Valdai Discussion Club pinned «📆 ANNOUNCEMENT: On June 16 at 3:00 p.m. Moscow Time, as part of the business program of the SPIEF-2022, the Valdai Discussion Club will hold a special session titled “Self-sufficiency and cooperation: features of the modern political economy”. The Valdai…»
🌏 Central Asia is one of the few regions of the modern world where we can observe stable interstate relations as well as the absence of any serious clashes over the past 30 years.
Several important objective factors speak in favour of stability in Central Asia and negate the possibility of dangerous conflicts developing in the region.
1️⃣ First, a simple glance at the map will tell you that the states of Central Asia are in a unique geopolitical position. They are in contact with two major powers that maintain extremely friendly bilateral relations, verging on an alliance - Russia and China. Neither of these states seek to create closed military alliances in the region in order to limit each other's capabilities, or to create artificial dividing lines, as happened in post-Cold War Europe.
2️⃣ Second, even though the states of Central Asia are not yet ready to create stable permanent forms of cooperation among themselves, they are united by the presence of a constant external threat.
3️⃣ Third, all the countries of Central Asia have relatively stable political regimes and established societies that can deal with the problem of chronic poverty, a pronounced uneven distribution of income, and the lumpenisation of the population, which have hit Ukraine or Moldova. The leaders of the countries of Central Asia, of course, still have a lot to do to pursue economic development and reduce dependence on the Russian labour market and energy prices. However, for such work they have a serious base.
4️⃣ Fourth, the special relationship with Russia and the fact that Moscow has never intended to pursue a policy of "divide and rule" has played an important role in maintaining regional stability. When the countries of Central Asia gained independence, Russia never set itself the task of creating a rift in the region that would lead to permanent hostile relations between the newly independent states, in contrast to the actions of Great Britain in South Asia.
Summing up, we can say that Central Asia is really a stable ‘rear zone’ for Russia and China in the context of the conflict that is unfolding between these countries and the West, writes Timofei Bordachev, Programme Director of the Valdai Discussion Club.
#Asia_and_Eurasia #CentralAsia
@valdai_club
Several important objective factors speak in favour of stability in Central Asia and negate the possibility of dangerous conflicts developing in the region.
1️⃣ First, a simple glance at the map will tell you that the states of Central Asia are in a unique geopolitical position. They are in contact with two major powers that maintain extremely friendly bilateral relations, verging on an alliance - Russia and China. Neither of these states seek to create closed military alliances in the region in order to limit each other's capabilities, or to create artificial dividing lines, as happened in post-Cold War Europe.
2️⃣ Second, even though the states of Central Asia are not yet ready to create stable permanent forms of cooperation among themselves, they are united by the presence of a constant external threat.
3️⃣ Third, all the countries of Central Asia have relatively stable political regimes and established societies that can deal with the problem of chronic poverty, a pronounced uneven distribution of income, and the lumpenisation of the population, which have hit Ukraine or Moldova. The leaders of the countries of Central Asia, of course, still have a lot to do to pursue economic development and reduce dependence on the Russian labour market and energy prices. However, for such work they have a serious base.
4️⃣ Fourth, the special relationship with Russia and the fact that Moscow has never intended to pursue a policy of "divide and rule" has played an important role in maintaining regional stability. When the countries of Central Asia gained independence, Russia never set itself the task of creating a rift in the region that would lead to permanent hostile relations between the newly independent states, in contrast to the actions of Great Britain in South Asia.
Summing up, we can say that Central Asia is really a stable ‘rear zone’ for Russia and China in the context of the conflict that is unfolding between these countries and the West, writes Timofei Bordachev, Programme Director of the Valdai Discussion Club.
#Asia_and_Eurasia #CentralAsia
@valdai_club
Valdai Club
Reasons for Peace in Central Asia
The latest sporadic skirmishes on the border between Kyrgyzstan and Tajikistan have inevitably caused a stir in the information space and prompted emotional predictions about the possible escalation of the next outbreak of tension. However, now, as has happened…
📉💸 Stagflation is an impossible state of the economy from the point of view of classical economic theory, as it combines a sharp rise in prices with a slowdown in GDP growth.
The term was reportedly coined by Ian Macleod, a conservative politician who was never an economist, but he had served as the Minister of Health under Churchill and Minister of Labour under Eden, as well as Secretary of State for the Colonies under Macmillan. However, the term gained real world fame after the death of MacLeod in the mid-70s, when developed economies faced an Arab embargo on oil supplies due to the supply of weapons to Israel during the Yom Kippur War between Israel and a coalition of Arab states led by Egypt and Syria.
Then, due to the cessation of supplies of Arab oil to the United States, Japan, Canada and Western Europe, OPEC production decreased by 25%, oil prices on the world market immediately jumped fourfold. Importing countries experienced an acute shortage of fuel and were forced to introduce various austerity measures, ranging from rationed distribution to the introduction of speed limits for road transport.
