Economic sanctions on Russia are not working. In a deep dive we commissioned from Oxford Economics on the effectiveness of trade sanctions, the case study on Russia showed that while Russian trade fell sharply on the initial imposition of sanctions after its invasion of Ukraine, imports and exports have largely recovered to pre-war levels as China, India, and others find new ways to keep trading with Moscow. The econometric analysis, based on our Hinrich-IMD Sustainable Trade Index, shows the geopolitical stalemate that stems from ineffective policing of sanctions.
China was the talk of the G7 summit, which wrapped Sunday in Hiroshima. Our Senior Research Fellow Stephen Olson breaks down what the Group’s convoluted communiqué really means.
In this special edition of Current Accounts, the Hinrich Foundation's podcast, former US congressman Charles Boustany leads a discussion on how things have changed since the last time Washington chaired APEC in 2011. This year, as the US again takes on the group’s chair, Washington will have to think hard about how it can show leadership in the Indo-Pacific, which is awaiting cues on how US economic engagement in the region might strategically change.
Raw materials, including metals, minerals, and ores, are critical to building the “green” technologies and systems required for a transition away from dependency on fossil fuels. This OECD report examines economic dependencies for these resources. Learn how to apply the key insights with our guide.
The post-World War II economic order has undergone considerable shifts. In our recently concluded open house, Senior Research Fellow Stephen Olson takes us through the seven shockwaves that threaten to change the existing rules-based trading system and make trade less global, more fragmented, and increasingly contentious.
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