The world economy enters a new phase of prolonged recession without any breakthrough in sight. International community seems no longer capable of creating new global initiatives
The article reveals causes of the social protest and the emergence of qualitatively new components in relationship between the elite and society.
If elites continue to encourage the racist demagogues of the right, they will live in societies fundamentally transformed beyond their control. Where unpredictable authoritarian leaders take power, elites can lose their liberties and ultimately even their wealth.
The economic heritage of Eurasianists includes opinions, still quite important today, on the role of the state and the private sector in the economy, models of economic development and planning during economic modernization.
The article discusses the results of Russian foreign policy since the collapse of the Soviet Union against the background of major new global and regional international trends and the policy of other major world powers.
The Transatlantic Trade and Investment Partnership is by far the most ambitious project in the field of contractual formats of regional economic cooperation, combining traditional measures to liberalize mutual trade with regulatory rules of economic activity on the territories of member states. If successful, this project will influence on the development of both the world economy and its regulatory mechanisms.
Russia should reasonably assess the need for itself to participate in old, mostly European, formats of integration, and to think of new formats that would be more consistent with modern requirements. The principles of Russia’s interaction should be revised in favor of greater pragmatism and protection of national interest.
For the UN to continue to be truly indispensable, international officials and national governments, members of the academic elite and civil society leaders will have to reach consensus on the way ahead, avoiding over-ambitious plans, but also half-measures portrayed as full-fledged reforms.
In the future, a duumvirate may emerge in Central Asia, in which China will provide investment and resources, and Russia will contribute security and geopolitical stability.
How has decay of the American Empire affected globalization? Does the apparent fragmentation of older, Bretton Woods era, more universal forms of global governance into more regional forms imply US relative decline?
The global domination in setting ecological standards has been gradually drifting towards the United States. The U.S., in contrast to the EU, is prepared to employ this tool not just to bolster its own image, but also to dictate rules to the global economy.
A reasonable choice would be a trial and error method, that is, learning partners better through joint projects. Instead of creating new regional cooperation mechanisms that may lead to conflicts, China should gradually promote its project of the Silk Road Economic Belt.
The best strategy towards the TTP would be monitoring and assessing the applicability of its experience to integration projects involving Russia. After all, Russia was not ready to sign it anyway. Neither was China.
The mega-regional trade agreements do not mean undermining the WTO, as some believe—there are no serious players in the world that would have such plans. The problem’s solution lies in gradual harmonization of the multilateral (WTO) format and regional/preferential and mega-regional (TPP and TTIP) formats.
A new system of political economy is emerging in Russia in which greater control is exerted over key industries to help generate the economic basis to compete in what its leaders perceive to be an increasingly hostile geopolitical environment.
The Russian elite have realized that the country will have to live in a new reality that differs from the past rosy dreams of integration with the West, while preserving its independence and sovereignty. Yet they have not yet used the confrontation and the growth of patriotism for an economic revival.
The “One Belt, One Road” strategic initiative is a focus and priority for China’s foreign strategy in the new century. What is particularly interesting is that this inter-regional cooperation initiative driven by concrete projects aims to link the Eurasian Economic Union with systemic policies and institutional designs.
Liberal Leviathan uses large-scale economic sanctions to demarcate its space. Sanctions are not a reaction – punishment or an attempt to respond to some threats to national security – but rather the first step in a rational strategy of managing the anarchic international society by the new rules.
With the formation of the TPP, regionalism is advancing to a new, transcontinental level and turning into mega-regionalism, which undermines the basis for multilateral liberalization of world trade. It brings to the fore the right of the strongest and most prosperous countries to identify the vectors of economic integration.
The global crisis that started in 2008 signaled the end of the era of neoliberal globalization but not the end of the processes it engendered. We can move forward, using the theoretical legacy left to us by the great thinkers of the Enlightenment and the ideologists of the liberation movement. Like it or not, Karl Marx remains the greatest of them.
Africa’s recent strong growth figures allowed to talk about the continent’s “rise” opposed to the previous “hopeless continent rhetoric”.
I have already written before that having emerged from the Cold War, Europe lost the post-war peace. The continent is on the verge of strategic degradation that may either become a caricature of military-political division into opposing blocs or a time of disquieting uncertainty. The military-political conflict over Ukraine can escalate as well.
The BRICS can serve as a locomotive for Russia’s geopolitical rise in the 21st century. This development will not necessarily imply a deterioration of relations with the West, which would be almost inevitable if Moscow were to face it alone.
Today even raising the question of an economic integration agreement between the European Union and the Eurasian Economic Union seems a non-starter. Recent economic sanctions have severely hurt economic cooperation between the two political entities. Yet the foundations of any new institution are frequently set out in times of crisis.
Creating substituting production capacities, operating a semi-isolated financial system, spending resources to overcome trade barriers and looking for new markets will require enormous and unjustified expenditures, which will inevitably affect the competitiveness of Russia’s national economy and lead to the impoverishment of the population.
For the United States, at stake is its leader’s declining reputation and the risk of yet another humiliating defeat. The stakes are high also because Russia stands as a symbol of a rising and increasingly anti-Western “non-West.”
It was not international diplomacy that has steered the situation over Ukraine into the condition of nearly systemic confrontation. The current state of affairs should be blamed squarely on the absence of diplomacy for nearly a quarter of a century.
If Russia is to embark on the path of profound economic modernization in full seriousness, then there has to be a strategy of using WTO membership as the basis for modernization. It is crucial to determine the nature of our actions within the WTO for the long term.
Russian-Ukrainian relations are again at the center of attention. Attempts to improve cooperation have quickly ground to a halt.
At a roundtable event in Moscow, top experts debated the “hypocritical” and “insincere” foreign policies of both Russia and the West in the post-Cold War era.
Vladimir Putin has mentioned several times that the collapse of the Soviet Union was a geopolitical mistake. Although these words were often interpreted as his desire to constitute that country, there is little reason to believe this.
The April 16 referendum will focus on power distribution rather than institution building. In other words, the organizers saw it as an opportunity to expand the President’s powers and allow him to rule longer. In their turn, Turks perceived it as an institutional choice to contribute to the development of the state.
If the larger picture defies prediction, the immediate future is scarcely more transparent. In the U.S. case, the known unknowns are numerous. They begin with the question of how much deck furniture Trump is willing to overturn in order to pursue an “America First” strategy.
In the wake of the For Fair Elections protest movement in Russia in 2011-2012, the Kremlin initiated a new strategy of state-society relations that was aimed at diminishing the propensity for protest in the next election cycle.
Belarus’ traditional structural dependence on Russia is increasing, and Minsk’s freedom of maneuver continues to shrink.