Although the embargo was lifted after 5 months, oil prices continued to rise throughout the 70s, making another powerful breakthrough (2.5 times) at the end of the decade after the Islamic revolution in Iran. Thus, the nominal price of oil rose by an order of magnitude during the 1970s, creating a new economic and political reality.
What is happening now is very reminiscent of the events of 50 years ago. It is true that the embargo on Russian energy resources is being introduced by consumers providing military assistance to the government of Ukraine, writes Valdai Club expert Alexei Grivach.
#Valdai_WorldEconomy #stagflation
@valdai_club
The term was reportedly coined by Ian Macleod, a conservative politician who was never an economist, but he had served as the Minister of Health under Churchill and Minister of Labour under Eden, as well as Secretary of State for the Colonies under Macmillan. However, the term gained real world fame after the death of MacLeod in the mid-70s, when developed economies faced an Arab embargo on oil supplies due to the supply of weapons to Israel during the Yom Kippur War between Israel and a coalition of Arab states led by Egypt and Syria.
Then, due to the cessation of supplies of Arab oil to the United States, Japan, Canada and Western Europe, OPEC production decreased by 25%, oil prices on the world market immediately jumped fourfold. Importing countries experienced an acute shortage of fuel and were forced to introduce various austerity measures, ranging from rationed distribution to the introduction of speed limits for road transport.
Although the embargo was lifted after 5 months, oil prices continued to rise throughout the 70s, making another powerful breakthrough (2.5 times) at the end of the decade after the Islamic revolution in Iran. Thus, the nominal price of oil rose by an order of magnitude during the 1970s, creating a new economic and political reality.
What is happening now is very reminiscent of the events of 50 years ago. It is true that the embargo on Russian energy resources is being introduced by consumers providing military assistance to the government of Ukraine, writes Valdai Club expert Alexei Grivach.
#Valdai_WorldEconomy #stagflation
@valdai_club
Valdai Club
The Ghost of Stagflation Haunts the World
The rise in energy prices last year, exacerbated by military activity in Ukraine and the sanctions war of the so-called "collective West" against Russia, brought the world back to the 1970s, when stagflation raged, first inside the UK and subsequently throughout…
🛒🚫 Food Crisis and Sanctions
On June 9, the Valdai Club hosted an expert discussion on the global food crisis.
The discussion moderator Andrey Bystritskiy, Chairman of the Board of the Foundation of the Valdai Discussion Club, asked the participants whether the food crisis has already begun in the world or whether it is still only a threat.
🔹 Oleg Kobyakov, Director of the FAO Moscow Office, noted that even before the pandemic, every twelfth person in the world was constantly hungry, and due to the pandemic, an additional 120 million people began to experience this kind of hunger. The main causes of famine throughout human history, according to Kobyakov, have been wars, natural disasters, and economic shocks disrupting supply chains. “Unfortunately, the goal of ending hunger by 2030 remains elusive,” acknowledged the FAO representative.
🔹 H. E. Mohamed Yongawo, Ambassador Extraordinary and Plenipotentiary of the Republic of Sierra Leone to the Russian Federation, sees two causes of hunger - natural and man-made. The latter include not only armed conflicts, but also, in particular, problems of transport and infrastructure, which have increased in connection with the COVID-19 pandemic. He also named urbanisation as one of the factors contributing to rising prices.
🔹 According to Nourhan ElSheikh, professor of political science at Cairo University, the global crisis that has now gripped the planet is not limited to the problem of hunger and affects all countries, including Western ones. She considers the United States and its partners primarily responsible for this situation, which is destroying global supply chains. “They aimed sanctions at Russia, but they hit themselves and the whole world,” ElSheikh said.
🔹 Ivan Timofeev, Programme Director of the Valdai Discussion Club, described the impact of anti-Russian sanctions on food security. It would seem that the sanctions affect the sector tangentially, but there is a real problem. Many individuals associated with agricultural assets have been sanctioned. In addition, sanctions affect logistics and financial transactions. And finally, the over-compliance factor plays an important role - the excessive enforcement of sanctions legislation.
🔹 Eduard Zernin, Chairman of the Board of the Union of Grain Exporters, also spoke about the invisible barriers that are breaking supply chains in the food sector. In particular, despite all the denials "from the big stands", the overseas transportation of Russian grain is difficult.
@valdai_club
On June 9, the Valdai Club hosted an expert discussion on the global food crisis.
The discussion moderator Andrey Bystritskiy, Chairman of the Board of the Foundation of the Valdai Discussion Club, asked the participants whether the food crisis has already begun in the world or whether it is still only a threat.
🔹 Oleg Kobyakov, Director of the FAO Moscow Office, noted that even before the pandemic, every twelfth person in the world was constantly hungry, and due to the pandemic, an additional 120 million people began to experience this kind of hunger. The main causes of famine throughout human history, according to Kobyakov, have been wars, natural disasters, and economic shocks disrupting supply chains. “Unfortunately, the goal of ending hunger by 2030 remains elusive,” acknowledged the FAO representative.
