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<a href=" http://bikinginbarcelona.net/payday-loans-in-nevada/ ">cash advance dc</a> But the problem isnât U.S.-Russia: itâs Russia itself. (Thatâs in stark contrast with U.S.-China relations, where there are material issues in the bilateral dynamic itself that make the partnership much feebler than the sum of its parts). Today, the situation in Russia makes unpredictable foreign policy decisions increasingly inevitable. Institutions have been undermined by corruption and a centralization of power at the very top. We see massive brain drain and capital flight. On top of that, Russia’s vast energy wealth is now looking like it will be less useful long-term than had been presumed. Thatâs in part because of the North American energy revolution that looks set to keep expanding supply. Putinâs response to all of this? Rather than opting for reform, he has decided to double down, tightening his control and letting the budget balloon to levels where ever-higher oil prices are needed for it to be balanced. This shortsighted approach can provide greater stability now, but it just exacerbates the worsening prospects for Russia in terms of diplomacy and economic trajectory down the road.
Submitted by Anonymous (not verified) on Tue, 10/28/2014 - 05:11 to Relationships |
