Political risk must-reads
Eurasia Group’s weekly selection of essential reading for the political risk junkie ‚Äď presented in no particular order. As always, feel free to give us your feedback or selections¬†@EurasiaGroup¬†or¬†@IanBremmer.
1. ‚ÄúThe New Power Map: World Politics After the Boom in Unconventional Energy,‚ÄĚ¬†Aviezer Tucker,¬†Foreign Affairs
Unconventional energy plays in North America are fundamentally changing energy markets ‚Äď and, therefore, international politics.¬†Instead of focusing on the good news for the US and Canada, Tucker makes a compelling case that Russia is in big trouble.
2. ‚ÄúTransatlantic trade talks near lift-off,‚ÄĚ¬†Alan Beattie and Joshua Chaffin,¬†Financial Times
A U.S.-E.U. transatlantic trade deal ‚Äď which some have dubbed an ‚ÄúEconomic NATO‚ÄĚ ‚Äď is no longer the negotiating equivalent of ‚Äúputting an astronaut on Mars.‚ÄĚ¬† But as progress is made, serious obstacles emerge.
3. ‚ÄúJapan Explores War Scenarios with China,‚ÄĚ¬†J. Michael Cole,¬†The Diplomat
Of five recent security scenarios explored by Japan‚Äôs defense ministry, three focus on threats from China.¬†Consider, for example, how Japan might respond to a Chinese invasion of Taiwan.
4. ‚ÄúAdministration Spends More on Immigration Than all Other Federal Law Enforcement Combined,‚ÄĚ¬†Abi Ohlheiser,¬†Slate
The costs of immigration enforcement are staggering ‚Äď as are deportation figures, which have ballooned from 30,000 in 1990 to almost 400,000 in 2011.¬† This piece spells out some of the most jaw-dropping statistics and the wider reach that immigration enforcement has within the American system.¬† The¬†full report¬†from the Migration Policy Institute makes for a compelling (longer) read.
Out of Left Field
5. ‚ÄúDrone-proof clothing shelters from surveillance,‚ÄĚ¬†Natasha Lennard,¬†Salon
Who said political risk can‚Äôt be chic ‚Äď and that fashion can‚Äôt be deadly?¬† Check out this designer‚Äôs surveillance-proof clothing line.¬†
6. ‚ÄúThe Economics of Smaug,‚ÄĚ¬†John Carney,¬†CNBC
(Nerd alert) And who says macroeconomics can‚Äôt be fantastical?¬† Here‚Äôs a look at a very odd debate that‚Äôs been unfolding in recent weeks. The topic: the macroeconomic impact of a tightening money supply‚Ä¶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 Earth‚Äôs monetary woes.¬†¬†Here’s¬†the original thread that sparked the conversation.