International Marketing under Economic Sanctions
Keywords:
Economic sanctions, international marketing, political risk, global strategy, market adaptation, trade restrictionsAbstract
Economic sanctions have become a prominent instrument of international diplomacy, significantly influencing global trade flows, corporate strategies, and market access. For firms operating across borders, sanctions fundamentally reshape international marketing environments by restricting market entry, limiting financial transactions, altering consumer perceptions, and increasing regulatory and reputational risks. This research article examines international marketing under economic sanctions by integrating insights from international marketing, political economy, and strategic management literature. The paper analyzes the nature and types of economic sanctions, their implications for marketing strategy, and the adaptive responses adopted by firms. A conceptual framework is proposed to explain how sanctions affect international marketing decisions related to product, pricing, distribution, and promotion. The study further discusses managerial challenges, ethical considerations, and future research directions. By providing a structured and theory-driven analysis, this paper contributes to a deeper understanding of marketing strategy formulation in politically constrained global markets.
