Globalization has grown rapidly since World War II, but its foundations are fragile. Income inequality has risen in nearly every country of the world, and a groundswell of national populism reflects that. The fragmentation of the world economy into more regionalized trading blocs will affect the United States and Russia differently, and the effects on their relations with each other are uncertain. So long as American and European sanctions are in place, the prospects for U.S.-Russia economic cooperation in a deglobalizing world are limited.
The Working Group on the Future of U.S.-Russia Relations, a bilateral collective of rising experts from American and Russian institutions, announces the publication of its eighth joint report: “The Fragmentation of the Global Economy and U.S.-Russia Relations.” Coauthored by Rawi Abdelal (Harvard Business School) and Igor Makarov (Higher School of Economics, Moscow), the paper address the ways in which the United States and Russia could play a coordinated and positive role in maintaining the sustainability of the world economic order that nowadays faces one of the strongest transformations in modern history.
The complete text of this report and other bilateral papers is accessible on the Working Group’s website: http://us-russiafuture.org.