Attention Economy


Tuesday, March 22, 2022

The Mirage of the Rules-Based Order

What Rule-Based International Order?
https://bostonreview.net/articles/what-rule-based-international-order/
Putin’s war in Ukraine breaks the rules, but powerful states always do. Far from dying, a just global order remains to be built.
 
Putin’s war and the mirage of the rules-based order
https://www.aspistrategist.org.au/putins-war-and-the-mirage-of-the-rules-based-order/
Leaders and observers around the world often speak of strengthening or defending the ‘rules-based international order’. But that order was always more aspirational than real. Countries that possess military or economic might reserve the right not only to make and enforce the rules, but also to break them.
 
Western Hypocrisy: Targeting India for buying Russian oil smacks of hypocrisy
https://www.dw.com/en/opinion-targeting-india-for-buying-russian-oil-smacks-of-hypocrisy/a-61212821
Ashutosh Pandey:
If anything, it's the manner in which sanctions are adopted unilaterally by the world's richest and most powerful countries that should be called out.
For far too long, Western countries, led by the US, have slapped sanctions on governments without consulting their economically weaker allies or studying their impact on other countries. The West must come up with ways to reduce the burden of sanctions on others to ensure they have an incentive to tag along.
Otherwise, sanctions in support of one country make less sense if they lead to hardships elsewhere, as we are seeing in Egypt, where people are struggling to put bread on their plates; or India, where exporters are waiting for over $500 million in payments from Russian clients unable to use the SWIFT payments system.