🔹 H. E. Mohamed Yongawo, Ambassador Extraordinary and Plenipotentiary of the Republic of Sierra Leone to the Russian Federation, sees two causes of hunger - natural and man-made. The latter include not only armed conflicts, but also, in particular, problems of transport and infrastructure, which have increased in connection with the COVID-19 pandemic. He also named urbanisation as one of the factors contributing to rising prices.
🔹 According to Nourhan ElSheikh, professor of political science at Cairo University, the global crisis that has now gripped the planet is not limited to the problem of hunger and affects all countries, including Western ones. She considers the United States and its partners primarily responsible for this situation, which is destroying global supply chains. “They aimed sanctions at Russia, but they hit themselves and the whole world,” ElSheikh said.
🔹 Ivan Timofeev, Programme Director of the Valdai Discussion Club, described the impact of anti-Russian sanctions on food security. It would seem that the sanctions affect the sector tangentially, but there is a real problem. Many individuals associated with agricultural assets have been sanctioned. In addition, sanctions affect logistics and financial transactions. And finally, the over-compliance factor plays an important role - the excessive enforcement of sanctions legislation.
🔹 Eduard Zernin, Chairman of the Board of the Union of Grain Exporters, also spoke about the invisible barriers that are breaking supply chains in the food sector. In particular, despite all the denials "from the big stands", the overseas transportation of Russian grain is difficult.
@valdai_club
Valdai Club
Food Crisis and Sanctions
On June 9, the Valdai Club hosted an expert discussion on the global food crisis. The discussion moderator Andrey Bystritskiy, Chairman of the Board of the Foundation for the Development and Support of the Valdai Discussion Club, asked the participants whether…
🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕ BRICS is going from introvert to extrovert.
In 2022 the BRICS+ format is back and is at the very center of the discussions surrounding China’s chairmanship in the grouping.
One of the novelties of China’s BRICS chairmanship in 2022 has been the launching of the extended BRICS+ meeting at the level of Ministers of Foreign Affairs that apart from the core BRICS countries also included representatives from Egypt, Nigeria, Senegal in Africa, Argentina from Latin America, Indonesia, Kazakhstan, Saudi Arabia, United Arab Emirates and Thailand.
And while the inclusion of Saudi Arabia and Indonesia may reflect their role in the G20 and overall size of their economies in the developing world, the inclusion of countries such as Senegal (chairmanship in the African Union in 2022), United Arab Emirates (chairmanship in the Gulf Cooperation Council in 2022) and Argentina (chairmanship in CELAC in 2022) is suggestive of a regional approach to building the BRICS+ platform.
The BRICS' greater global ambition raises hopes across the wide expanses of the Global South of material changes in the global economic system, writes Yaroslav Lissovolik.
#Valdai_WorldEconomy #BRICS
In 2022 the BRICS+ format is back and is at the very center of the discussions surrounding China’s chairmanship in the grouping.
One of the novelties of China’s BRICS chairmanship in 2022 has been the launching of the extended BRICS+ meeting at the level of Ministers of Foreign Affairs that apart from the core BRICS countries also included representatives from Egypt, Nigeria, Senegal in Africa, Argentina from Latin America, Indonesia, Kazakhstan, Saudi Arabia, United Arab Emirates and Thailand.
And while the inclusion of Saudi Arabia and Indonesia may reflect their role in the G20 and overall size of their economies in the developing world, the inclusion of countries such as Senegal (chairmanship in the African Union in 2022), United Arab Emirates (chairmanship in the Gulf Cooperation Council in 2022) and Argentina (chairmanship in CELAC in 2022) is suggestive of a regional approach to building the BRICS+ platform.
The BRICS' greater global ambition raises hopes across the wide expanses of the Global South of material changes in the global economic system, writes Yaroslav Lissovolik.
#Valdai_WorldEconomy #BRICS
Valdai Club
BRICS+: It’s Back With Scale and Ambition
After several years of being relegated to backstage of the BRICS agenda, in 2022 the BRICS+ format is back and is at the very center of the discussions surrounding China’s chairmanship in the grouping. With the return of the BRICS+ paradigm the BRICS is going…
🇨🇳🛤🇷🇺 If a new Russian-Chinese railway railway is built successfully, it will have at least three levels of great significance.
1️⃣ First, it will greatly enhance the depth of China-Russia strategic coordination and cooperation as well as the process of Eurasian economic integration. The railway will serve as an important strategic corridor to safeguard and consolidate the security of the industrial and supply chains of both countries.
2️⃣ Second, it will relieve the pressure on the current China-Europe freight trains. The current China-European Liner has tended to saturate, with more than 15,000 trains running in 2021, of which more than 50% are outbound through Xinjiang Horgos and reach Europe via Kazakhstan. The capacity of the existing railway is already large enough to affect further growth, and a new railway is urgently needed to relieve the pressure on Kazakhstan side.
3️⃣ Third, it will significantly promote the regional development of Russia and China. The center of gravity of the Russian economy is in the west of Eurasia, China's economic center of gravity is in the east of Eurasia. The railway will play a role in rebalancing the economic development of both countries.
