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Economic sanctions have been practised by one state against another or an international body representing a number of states against an individual rogue state It is an economic penalty that is given against a state for various reasons It is again another factor of globalisation where economic sanctions can have a very huge effect on a country its government and sometimes if not carefully thought through before applying to its people It has been a way of getting dictators and rogue states to accept International Law and release political detainees At the same time it can be used by nations as a tool of war against another nation for geo-political and national interests These penalties can be trade barriers import and export quotas tariffs import duties and others that can have the needed effect In a world of competition and a global market nations economy is at stake as it is always competing against rising economical challengers as the like of China Napoleon was reported to have commented on China by saying China There lies a sleeping giant Let him Sleep For when he wakes he will move the world These words seems to be pretty real now more of a threat for the Americans as they see the Chinese on their way to becoming a super power as its economical and military strength grows China is currently trying to lift an arms trade embargo by the European Union which was imposed after Beijing crackdown pro-democracy demonstrators in Tianamen Square in 1989 However the European Union have indicated that there will be no early lifting until China improves its human rights records This debate came about by the quick growing China-EU trade relationship Countries like France and Germany are keen starts arms sale with China hence been trying to get more support from its European neighbours to back lifting the ban Recently after little coverage or no coverage at all of the human
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