@Ju2000lo]

@Mike T I didnt say anything about "confronting the army" lol I was just saying India made its choice by standing with the Myanmar junta

[@Ju2000lo]

@Mike T nah you are on their side now cause you chose to go to that parade at this moment . it means something

[@Ju2000lo]

@Mike T sure ! like we'd believe that lol

[@stonernation7221]

tick tock.

[@pothannasetti]

Lack of info

[@dennisjorgenson3284]

Short answer: Yes. Move along.

[@nyinyizaw6199]

hi

[@martinjoseph9212]

People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin

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[@williamsscot7989]

Bitcoin trading nowadays is a big change to make money

[@mooremonnery4140]

BITCOIN: IS THE ONLY TRUE DEMOCRACY EVER EXISTS IN THE WORLD

[@durunpaul3124]

Buy and invest in bitcoin and other cryptocurrency today!!!!

[@anthonyfelix5323]

Crypto is the future, trading crypto has become a lucrative way of making money.

[@ziggy3443]

who’s here for WW3 ?

[@StudSupreme]

The question is extremely stupid. Sanctions are useful if they apply pressure to the target. Their effectiveness depends on what is being sanctioned and whether there are supplies of the sanctioned items available from those not conforming to the sanctions regime. The iranians clearly can be leveraged thru sanctions, for instance.

[@nyinyizaw6199]

😍😍😍😍😍😍😘😘😘

[@passiveincomesource3502]

Economic sanction will work if secondary sanction is forcefully enforced. With Iran it work because of secondary sanction order. Target the banking system with SWIFT ACCOUNT of that particular country suspended. That will send those country to back to the stone age,ie barter exchange system.

[@jimpad5608]

SWIFT is being neutered by China and other countries that are tired of USA bullying. Once a non-usa system is fully operational, the USA will be completely screwed. The USA is NOT the only country with intelligent humans.

[@illuminana9567]

first

[@bgbrayden7267]

first to reply to this comment! heehee!

[@MrRee-op7pn]

@@bgbrayden7267 first to reply to the first person to reply to illuminanas comment

[@kids4259]

@@MrRee-op7pn Woah, illuminana is cool!

[@bgbrayden7267]

@@MrRee-op7pn first to type an emoji this thread 😘

[@Think_Inc]

First emoticon(•_•)

[@PandaArmy-fy5zh]

distraction for🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑👀

[@cleve21ful]

Not against china that's for sure! But to smaller and poorer countries, yes

[@rhyceise9000]

US $30 Trillion debt. I feel sorry for all the taxpayers

[@MrAlf30]

As a taxpayer the 30 trillion debt will not impact the community. We have better roads, universities, renowned research centres ....money better spent on human capital and infrastructures . Deficit spending is a way to go as MMT ( modern money theory) explains.

[@CosmosBFN]

The latest example of china brutal tactics.