Valdai Club

The possibilities offered by the “integration of integrations” track for BRICS+ are substantial, provided that such a platform is open, inclusive and ensures connectivity across regional integration arrangements – this will deliver the much needed “multiplier effect” in the process of economic cooperation and can set off a new process of globalization that connects regional arrangements in the developed and the developing world, writes Valdai Club Programme Director Yaroslav Lissovolik.

Even if globalisation is waning, and even if the old world order has been irrevocably scrapped, few large non-Western countries are prepared to sever ties with the West for the sake of Russia regardless of their own revisionist ambitions, writes Valdai Club Programe Director Oleg Barabanov.

The opposition between two groups of countries is threatening us with the risk of a global war. But war has probably already begun in the economic field. Through sanctions and counter-sanctions we are seeing the global trade framework collapsing. Other issues are to be taken in account for next years, and most of all global warming. Could self-sufficiency be a solution? And, much more important, could self-sufficiency be still practicable? Jacques Sapir, Director of Studies at École des Hautes Études en Sciences Sociales (EHESS), tries to answer these questions in his presentation at the SPIEF-2022.

Russia should be prepared for the fact that the process of economic convergence will be difficult. The risk of secondary US sanctions against Chinese companies should be taken very seriously, writes Valdai Club Programme Director Ivan Timofeev.

In recent years, the United States has used high-tech, dollars, and trade as weapons to block and sanction emerging countries such as Russia and China, forcing more and more developing countries to consider the issue of “self-sufficiency”. From this perspective, the United States is the biggest troublemaker of globalization, writes Valdai Club expert Wang Wen.

At this stage of history’s development, a version of the Treaty of Westphalia shaped on today’s reality is needed, with international institutions capable of governing a shared order, writes Valdai Club expert Dario Velo.

Sanctions against Patriarch Kirill make the conflict between Russia and the West a clash of religious values, writes Valdai Club Programme Director Ivan Timofeev.

The recent events in Ukraine have marked the expiry of the New World Order, as Bush defined it, and the beginning of a new era in relations between nations, an era which had long been known to many people around the world, writes Mandana Tishehyar, Faculty Member at the ECO College of Insurance, Allameh Tabataba’i University in Tehran.

The economic consequences of the events taking place after February 24, in our opinion, can be reduced to one simple formula: is sustainable globalisation possible without Russia? The question really is only whether Russia is such a large country, and its export resources so significant on a global scale, that excluding Russia will have irreversible consequences for the dynamics of globalisation as a whole.

Over the past few years, a long-term trend towards the regulation of technology giants has clearly emerged in many countries throughout the world. Interestingly, attempts to curb Big Tech are being made in the United States itself, where corporate headquarters are located. The Big 5 tech companies are well-known to everyone – Microsoft, Amazon, Meta (banned in Russia), Alphabet and Apple.