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
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful
How American bankers dodged the MAGA carnage
The masters of the universe have escaped an anti-globalist revolt
China’s financial system is under brutal pressure
When will something break?