Political risk must-reads
Eurasia Group’s weekly selection of essential reading for the political risk junkie â€“ presented in no particular order. As always, feel free to give us your feedback or selectionsÂ @EurasiaGroupÂ orÂ @IanBremmer.
1. â€śThe New Power Map: World Politics After the Boom in Unconventional Energy,â€ťÂ Aviezer Tucker,Â Foreign Affairs
Unconventional energy plays in North America are fundamentally changing energy markets â€“ and, therefore, international politics.Â Instead of focusing on the good news for the US and Canada, Tucker makes a compelling case that Russia is in big trouble.
2. â€śTransatlantic trade talks near lift-off,â€ťÂ Alan Beattie and Joshua Chaffin,Â Financial Times
A U.S.-E.U. transatlantic trade deal â€“ which some have dubbed an â€śEconomic NATOâ€ť â€“ is no longer the negotiating equivalent of â€śputting an astronaut on Mars.â€ťÂ But as progress is made, serious obstacles emerge.
3. â€śJapan Explores War Scenarios with China,â€ťÂ J. Michael Cole,Â The Diplomat
Of five recent security scenarios explored by Japanâ€™s defense ministry, three focus on threats from China.Â Consider, for example, how Japan might respond to a Chinese invasion of Taiwan.
4. â€śAdministration Spends More on Immigration Than all Other Federal Law Enforcement Combined,â€ťÂ Abi Ohlheiser,Â Slate
The costs of immigration enforcement are staggering â€“ as are deportation figures, which have ballooned from 30,000 in 1990 to almost 400,000 in 2011.Â This piece spells out some of the most jaw-dropping statistics and the wider reach that immigration enforcement has within the American system.Â TheÂ full reportÂ from the Migration Policy Institute makes for a compelling (longer) read.
Out of Left Field
5. â€śDrone-proof clothing shelters from surveillance,â€ťÂ Natasha Lennard,Â Salon
Who said political risk canâ€™t be chic â€“ and that fashion canâ€™t be deadly?Â Check out this designerâ€™s surveillance-proof clothing line.Â
6. â€śThe Economics of Smaug,â€ťÂ John Carney,Â CNBC
(Nerd alert) And who says macroeconomics canâ€™t be fantastical?Â Hereâ€™s a look at a very odd debate thatâ€™s been unfolding in recent weeks. The topic: the macroeconomic impact of a tightening money supplyâ€¦in the fictional world of J.R.R. Tolkien (due to a dragon hoarding gold for 150 years). Middle Earth macroeconomics is debated with a diligence and creativity that could be of use in assessing Earthâ€™s monetary woes.Â Â Here’sÂ the original thread that sparked the conversation.