Economics and Globalization

Capitalism the Kremlin Way

BY BORIS GROZOVSKY AND MAXIM TRUDOLYUBOV
 
In his two decades in power, President Vladimir Putin has prevented Russia’s economy from going under and kept most of the ruling elite in place. The secret behind Putin’s remarkable course of stability is a public-private partnership of sorts, a business arrangement, in which the public side is represented by Putin and the private side by his friends and other individuals who were able to make special deals within his system.
 

The Future of the Quad is in Southeast Asia

Much has already been made of the so-called “Quad” mechanism linking Japan, India, Australia, and the United States, which was announced during President Trump’s November 2017 trip to Asia.

Book Launch | Under-Rewarded Efforts: The Elusive Quest for Prosperity in Mexico

Why has an economy that has done so many things right failed to grow fast? Under-Rewarded Efforts: The Elusive Quest for Prosperity in Mexico traces Mexico's disappointing growth to flawed microeconomic policies that have suppressed productivity growth and nullified the expected benefits of the country's reform efforts. Fast growth will not occur doing more of the same or focusing on issues that may be key bottlenecks to productivity growth elsewhere, but not in Mexico.

Nine Million Reasons to Get a Trade Deal Done with Canada

As U.S. and Canadian officials resume trade negotiations in Washington, it is vital to realize that the United States gains massively from its economic relationship with Canada.

Ending the North American Free Trade Agreement (NAFTA) and moving ahead with only a new U.S.-Mexico trade agreement, as the White House has threatened, would damage the U.S. and Canada. Compared to what is at stake for the United States, the remaining U.S.-Canada trade differences are small and resolvable.

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