The construction of a new China-Russia railway at the border of Xinjiang is a new lever to expand practical cooperation between China and Russia, writes Valdai Club expert Wang Wen.
#Asia_and_Eurasia #Xinjiang #China
@valdai_club
1️⃣ First, it will greatly enhance the depth of China-Russia strategic coordination and cooperation as well as the process of Eurasian economic integration. The railway will serve as an important strategic corridor to safeguard and consolidate the security of the industrial and supply chains of both countries.
2️⃣ Second, it will relieve the pressure on the current China-Europe freight trains. The current China-European Liner has tended to saturate, with more than 15,000 trains running in 2021, of which more than 50% are outbound through Xinjiang Horgos and reach Europe via Kazakhstan. The capacity of the existing railway is already large enough to affect further growth, and a new railway is urgently needed to relieve the pressure on Kazakhstan side.
3️⃣ Third, it will significantly promote the regional development of Russia and China. The center of gravity of the Russian economy is in the west of Eurasia, China's economic center of gravity is in the east of Eurasia. The railway will play a role in rebalancing the economic development of both countries.
The construction of a new China-Russia railway at the border of Xinjiang is a new lever to expand practical cooperation between China and Russia, writes Valdai Club expert Wang Wen.
#Asia_and_Eurasia #Xinjiang #China
@valdai_club
Valdai Club
Build a New China-Russia Railway to Accelerate Eurasian Integration
The expansion of China-Russia practical cooperation is needed now more than ever. The construction of a new China-Russia railway at the border of Xinjiang is a new lever to expand practical cooperation between China and Russia.
⛔️🍽 Food security is indivisible: it is either security for all or no security for anyone.
With the “American +” sanctions against Russia, the whole world has slipped into a severe food crisis. All countries are threatened, including the Western ones.
The United States and its partners’ sanctions are responsible for having broken the supply chains. The closure of the American and European airspace and ports to Russian aircraft and ships is one of the main reasons for the supply chain interruption that has halted the export of grain from Russia and Ukraine.
Russia is a great power, which plays a crucial role in world food and energy supply chains. Russia is also the largest exporter of fertilizers in the world, which is vital for food production. Moreover, Russia is the largest exporter of grain in the world, including wheat, shipping 37.3 million tonnes in 2021, while Ukraine is the fifth largest exporter of wheat, shipping 18.1 million tonnes in the same year. It is impossible to isolate or exclude Russia.
It is time for the Global South to have one voice and stand together for the abandonment of the American and European system of domination and superiority, writes Valdai Club expert Nourhan ElSheikh.
#EconomicStatecraft #foodcrisis #sanctions
@valdai_club
With the “American +” sanctions against Russia, the whole world has slipped into a severe food crisis. All countries are threatened, including the Western ones.
The United States and its partners’ sanctions are responsible for having broken the supply chains. The closure of the American and European airspace and ports to Russian aircraft and ships is one of the main reasons for the supply chain interruption that has halted the export of grain from Russia and Ukraine.
Russia is a great power, which plays a crucial role in world food and energy supply chains. Russia is also the largest exporter of fertilizers in the world, which is vital for food production. Moreover, Russia is the largest exporter of grain in the world, including wheat, shipping 37.3 million tonnes in 2021, while Ukraine is the fifth largest exporter of wheat, shipping 18.1 million tonnes in the same year. It is impossible to isolate or exclude Russia.
It is time for the Global South to have one voice and stand together for the abandonment of the American and European system of domination and superiority, writes Valdai Club expert Nourhan ElSheikh.
#EconomicStatecraft #foodcrisis #sanctions
@valdai_club
Valdai Club
The Global Food Crisis: Reasons and the Way Out
Although the world produces enough food to feed all of its 7.7 billion people, it has been facing a growing hunger problem. With the “American +” sanctions against Russia, the whole world has slipped into a severe food crisis. All countries are threatened…
🐻🦅 The West has every reason to fear the "Russian rebellion."
The military conflict in Ukraine today is at the nerve of relations between Russia and the West, and largely sets the tone for security policy in the Euro-Atlantic region. It also has many global implications.
In the ideological sphere, it is increasingly presented as a struggle between the liberal world order and the “rebellion of the discontented”. It is Russia that today has assumed the role of the vanguard of such a rebellion, openly challenging its Western rivals.
The success of the “Russian rebellion” may become a prologue to much more systemic challenges. Therefore, the pacification of Russia for the West has become a task that clearly goes beyond the boundaries of the post-Soviet and even the Euro-Atlantic space, writes Ivan Timofeev, Programme Director of the Valdai Discussion Club.
#EconomicStatecraft #UkraineCrisis #WorldOrder
@valdai_club
The military conflict in Ukraine today is at the nerve of relations between Russia and the West, and largely sets the tone for security policy in the Euro-Atlantic region. It also has many global implications.
