Although all the markets have actually turned into financial ones, there is no reliable theory that would explain how they function; even the leaders of the financial world had a feeble idea about the specificity of the new financial instruments. It appears that the theory of long-term economic cycles has grown outdated, while the theory of real cycles does not have a practical value.
Russia should cease playing a game of "catch up" with the so-called developed economies, as well as relinquish the idea of antagonism between Russian and Western interests. Russia and the West objectively need each other.
Russia’s move toward the West would be a lucrative decision, as well as nicely matching the psychological orientations of those individuals who cherish the idea of Russia’s great mission. By going West again, we will rescue the entire European project and ourselves.
Although all the markets have actually turned into financial ones, there is no reliable theory that would explain how they function; even the leaders of the financial world had a feeble idea about the specificity of the new financial instruments. It appears that the theory of long-term economic cycles has grown outdated, while the theory of real cycles does not have a practical value.
Russia should cease playing a game of "catch up" with the so-called developed economies, as well as relinquish the idea of antagonism between Russian and Western interests. Russia and the West objectively need each other.
Russia’s move toward the West would be a lucrative decision, as well as nicely matching the psychological orientations of those individuals who cherish the idea of Russia’s great mission. By going West again, we will rescue the entire European project and ourselves.
When the Baltic countries entered NATO and the European Union a couple of years ago, many thought it was the end of the centuries-old "red line." Euro-Atlantic organizations had crossed into the former Russian and Soviet empires.
In September 2004, the Russian city of Novgorod hosted an international conference entitled Russia at the Turn of the Century: Hopes and Reality. Its organizers were the RIA Novosti news agency, the Council on Foreign and Defense Policy, Russia in Global Affairs, and The Moscow Times.