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Charles and Louis-Vincent Gave — Gavekal On The Coming Clash Of Empires: Russia’s Role As A Global Game-Changer

Summary:
This is an interesting analysis from the POV of globalization, the global economy, geopolitics, geostrategy and political economy.  I am not endorsing the analysis itself, although it is plausible and makes many good points such as the geopolitical conflict between sea-power or thalassocracy, and land-power or tellurocracy.  While the specifics are interesting, the method of analysis is much more significant. The chief reason I am posting it is to show how developing an entire economic outlook based on microeconomics, as conventional economics tends to do, is insufficient, since there are many non-economic factors and forces in play that need to be taken into account. Political economy has to take much more into account. Any such analysis is contingent on decisions taken in

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This is an interesting analysis from the POV of globalization, the global economy, geopolitics, geostrategy and political economy.  I am not endorsing the analysis itself, although it is plausible and makes many good points such as the geopolitical conflict between sea-power or thalassocracy, and land-power or tellurocracy. 

While the specifics are interesting, the method of analysis is much more significant.

The chief reason I am posting it is to show how developing an entire economic outlook based on microeconomics, as conventional economics tends to do, is insufficient, since there are many non-economic factors and forces in play that need to be taken into account. Political economy has to take much more into account.

Any such analysis is contingent on decisions taken in the future as the players adapt to each others' moves on the grand chessboard.

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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