In the ideological sphere, it is increasingly presented as a struggle between the liberal world order and the “rebellion of the discontented”. It is Russia that today has assumed the role of the vanguard of such a rebellion, openly challenging its Western rivals.
The success of the “Russian rebellion” may become a prologue to much more systemic challenges. Therefore, the pacification of Russia for the West has become a task that clearly goes beyond the boundaries of the post-Soviet and even the Euro-Atlantic space, writes Ivan Timofeev, Programme Director of the Valdai Discussion Club.
#EconomicStatecraft #UkraineCrisis #WorldOrder
@valdai_club
Valdai Club
'Russian Rebellion': Local and Global Consequences
The military conflict in Ukraine today is at the nerve of relations between Russia and the West, and largely sets the tone for security policy in the Euro-Atlantic region. It also has many global implications. In the ideological sphere, it is increasingly…
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💡 What is the difference between energy efficiency and energy saving?
💡 Which of these strategies will help to reduce energy risks in the future?
💡 How quickly can society shift to new technologies?
You can find out more about these things and more from our video infographic "Energy Efficiency and Energy Saving".
👉 This infographic was prepared especially for tomorrow's special session of the Valdai Club within the framework of the SPIEF-2022, titled “Self-sufficiency and cooperation: features of the modern political economy”.
#valdai_infographics #energy #SPIEF
@valdai_club
💡 Which of these strategies will help to reduce energy risks in the future?
💡 How quickly can society shift to new technologies?
You can find out more about these things and more from our video infographic "Energy Efficiency and Energy Saving".
👉 This infographic was prepared especially for tomorrow's special session of the Valdai Club within the framework of the SPIEF-2022, titled “Self-sufficiency and cooperation: features of the modern political economy”.
#valdai_infographics #energy #SPIEF
@valdai_club
🗽💾 Traditionally, Americans have been less eager to put pressure on Big Tech than, for example, the Europeans, who introduced the General Data Protection Regulation (GDPR) in 2018; it was followed by the Digital Markets Act (DMA) and the Digital Service Act (DSA).
There are several reasons for America’s soft attitude towards the dominant companies:
1️⃣ First, the intellectual basis of U.S. antitrust policy over the past 40 years has largely been based on the ideas of the Chicago school of economics, according to which it is inappropriate for the state to overregulate companies if they show economic efficiency and do not violate the interests of consumers.
2️⃣ Second, Americans profess the "California model" of Internet governance, which also implies minimal government intervention in the affairs of Silicon Valley companies.
3️⃣ Third, one can note the close relationship between government structures and private business. Such a connection is provided both by the phenomenon of “revolving doors” (when civil servants go to work in corporations and vice versa), and by the active lobbying activities of corporations. The American "Tech five" actively interact with the US Congress and the European Parliament, allocating impressive amounts for lobbying and hiring personnel with political connections.
4️⃣ Finally, given the fragmentation of the political and economic space, techno-economic blocs are being formed, which are precisely centred on such tech giants. They are the ones who provide America with economic and technological leadership, dominance and influence in the global digital space, which explains the cautious attitude of the authorities towards the industry.
It is likely that the global leadership of the EU in the field of technical regulation could potentially spur the US government to take more active steps. The status of the US as a leader in the field of digital products and services is threatened when policies and rules in the digital marketplace are determined by other states, writes Anastasia Tolstukhina, Program Manager and Website Editor at the Russian International Affairs Council (RIAC).
#EconomicStatecraft #BigTech
@valdai_club
There are several reasons for America’s soft attitude towards the dominant companies:
1️⃣ First, the intellectual basis of U.S. antitrust policy over the past 40 years has largely been based on the ideas of the Chicago school of economics, according to which it is inappropriate for the state to overregulate companies if they show economic efficiency and do not violate the interests of consumers.
2️⃣ Second, Americans profess the "California model" of Internet governance, which also implies minimal government intervention in the affairs of Silicon Valley companies.
3️⃣ Third, one can note the close relationship between government structures and private business. Such a connection is provided both by the phenomenon of “revolving doors” (when civil servants go to work in corporations and vice versa), and by the active lobbying activities of corporations. The American "Tech five" actively interact with the US Congress and the European Parliament, allocating impressive amounts for lobbying and hiring personnel with political connections.
4️⃣ Finally, given the fragmentation of the political and economic space, techno-economic blocs are being formed, which are precisely centred on such tech giants. They are the ones who provide America with economic and technological leadership, dominance and influence in the global digital space, which explains the cautious attitude of the authorities towards the industry.
It is likely that the global leadership of the EU in the field of technical regulation could potentially spur the US government to take more active steps. The status of the US as a leader in the field of digital products and services is threatened when policies and rules in the digital marketplace are determined by other states, writes Anastasia Tolstukhina, Program Manager and Website Editor at the Russian International Affairs Council (RIAC).
