The economic war is most unlikely to affect the outcome of the Ukraine War, but it does seem likely to produce outcomes that will prejudice energy security and the climate agenda, while falling hardest on the world’s poor. Read More Here
The reluctance of the Rest to jeopardize relations with Putin’s Russia will complicate the West’s ability to manage ties with allies and others not only now but also when the war is over. Read More Here
The war is a serious setback to Europe’s strong yet incomplete recovery from the pandemic, which left private consumption and investment well below pre-coronavirus forecasts, even as fiscal and monetary support underpinned an impressive rebound in employment almost to levels last seen before the pandemic.
Watching Russia falter in Ukraine, Chinese President Xi Jinping may conclude that if he decides to invade Taiwan, he cannot hope to achieve victory with little or limited fighting. The risk is that this will lead him to prepare a much bigger assault, deploying far heavier and more concentrated firepower to batter the island into submission. […]
Despite predictions of doom for the heavily sanctioned Russian economy, nearly two months into Russian President Vladimir Putin’s invasion of Ukraine, his country’s oil exports to Europe and other have actually risen, and its financial sector is so far avoiding a serious liquidity crisis. Read More Here
Economies around the world have accumulated layer upon layer of legacies from past shocks since the global financial crisis. Extraordinary fiscal actions in response to the pandemic led to a surge in fiscal deficits and public debt in 2020. Read More Here
International politics had clearly entered a new era, one in which the old forms of predatory state behavior had returned, and the putative global hegemon proved unable to stop it. The colossus could not get its way. Read More Here
The United States’ primary security interest in Ukraine is a stable relationship with Russia, but you would not know it based on U.S. foreign policy. As John Mearsheimer has argued, the United States has pursued a revisionist policy “to make Ukraine a Western bulwark on Russia’s border.” Read More Here
From a strategic standpoint today, decision-makers in New Delhi believe that they can ill afford to alienate Russia because they count on Moscow to veto any adverse United Nations Security Council resolution on the fraught question of the disputed region of Kashmir. Read More Here
Coming after a year of high inflation, Russia’s war in Ukraine is forcing a reckoning for policymakers and commentators everywhere. New macroeconomic realities show that the days of mindless demand stimulus, guaranteed bailouts, and activist climate policies must now be put behind us. Read More Here
looking beyond borders 