... interest rates across the whole eurozone, fuelled credit and real estate bubbles in the USA and Europe, which burst in 2008-9 amid the global ‘credit crunch’.
... ... likely to stop looking West and instead go East – as soaring trade levels with China already foreshadow.
However, Russia remains a European power – part of... ... preserve Russian’s “sphere of privileged interests” in the Caucasus and Central Asia are palpable. In the South and East of its vast country, Moscow acts more...
... "no single nation or group can dominate world's affairs"; this could be just rhetoric, but it still aids to dispel some peoples worry that Russia's Chinese neighbour could be a threat, while also calling for the final end of USA's hegemony (See: SCMP). Albeit, it is hard to see China not taking the lead regionally and globally in the future as it clearly dominates, particularly in the BRICs (economically and politically). The days of it being the young brother of Russia, are unfortunately gone (See: TheDiplomat). With the recent ...
...
Findings and Conclusions
- Demand Carousel turns towards the Developing States:
In developed economies demand is expected to stagnate. In Europe, perceptions about gas... ... to 1980’s. Moreover, albeit global energy intensity has fallen globally (even China and Russia has improved) due to technological innovation within efficiency, nonetheless... ... self-sustainable entity, with a net-equal position between its imports and exports. USA even had to convert its now useless LNG terminals (which it first built at a massive...