3min chapter

Freakonomics Radio cover image

519. Has Globalization Failed?

Freakonomics Radio

CHAPTER

Is Russia a Battle Against Globalization?

I've read that some multinational firms are making contingency plans in case China actually goes to war over Taiwan. I'd like you to talk about how Russia has experienced globalization very differently from the US and relatedly Putin has repeatedly called Ukraine the West's anti-Russia project. What we saw happen in Russia is a big bang approach towards economic reforms, which have ended up creating incredible problems in the Russian economy. If you treat China like the enemy, China will become the enemy.

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