... these discussions? And what might the consequences for Russia be?
Objective and Subjective Problems of Global Economy
Ivan Timofeev:
A New Anarchy? Scenarios for World Order Dynamics
The three main global economic powerhouses – the United States, the European Union and China – are all currently facing serious (albeit different) problems.
At first glance, it would appear that the U.S. economy is in excellent shape: GDP has been growing faster than the average for developed countries over the past several years, unemployment is low and continues to decline, and the stock market keeps setting new records. However, everybody agrees that ...
... speedy improvement in US-China relations. The uncertainty afflicting the markets is further exacerbated by the contradictions between the Trump camp and the Fed, with increasing trade tensions forcing the Fed to accommodate the negative effects on the US economy through monetary policy easing. The problem is that the Fed may not be ready to fully compensate the effects of escalations in trade tensions and with good reason.
August is never an easy month for Russia’s markets, but this time surges in volatility ...
... countries was $36.5 billion at year-end 2018, while its trade turnover with the European Union was $17.3 billion (24.2 percent of the state’s total trade turnover). At the same time, Belarus sells mostly raw materials and semi-finished products to the European Union, while it mostly sells high added-value goods to Russia and EAEU countries – engineering, MIC and agricultural products.
Russia is the principal investor in the Belarusian economy. Rosatom is finishing construction of the first Belarus NPP in Astravets (financed through a Russian loan of over $10 billion). The Belarusian government
estimates
that it will cut purchases of Russian gas by 5.5 billion cubic meters annually....
... and even more so
those that Iran
has come to experience. All of this contributes to the continuing crippling of the Syrian economy.
Against this background, Russia could step up as an oil supplier to Syria, yet its companies, including state-owned corporations,... ... differences
in this area. While Russia sees Syrian reconstruction mainly in terms of rebuilding the damaged physical infrastructure, European Union states link the reconstruction efforts to political transition.
Meanwhile in Moscow there are two competing views ...
... Syria because it cannot provide the capital and technologies desperately needed for Syrian projects. Russia doubts that the European Union is willing to allocate significant funding for Syria, given multiple competing needs and priorities in Europe. ... ... Europeans have to engage in a more specific discussion about the impact of international sanctions on various sectors of the Syrian economy, the political dynamics in Damascus, and what the notion of “smart sanctions” might mean in the case of Syria.
Fifth....
... Initiative.
In 2016, the United Kingdom was China’s eighth-largest global partner, and its second-largest trade partner in the European Union (
its trade turnover was ₤55 billion
). In 2017, China’s investment in the UK totaled
₤20 billion
, and ... ... announced a new ambitious UK–China educational programme of humanitarian contacts (155,000 Chinese students bring annually the UK economy approximately
₤5 billion
to the UK economy every year.)
Addressing the Parliament of the United Kingdom in November ...
... each others’ expense. The result as game-theory would suggest is a “prisoner’s dilemma” pyramid that is built from the foundations of individual values to the level of international institutions.
It turns out that the egoism in today’s world economy is multi-dimensional and multi-layered. Within countries the society appears to be more often than not atomized and individualistic, with individualism espoused as a virtue, and collectivism perceived as a threat to individual freedoms. At the ...
The EU will still have to rescue the Italian economy. However, Brussels is growing ever more reluctant to save Rome
March 1
st
marks nine months to the day since the new Italian "government of change" came to power. Few in Europe would have believed that Italy, one of the EU founding ...
... the so-called “domino effect” that led to more and more European countries opting to join the ever expanding and massive European Union. Times have changed since, and with the EU facing the Brexit challenge, the next “integration growth” cycle ... ... of macroeconomic stability. The attainment of a more coordinated framework in the relations between developed and developing economy integration platforms is unlikely to exhibit breakthroughs without more active steps on the part of the Global South towards ...
... to consider a Europe from Lisbon to Vladivostok. But the West was not welcoming. It wasn’t ready. I’m not saying that the European Union shouldn’t have expanded into Eastern Europe, but it was quite clear at the time that the expansion would hurt ... ... as a Marxist (or liberal Marxist, better to say) should be.
MW:
Putin and his advisers have ambitious goals for Russia’s economy. Yet he has demonstrated time and again a lack of regard for property rights and personal freedoms. Can he achieve the ...