#EconomicStatecraft #BigTech
@valdai_club
Valdai Club
American Big Tech: No Rules
Over the past few years, a long-term trend towards the regulation of technology giants has clearly emerged in many countries throughout the world. Interestingly, attempts to curb Big Tech are being made in the United States itself, where corporate headquarters…
⏰ TODAY at 3:00 p.m. Moscow Time, as part of the business program of the SPIEF-2022, the Valdai Discussion Club will hold a special session titled “Self-sufficiency and cooperation: features of the modern political economy”.
The participants of the Valdai Club session will consider the following issues:
❓What does self-sufficiency mean in the modern world?
❓How does it combine with interaction in various formats?
❓How will the transformation of globalisation end?
❓On what principles will relations between the West and non-Western countries be built, taking into account the crisis of Western international institutions?
A link to the live broadcast of the session will be posted on all online platforms of the Valdai Club: on the website, Twitter, VKontakte and Telegram.
#valdaiclub #SPIEF
@valdai_club
The participants of the Valdai Club session will consider the following issues:
❓What does self-sufficiency mean in the modern world?
❓How does it combine with interaction in various formats?
❓How will the transformation of globalisation end?
❓On what principles will relations between the West and non-Western countries be built, taking into account the crisis of Western international institutions?
A link to the live broadcast of the session will be posted on all online platforms of the Valdai Club: on the website, Twitter, VKontakte and Telegram.
#valdaiclub #SPIEF
@valdai_club
🌐➖🇷🇺 Is sustainable globalisation possible without Russia?
A harsh sanctions response to the military conflict in Ukraine has become a reality. In the future, its real consequences will become clear: whether Russia itself will actually be able to withstand the pressure of sanctions, and whether the West and the global economic system will retain the ability to grow and develop a sustainable economy without Russia.
If we talk about the specific challenges of globalisation stemming from the current conflict, then in the short and medium term they are obvious, and they are being talked about a lot now:
⚠️ the global food crisis
⚠️ the lack of energy resources
⚠️ the resulting rise in prices, inflation and living standards
⚠️ the disruption of global supply chains
All this can lead to serious social discontent in various countries of the global West and South. In the longer term, the undermining of confidence in the dollar and the inviolability of the private property of foreigners in Western countries may become a no-less-significant issue.
There have already been many examples in history of Russia setting up large-scale socio-economic experiments domestically. Now we are all witnessing how another such experiment is developing - globalisation without Russia, writes Oleg Barabanov, Programme Director of the Valdai Discussion Club.
📍The article was prepared especially for today's special session of the Valdai Club within the framework of the SPIEF-2022, titled “Self-sufficiency and cooperation: features of the modern political economy”. Watch it live at 3 p.m. Moscow time.
#Norms_and_Values #globalisation #SPIEF
@valdai_club
A harsh sanctions response to the military conflict in Ukraine has become a reality. In the future, its real consequences will become clear: whether Russia itself will actually be able to withstand the pressure of sanctions, and whether the West and the global economic system will retain the ability to grow and develop a sustainable economy without Russia.
If we talk about the specific challenges of globalisation stemming from the current conflict, then in the short and medium term they are obvious, and they are being talked about a lot now:
⚠️ the global food crisis
⚠️ the lack of energy resources
⚠️ the resulting rise in prices, inflation and living standards
⚠️ the disruption of global supply chains
All this can lead to serious social discontent in various countries of the global West and South. In the longer term, the undermining of confidence in the dollar and the inviolability of the private property of foreigners in Western countries may become a no-less-significant issue.
There have already been many examples in history of Russia setting up large-scale socio-economic experiments domestically. Now we are all witnessing how another such experiment is developing - globalisation without Russia, writes Oleg Barabanov, Programme Director of the Valdai Discussion Club.
📍The article was prepared especially for today's special session of the Valdai Club within the framework of the SPIEF-2022, titled “Self-sufficiency and cooperation: features of the modern political economy”. Watch it live at 3 p.m. Moscow time.
#Norms_and_Values #globalisation #SPIEF
@valdai_club
Valdai Club
Globalisation Without Russia
The economic consequences of the events taking place after February 24, in our opinion, can be reduced to one simple formula: is sustainable globalisation possible without Russia? The question really is only whether Russia is such a large country, and its…
UPD: The livestream is over. The video of the discussion is available via the same link. Stay tuned!
🎥 LIVE: at 3:00 p.m. Moscow Time, the Valdai Discussion Club is starting a special session titled “Self-sufficiency and cooperation: features of the modern political economy”, within the framework of the #SPIEF-2022.
https://valdaiclub.com/multimedia/video/self-sufficiency-and-cooperation-features-of-the-modern-political-economy/
#valdaiclub #SPIEF2022
@valdai_club
🎥 LIVE: at 3:00 p.m. Moscow Time, the Valdai Discussion Club is starting a special session titled “Self-sufficiency and cooperation: features of the modern political economy”, within the framework of the #SPIEF-2022.
https://valdaiclub.com/multimedia/video/self-sufficiency-and-cooperation-features-of-the-modern-political-economy/
#valdaiclub #SPIEF2022
@valdai_club
Valdai Club
LIVE: Self-sufficiency and cooperation: features of the modern political economy. Session of the Valdai Discussion Club at the…
On June 16 at 15:00, as part of the business program of the SPIEF-2022, the Valdai Discussion Club will hold a special session titled “Self-sufficiency and cooperation: features of the modern political economy”.
