INTERNATIONAL POLICY ANALYSIS| FES NEW YORK Sanctions and the Effort to Globalize Natural Resources Governance ENRICO CARISCH AND LORAINE RICKARD-MARTIN January 2013  UN sanctions on natural resources are among the most consistent forms of coercive actions in support of international norms, including humanitarian laws and rights, in maintaining and restoring global peace and security.  The predominantly South-South trade in natural resources increasingly bypasses the evolving framework of Western norms and standards established by the OECD on which UN sanctions compliance is based.  Competitive advantages in the form of sanctions discounts accrue to those who perceive themselves as politically and economically able to eschew such compliance.  Balancing the interests of the industrialized West and East with the emerging voices of the resource-rich South offers an opportunity to fashion governance norms for natural resources sanctions that will enjoy truly global respect.