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Russian sanctions: the view from the car market — Philip Pilkington

Summary:
In the 1990s, the West used to see its economic influence in countries like Russia as a victory and a show of Western power. This was always the correct view. Now our leaders see the exclusion of Western products from foreign markets as a victory. This is such a muddled view it is almost comical. It is the sort of view that shows how ill-prepared our leadership class are for navigating the new multipolar world....Import substitution domestically and internationally importing from friendly countries, like China. India will also want to be in the market. Inadvertently, sanctions are contributed to realignment and multipolarism as the West loses markets and influence.MacrocosmRussian sanctions: the view from the car marketPhilip Pilkington

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In the 1990s, the West used to see its economic influence in countries like Russia as a victory and a show of Western power. This was always the correct view. Now our leaders see the exclusion of Western products from foreign markets as a victory. This is such a muddled view it is almost comical. It is the sort of view that shows how ill-prepared our leadership class are for navigating the new multipolar world....
Import substitution domestically and internationally importing from friendly countries, like China. India will also want to be in the market. Inadvertently, sanctions are contributed to realignment and multipolarism as the West loses markets and influence.

Macrocosm
Russian sanctions: the view from the car market

Philip Pilkington
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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