Competitiveness Advisors in Emerging and Frontier Markets

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Emerging Markets Outlook

Shock Therapy and the Russian War on Ukraine

Professor Jeffrey Sachs joins his voice to the chorus that blames Russia’s invasion of Ukraine on NATO expansionism, by which he really means American expansionism. Given his experience as the inventor of “shock therapy” – “rapidly unleashing market forces [as] the way to electrocute the old Soviet system and jolt Russia into embracing capitalism”, he should know better

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Charles Krakoff