Home  Journals  National Interests: Priorities and Security  2(419) - 2023 February

The economics of sanctions as a modern trend of neo-institutionalism

Received: 29 September 2022

Received in revised form: 5 November 2022

Accepted: 28 December 2022

Available online: 14 February 2023

Subject Heading: Priorities of Russia

JEL Classification: A10, L83, P48, Q26

Pages: 247–259

https://doi.org/10.24891/ni.19.2.247

Subject. The article considers sanctions as a tool for achieving political goals.
Objectives. The aim is to identify the impact of sanctions on certain sectors of the economy, specifically, on the hospitality and tourism industry.
Methods. The study draws on methods of analysis, synthesis, generalization, induction, and deduction.
Results. The paper states that the delimitation of spheres of influence of rival factions will facilitate the lifting of sanctions. There will be a revaluation of values in the sectoral structure of the economy.
Conclusions. During the sanction period, the importance of domestic tourism will increase. One of important tasks of the bodies of legislative power is to ensure the regulatory and legal support to this sector.

Keywords: neo-institutionalism, sanction, costs, tourism, tourism legislation

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