Vladimir Putin’s policy is to do what he sees right, regardless of what others think about it. He is ready for sanctions and to accept the costs.
U.S.-Russia relations are clearly at a turning point after Russia has moved to annex Crimea. The West needs to develop a long-term strategy to deal with Russia.
The driving motivation behind the decision by the National People’s Congress to set the growth target at 7.5 percent is their desire to guarantee full employment.
There are still many questions about Armenia’s future in the Russia-led Eurasian Customs Union, as well as the future of the union itself.
Addressing China’s local debt problem requires fiscal reforms to increase local revenues. Sustaining growth also requires expanding the role of private firms and a more efficient urbanization process.
All successful development stories, from the United States to Korea, involved the same unbalanced growth trajectory China is now on, and they only rebalanced once they reached high income.
Restoring the kind of stability that would allow the Egyptian government to make clear economic decisions is going to require not just a government in control, but also a government that has a lot more consensus.
NAFTA essentially tries to build a more integrated North American economy.
Putin’s Eurasian Union would be a set of political and economic structures, similar to the EU, that Russia would dominate. But this vision comes with a price; Ukraine’s economy is in trouble, just as Russia is suffering from low economic growth.
Under the new nuclear deal, the broad sanctions architecture remains. Iran’s oil industry is still under sanctions, and if indeed Iran wants to emerge from that isolation, it’s going to require some consistent nuclear compromise.