Valdai Discussion Club pinned «UPD: The livestream is over. The video of the discussion is available via the same link. Stay tuned! 🎥 LIVE: at 3:00 p.m. Moscow Time, the Valdai Discussion Club is starting a special session titled “Self-sufficiency and cooperation: features of the modern…»
📷 On June 16, the Valdai Club held a special session titled “Self-sufficiency and cooperation: features of the modern political economy”, within the framework of the #SPIEF-2022.
Photo gallery of the discussion is available in our VK account.
The video of the discussion is available via this link.
#valdaiclub #SPIEF2022
@valdai_club
Photo gallery of the discussion is available in our VK account.
The video of the discussion is available via this link.
#valdaiclub #SPIEF2022
@valdai_club
🌊 Oceans and Global Transformation: What Kind of Fleet Does Russia and the World Need?
Two years ago, the pandemic exposed the critical vulnerability of the world economy to disruption of maritime transport. Today, with the biggest economic war in history in the West and quarantine restrictions in the East, international maritime trade is under unprecedented pressure.
Restrictions on freedom of navigation, which accounts for up to 90 per cent of all the world's moving cargo, have multiplied costs, disrupted routes tried and tested for decades, and ramped up inflation everywhere.
The Russian merchant fleet is faced with widespread sanctions pressure caused by the desire to exclude the country from global logistics chains.
Under these circumstances, the task of building a new connectivity of countries and regions comes to the fore. This will require the reopening of inland waterways and the accelerated development of promising maritime routes and a new fleet to operate and service them.
📍The session "Oceans and Global Transformation: What Kind of Fleet Does Russia and the World Need?", moderated by Valdai Club Programme Director Ivan Timofeev, was held today, on June 16, as part of the St Petersburg Economic Forum.
#valdaiclub #SPIEF2022
@valdai_club
Two years ago, the pandemic exposed the critical vulnerability of the world economy to disruption of maritime transport. Today, with the biggest economic war in history in the West and quarantine restrictions in the East, international maritime trade is under unprecedented pressure.
Restrictions on freedom of navigation, which accounts for up to 90 per cent of all the world's moving cargo, have multiplied costs, disrupted routes tried and tested for decades, and ramped up inflation everywhere.
The Russian merchant fleet is faced with widespread sanctions pressure caused by the desire to exclude the country from global logistics chains.
Under these circumstances, the task of building a new connectivity of countries and regions comes to the fore. This will require the reopening of inland waterways and the accelerated development of promising maritime routes and a new fleet to operate and service them.
📍The session "Oceans and Global Transformation: What Kind of Fleet Does Russia and the World Need?", moderated by Valdai Club Programme Director Ivan Timofeev, was held today, on June 16, as part of the St Petersburg Economic Forum.
#valdaiclub #SPIEF2022
@valdai_club
Valdai Club
Oceans and Global Transformation: What Kind of Fleet Does Russia and the World Need?
The session, moderated by Valdai Club Programme Director Ivan Timofeev, was held on June 16, as part of the St Petersburg Economic Forum.
💎 Our infographic "Self-Sufficient Countries of the World" is devoted to today's special session of the Valdai Club “Self-sufficiency and cooperation: features of the modern political economy” within the framework of the #SPIEF2022.
The video of the discussion is available via this link.
#valdai_infographics #SPIEF
@valdai_club
The video of the discussion is available via this link.
#valdai_infographics #SPIEF
@valdai_club
🗺 Globalisation Is Set to Continue, but According to New Rules
On Thursday, June 16, a Valdai Club session, titled “Self-sufficiency and Cooperation: Features of Modern Political Economy”, was held as part of the business programme of the St. Petersburg International Economic Forum 2022.
The participants in the session, moderated by Fyodor Lukyanov, Research Director of the Valdai Club, discussed the restructuring of the global economic system, which has demonstrated the need for self-sufficiency and the inevitability of cooperation.
💬 Rasigan Maharajh, Director of the Institute for Economic Research on Innovation at the Tshwane University of Technology (South Africa), raised the topic of global inequality, which was recently highlighted by the coronavirus pandemic. He compared unequal access to vaccines to apartheid, pointing out that the price of a vaccine dose in Africa, the poorest continent, is the highest in the world.
💬 According to Jacques Sapir, director of research at the Paris School of Social Sciences (EHESS), the pandemic has put the final nail in the coffin of globalisation. The very idea of free trade has been called into question. Already today we see that the notion of global trade is actually crumbling under the sanctions. Therefore, self-sufficiency will become a priority for an increasing number of states.
