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Elusive Development

A blog about development challenges in the developing world

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Tag: Russian sanctions

Overvalued for Whom? The Ruble in a New Hierarchy of World Money
  • Dmitry Pozhidaev
  • December 19, 2025

Overvalued for Whom? The Ruble in a New Hierarchy of World Money

Here’s a piece in the Kyiv Independent trying to solve the riddle of the ruble’s strengthening in 2025. The ruble has strengthened despite what Konstantin Sonin calls the “classic macroeconom

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Economic lessons for 2024: Marxist perspective
  • Dmitry Pozhidaev
  • December 27, 2023February 20, 2024

Economic lessons for 2024: Marxist perspective

As the year draws to a close, what are the economic takeaways? Global rate of exploitation increases The first big news: Marx is right. Some of us always knew it, but this year Tomás Rotta and Ris

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  • Dmitry Pozhidaev
  • April 1, 2023April 1, 2023
  • 1 Comment

How sanctions reshape the world against US interests

(Backfire by Agathe Demarais) How Sanctions Reshape the World Against US Interests (the subtitle of Agathe Demaris’s book called Backfire) summarizes the author’s analysis of (primarily) US san

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