Hamish McRae: This is not a new Cold War. These new upgraded, “phase three” economic sanctions will not suddenly bring Russia to its k…

Hamish McRae in the Independent.

This is not a new Cold War. These new upgraded, “phase three” economic sanctions will not suddenly bring Russia to its knees. But what they will do, coupled with Russia’s response to them, is make it impossible for Russia to escape the middle income trap – stop it from turning itself into a fully developed economy, with all the wealth and other benefits that western Europe enjoys, and its former satellites in eastern Europe are now acquiring.

http://ift.tt/1nEHUAM

— A Feed from the Moon

— Delivered by Feed43 service

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.