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“There was always a possibility that sanctions uncertainty leads to overcompliance. But this has happened with Russian oil beyond what many thought would be the case,” said Jason Bordoff of the Center on Global Energy Policy.
"Critics claimed that while corporations have returned to normal levels of activity, unemployment, poverty and distress among MSMEs continues to rise," Arvind Panagariya writes.
“The war in Ukraine has once again shown that the veto power wielded by the United Nations Security Council’s five permanent members is a major obstacle to peace,” José Antonio Ocampo co-writes.
"In response to the aggression against Ukraine, the United States, the European Union and democratic states across the globe have frozen the assets of Russian President Vladimir Putin and his oligarchic cronies. This has clearly failed to halt the onslaught. The question is what to do now," Michael Doyle co-writes.
Malaysia's new political party is out to get the youth vote. If successful, it could prove a disruptor and threat to Anwar's PKR—Joshua Wan MPA '23 co-writes.
Jeffrey Sachs is interviewed about the Russian invasion of Ukraine.
“Economists should not blame the Bank of Japan’s monetary policies for the yen’s declining purchasing power. It is flatlining productivity in tradable sectors and stagnant real wages that explain the arrival of Cheap Japan,” writes Takatoshi Ito.
“When you cut them off from American tech, they will find alternatives,” Peter Micek says on the sanctions on Russia.
“A global financial registry of the real and final individual beneficiaries would be a crucial measure to deal with illicit financial flows, including tax evasion and avoidance, money laundering, and the financing of terrorism,” José Antonio Ocampo says.
“The Federal Reserve is the most important economic institution in the U.S., and the U.S. is the most important economy in the world. To leave this many vacancies is just mind boggling to the rest of the world. It is just amazingly irresponsible,” Joseph Stiglitz comments.