💬 The subject of curtailing globalisation was also touched upon by Vladimir Chizhov, Ambassador Extraordinary and Plenipotentiary, Permanent Representative of the Russian Federation to the European Union. According to him, the world has recently faced a number of global challenges: “one may call it a ‘perfect storm’, while another uses other epithets, but this is definitely not the ‘end of history’.” Chizhov said that these challenges include the vaccine race that unfolded during the pandemic; the persistent drive of the European Union to abandon the system of long-term contracts for the supply of energy, which resulted in a price hike; food security; as well as the problem of IT giants, which neither the US nor the EU can cope with. The West’s response to this set of problems has been a search for a culprit, which Russia was declared to be, but this does not help solve the problems.
💬 If we are talking about globalisation according to Western rules, then it is really winding down, said Wang Wen, Executive Dean of the Chongyang Institute for Financial Studies (RDCY), Deputy Dean of the Silk Road School, Renmin University of China. The way the US influences global trends winds up pushing non-Western countries towards self-sufficiency. However, while striving for less dependence on the US, they must simultaneously think about cooperation and the advantages of the global market. Future globalisation will be more balanced and inclusive, Wang Wen said.
💬 According to Stanislav Georgievsky, Vice President of the Russian Export Center, the creation of a second and third security loop will be one of the motives for making decisions on trade blocs and joint investments in the face of a possible disconnection of non-Western countries from systems such as SWIFT.
💬 Sanctions are harmful, but inefficient, said Bijan Khajehpour, managing partner of Eurasian Nexus Partners (EUNEPA), an Iranian consulting company. They are inefficient in the sense that they affect society and the economy and cause real damage, but do not achieve their goals. Iran is a vivid example of the fact that it is impossible to change a country with sanctions.
https://valdaiclub.com/events/posts/articles/globalisation-is-set-to-continue-but-according-to-new-rules/
#SPIEF #SPIEF2022 #globalisation #sanctions
@valdai_club
On Thursday, June 16, a Valdai Club session, titled “Self-sufficiency and Cooperation: Features of Modern Political Economy”, was held as part of the business programme of the St. Petersburg International Economic Forum 2022.
The participants in the session, moderated by Fyodor Lukyanov, Research Director of the Valdai Club, discussed the restructuring of the global economic system, which has demonstrated the need for self-sufficiency and the inevitability of cooperation.
💬 Rasigan Maharajh, Director of the Institute for Economic Research on Innovation at the Tshwane University of Technology (South Africa), raised the topic of global inequality, which was recently highlighted by the coronavirus pandemic. He compared unequal access to vaccines to apartheid, pointing out that the price of a vaccine dose in Africa, the poorest continent, is the highest in the world.
💬 According to Jacques Sapir, director of research at the Paris School of Social Sciences (EHESS), the pandemic has put the final nail in the coffin of globalisation. The very idea of free trade has been called into question. Already today we see that the notion of global trade is actually crumbling under the sanctions. Therefore, self-sufficiency will become a priority for an increasing number of states.
💬 The subject of curtailing globalisation was also touched upon by Vladimir Chizhov, Ambassador Extraordinary and Plenipotentiary, Permanent Representative of the Russian Federation to the European Union. According to him, the world has recently faced a number of global challenges: “one may call it a ‘perfect storm’, while another uses other epithets, but this is definitely not the ‘end of history’.” Chizhov said that these challenges include the vaccine race that unfolded during the pandemic; the persistent drive of the European Union to abandon the system of long-term contracts for the supply of energy, which resulted in a price hike; food security; as well as the problem of IT giants, which neither the US nor the EU can cope with. The West’s response to this set of problems has been a search for a culprit, which Russia was declared to be, but this does not help solve the problems.
💬 If we are talking about globalisation according to Western rules, then it is really winding down, said Wang Wen, Executive Dean of the Chongyang Institute for Financial Studies (RDCY), Deputy Dean of the Silk Road School, Renmin University of China. The way the US influences global trends winds up pushing non-Western countries towards self-sufficiency. However, while striving for less dependence on the US, they must simultaneously think about cooperation and the advantages of the global market. Future globalisation will be more balanced and inclusive, Wang Wen said.
💬 According to Stanislav Georgievsky, Vice President of the Russian Export Center, the creation of a second and third security loop will be one of the motives for making decisions on trade blocs and joint investments in the face of a possible disconnection of non-Western countries from systems such as SWIFT.
💬 Sanctions are harmful, but inefficient, said Bijan Khajehpour, managing partner of Eurasian Nexus Partners (EUNEPA), an Iranian consulting company. They are inefficient in the sense that they affect society and the economy and cause real damage, but do not achieve their goals. Iran is a vivid example of the fact that it is impossible to change a country with sanctions.
https://valdaiclub.com/events/posts/articles/globalisation-is-set-to-continue-but-according-to-new-rules/
#SPIEF #SPIEF2022 #globalisation #sanctions
@valdai_club
Valdai Club
Globalisation Is Set to Continue, but According to New Rules
On Thursday, June 16, a Valdai Club session, titled “Self-sufficiency and Cooperation: Features of Modern Political Economy”, was held as part of the business programme of the St. Petersburg International Economic Forum 2022.