Valdai Club

2018

Between Openness and Restrictions: Shifting Balance of Power and Russia’s Strategy in the Global Economy

Yaroslav Lissovolik

An economic expert

The global economy undergoes dramatic changes in the balance of power. China assumes leadership in the global liberalization process, making massive investments in infrastructure projects around the globe. Russia devises a new strategy to confront the challenges linked with sanctions imposed against the country. It builds up a new network of alliances to take advantage of opportunities that the turn to the East and Eurasian integration projects open up. What does the new balance of economic powers bring about? Who will be able to benefit from it?

Opinions

Imago Mundi: A South-South Concert of Continents

In exploring the barriers to growth in the world economy one striking feature is the difference between developed and developing economies in terms of the scale and depth of economic integration. This is not necessarily limited to the number of trade agreements concluded by advanced economies vs developing nations, but relates to the broader qualitative challenges in the patterns of South-South cooperation.

Yaroslav Lissovolik

Reports

Building with BRICS and BEAMS: A Constructivist Approach to Global Economic Architecture

The stark realities of the world descending into a vortex of sanctions and protectionism have already given rise to a number of initiatives in the developing world targeting the creation of alternative institutions and integration groupings that would to some degree provide for additional venues for openness and liberalization across the developing world. Some of the key initiatives in this area included the launching of the BRICS+ format by China at the BRICS summit and its further development by South Africa during its chairmanship in BRICS in 2018.

Yaroslav Lissovolik

Blokchain and Cryptocurrencies: Trends and Prospects

The rapid expansion of cryptocurrencies and blockchain technology have caused a great stir around the globe. While people attempt to ‘catch the last train’ making money on cryptocurrencies, states seek to respond to the challenge and benefit from these technological advances.

Kristina Ivanova, Vladimir Sokolov, Polina Uvarova

Valdai Papers

Trumponomics: The Erosion of Pax Americana and Slowdown of Globalization

Globalization no longer serves American interests. In a bid to reverse the trend, the US administration took on the policy called ‘Trumponomics’, which manifests itself in protectionism.

Alexander Losev