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[Most Recent Quotes from www.kitco.com]

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Fostering Interdependence

Robert Amsterdam (October 13th, 2008) Writes:
This idea comes from a column by Aleh Tsyvinski in the Moscow Times: Trying to erect an Iron Curtain around Russian funds and businesses will prove counterproductive. Indeed, a large-scale "invasion" of Russian business would be a positive development, because it would foster economic interdependence. This is true even if the economic expansion is led by state-owned companies and by Russian wealth funds. By investing in U.S. and European assets, Russia's government and business elites are buying a stake in the global economy. This should bring better mutual understanding and a more rational and accountable foreign policy. Sure, sounds great, but what kind of companies are we talking about, and who would the prospective owners be? The private sector getting into debt markets, or some yet to be created Ministry of Foreign Holdings looking for energy and defense? Most importantly, exactly who is refusing investment from abroad right now ...

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