Economics

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Snapshot,
Ricardo Soares De Oliveira

The countries of East Africa are in the early throes of an oil boom, with an unprecedented opportunity for economic development. Unless they avoid the mistakes of those before them, though, the region's governments could easily squander it.

Snapshot,
Robert Kahn

Although sanctions have a spotty record of achieving political objectives, they could be unusually powerful in Russia. The country's relationship to global financial markets -- integrated, highly leveraged, and opaque -- creates vulnerability, which sanctions could exploit to produce a Russian “Lehman moment”: a sharp, rapid deleveraging with major consequences for Russia’s ability to trade and invest.

Snapshot,
Tom Keatinge

Sanctions have not forced Russia to withdraw from Ukraine, and for that reason, some consider them a failure. In fact, they have worked just as intended, causing the ruble to weaken, inflation to rise, and investor demand for Russian stocks to dry up. They have also, apparently, pushed Putin into talks with the West.

Snapshot,
Andrew Wilson

Belarus signed up early to join the Eurasian Union, but has started hedging its bets since Russia's annexation of Crimea -- and understandably so. According to Putin’s reasoning for seizing Crimea, Belarus could be the next target.

Snapshot,
Lee S. Wolosky

Economic sanctions and visa bans seem like an appealing way to punish Putin, both because there aren’t any realistic military options for countering him and comprehensive economic sanctions have had remarkable success in recent years, including in Iran. Unfortunately, Iran-like sanctions are not politically feasible in this case, and half measures won't get the United States what it seeks.

Snapshot,
Alexander J. Motyl

It is time to imagine what once seemed impossible: In addition to Crimea, Putin attempts to annex the other southeastern Ukrainian provinces that are generally regarded as most susceptible to conquest -- Donetsk, Kherson, Luhansk, Mykolaiv, and Zaporizhzhya. Ukraine would be the immediate loser but might find itself better off in the long run. Russia, on the other hand, would quickly discover that it is in possession of economically unviable provinces that cannot survive without massive infusions of rubles.

Snapshot,
Karel Lannoo

During the free-fall of the global financial crisis, representatives from 20 of the world’s leading economies agreed to gather regularly in order to tame the wild beast of finance. Five years later, it is time to take stock.

Snapshot,
Tom Keatinge

Since 2011, FATF, the international body charged with developing policies to combat money laundering and terrorism financing, has had Turkey on its gray list of high-risk and non-cooperative jurisdictions. Here's why.

Snapshot,
Johan Lagerkvist

Although China's leaders are intent on liberating the country's economy, they have outlined no such liberalization for China’s restless civil society. That approach may come back to haunt them.

Snapshot,
David Petraeus and Robert Zoellick

As crises in the Middle East and rising tensions in Asia have consumed U.S. policymakers’ attention over the past decade, Washington has devoted comparatively little thought to North America. Yet it is precisely today's broader global challenges that make an ambitious strategy to strengthen North America so important.

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