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Has the US just made a strategic blunder? In leading the military support of Ukraine’s fight against Russia, introducing a massive package of sanctions and weaponising the dollar, the West is driving the leading EMs into a BRICS bloc.
World trade has been falling, but we still expect growth to return this year. We do notice large shifts in world trade as advanced economies – especially the US – are diversifying input sourcing.
French President Emmanuel Macron caused a storm with his trip to China in April to meet China’s President Xi Jinping. Macron was lambasted as a “Gaullist” attempting to aggrandise himself on the international stage by playing at peacemaker.
The Kremlin has released a new foreign policy document that lays out its plans for its post-war relations. The main points are based on a “multipolar world” and that Russia doesn’t see itself as an enemy of the West.
Russia took over the chairmanship of the Eurasian Economic Union (EEU) at the start of this year and is looking to the trade club as one of the ways it can expand its trade after the Western world has increasingly cut ties due to sanctions.
First, as I have previously argued on this blog, I think ideally Xi would want to call an end to the war in Ukraine. It may initially have served a purpose for China, but I think Beijing now sees a real prospect of a catastrophic defeat for Moscow.
Chinese leader Xi Jinping’s visit to Russia is a major event confirming the special nature of the Moscow-Beijing partnership, President Vladimir Putin said in an article for People’s Daily ...
Invasion of Ukraine "accompanied by all-out repression and censorship at home", says EIU, presenting latest Democracy Index.
The free flow of ideas, people, goods, services, and capital across national borders leads to greater economic integration. But globalization, the trend toward these things moving ever more freely between nations, has slowed in recent years.
Mercantilism is also replacing globalisation, and the US has a declining interest in European affairs.
Friendshoring has replaced nearshoring after the invasion of Ukraine, benefiting Western-aligned states but causing a shift away from Serbia.
‘Cooperation in a fragmented world’ was the theme at the World Economic Forum in Davos, but Europe is still struggling to catch up with the cleantech policies of the US and China.
The World Economic Forum in Davos, Switzerland, was held in person this year for the first time since the start of the COVID-19 pandemic. The theme of the meeting was “co-operation in a fragmented world," but Russia and China were a no show.
US ambassador makes thinly veiled criticism of Hungary’s pro-Russian government at commemoration ceremony.
The global economy has been through some enormous changes in recent years, leading investors and analysts to believe we are at the start of a new high-inflation, lower-growth super-cycle that could last for as long as a decade.
Fund managers surveyed by Bain & Company point to region’s strong macroeconomic fundamentals and catch-up potential.
Prices are important economic signals. High prices – whether for energy foodstuffs, etc., are signals to the world to (a) supply more; (b) substitute; or (c) conserve. But how do you bring inflation down?
China won’t accept the use of nuclear weapons in Ukraine – but might step in to prevent the collapse of Putin’s regime.
Putin’s war is fundamentally changing the make-up of the world – for the worse. While it is tempting to say the Cold War is back, that is inaccurate: back then two ideologies, communism and capitalism, clashed. Today even Russia is capitalist.