Phase IFoundation
Background
Overview
UPSC examines the economic consequences of international events, including the effectiveness and implications of sanctions, their impact on global trade, energy security, inflation, and the resilience of national economies.
Geopolitical conflicts often lead to the imposition of economic sanctions, which are non-military measures designed to exert pressure on a target country, significantly impacting its economy through trade restrictions, financial penalties, and asset freezes, with potential ripple effects on global markets and supply chains.