Globalisation and autocracy are locked together. For how much longer?
Disentangling the two will be hard, and costly
THE WORLD’S supply chains have taken a knock yet again. Russia’s invasion of Ukraine provoked the biggest commodity shock since 1973, and one of the worst disruptions to wheat supplies in a century. Countries from Hungary to Indonesia are banning food exports to ensure supply at home. The West has issued sanctions against Russia, depriving it of all sorts of parts and technologies.
This article appeared in the Finance & economics section of the print edition under the headline “Economic freedom v political freedom”
Finance & economics March 19th 2022
- Globalisation and autocracy are locked together. For how much longer?
- Will China’s covid lockdowns add to strains on supply chains?
- Can foreign-currency reserves be sanction-proofed?
- The inflationary consequences of Russia’s war will spread
- A nickel-trading fiasco raises three big questions
- Governments are proposing windfall taxes on energy firms
- Sanctions-dodgers hoping to use crypto to evade detection are likely to be disappointed
- The disturbing new relevance of theories of nuclear deterrence
From the March 19th 2022 edition
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