A prophetic Romanian novel about a town at the mouth of the Danube carries a warning: Europe decays when it stops looking outwards. In a world of increasing insularity, the EU should heed its warning.
Thomas de Waal
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When countries export raw materials, as Russia does, they do not need to worry about their relationships with other countries because their products are easily marketable everywhere.
Source: CNBC
Speaking on CNBC, Carnegie’s Yukon Huang explains that when countries export raw materials, they do not need to worry about their relationships with other countries because their products are easily marketable everywhere. Russia is a major exporter of oil and primary metal products, so it has little incentive to maintain good relationships with other countries, he said.
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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