Trade

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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,
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,
Brenda Shaffer

In the wake of the EU’s failure to conclude an association agreement with Ukraine, one could be forgiven for thinking that it has lost its touch in the former Soviet Union. If this week's pipeline deal with Azerbaijan is any indication, it hasn't.

Postscript,
Kimberly Ann Elliott
Postscript,
Patrick Clawson

As Rouhani mounts his charm offensive at the UN General Assembly, it is worth remembering that sanctions alone did not bring about Iran's new willingness to negotiate. Nor can they ensure that the mood will last.

Snapshot,
Thomas J. Bollyky and Anu Bradford

Hammering out a transatlantic trade deal, the goal of U.S. and EU officials meeting this week, won’t be easy. Beyond the traditional barriers to free trade -- tariffs and quotas -- negotiators will need to address the real obstacle to transatlantic commerce: inconsistent regulations.

Comment, Jul/Aug 2013
Richard Katz

Tensions between China and Japan are rising, but an economic version of mutual deterrence is preserving the uneasy status quo. Put simply, China needs to buy Japanese products as much as Japan needs to sell them.

Snapshot,
Morten Jerven

The GDPs of many African countries appear to be soaring, which is partly a statistical fluke due to recent corrections of decades of bad data. African countries now face the challenge of rewriting their poorly recorded economic histories and adopting up-to-date statistical measures that will capture the continent's future growth.

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