Impacts will flow through three main channels. One, higher prices for commodities like food and energy will push up inflation further, in turn eroding the value of incomes and weighing on demand. Two, neighboring economies in particular will grapple with disrupted trade, supply chains, and remittances as well as an historic surge in refugee flows. […]
Anger is boiling over in Sri Lanka at the country’s worst economic crisis since independence in 1948, much of it directed at the island nation’s all-powerful ruling Rajapaksa family. Read More Here
Many academic studies suggest that sanctions on China or a break in Sino-American economic ties probably would have a smaller quantitative impact than one might think, at least over the medium to long term. But that is a theory better left untested. Read More Here
Far from being in an unenviable bind, New Delhi now looks well placed to leverage its position in the middle for its own benefit in the short and long term. Read More Here
Chinese President Xi JInping urges EU leaders not to ‘tie the world’ to the conflict and warns that spillover effects could set back decades of international cooperation while European leaders ask Beijing not to ‘interfere’ with sanctions on Russia and say ‘clearly opposing’ views on the conflict were expressed. Read More Here
The Russian-Ukrainian war of 2022 is not just a major geopolitical event but also a geoeconomic turning point. Western sanctions are the toughest measures ever imposed against a state of Russia’s size and power. Read More Here
Chinese President Xi Jinping’s “common prosperity” campaign takes aim at the market-oriented policies that have enabled China’s rise. At a time when COVID-19 border controls and perceived complicity in Russia’s aggression are already threatening to isolate China, the risks of pursuing such a campaign should not be underestimated. Read More Here
When Yoon Seok-youl takes office, he’ll have fewer administrative measures in place to deal with a pandemic that continues to rage. Read More Here
Can President Vladimir Putin’s gold hoard help the Russian economy to weather biting financial sanctions? Though there are limits to the yellow metal’s usefulness, it can function as an economic lifeline for an isolated economy. Read More Here
Japan and China tend to agree on very little when it comes to economic strategy, geopolitics or managing Western idiosyncrasies. Yet Joe Biden is bringing Tokyo and Beijing together on one issue: their combined US$2.4 trillion of US Treasury debt holdings that are now suddenly in doubt. Read More Here
looking beyond borders 