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Andrey Movchan explains what lessons Russia can learn from Mexico, the United Arab Emirates, and Venezuela to deal with the perennial “resource curse.”
Authors of more recent studies almost unanimously state that even though it’s unclear whether the resource curse generally menace on average over the group of resource-rich countries, it definitely threatens nations with weak institutions.
The US-Russian relationship under Trump will mainly focus on reducing risks of collision, taking confidence-building measures, and engaging in other forms of war avoidance. Improved relations can only result from a change in the basic attitude of either of the two countries toward the other.
Russian companies are optimistic that the sale of cheap grain and high-quality sweets will help create a climate of “comprehensive strategic cooperation” with China. However, they face completion in the Chinese market from more familiar food brands from the U.S., Australia and New Zealand.
The risk of a confrontation has increased since Friday, but, paradoxically, greater American involvement in Syria may also bring about closer US-Russian co-operation there, leading eventually to a political settlement and an end to the bloody six-year civil war.
Sino-Russian relations do not constitute a new axis of like-minded authoritarian regimes that want to challenge the West by default. But it’s an example of how tactical and opportunistic cooperation of non-Western powers seeking to boost their influence on the international stage comes at expense of the Western-led international order.
The attack in St Petersburg should push Moscow to revisit its counterterrorism strategy and be ready to meet the challenge of this evolving threat. Monday’s bombing should make Kremlin understand the need for a comprehensive strategy.
Achieving economic diversification in countries dependent on oil exports is a major challenge. Most diversification strategies have failed, and there are no examples of countries that have successfully managed to fully diversify away from oil.
Between the end of World War II and the mid-1960s, the Soviet Union’s economy was one of the most vibrant in the world. The country had successfully launched the first man into space and was competing with the United States in developing cutting-edge military technology. However, by the end of the 1980s, the economy was in a miserable state.
State-sector reform is crucial for the long-term prospects of the Chinese economy, but it remains unclear how Russia's experience in dealing with the state sector could be of any use to Beijing.