News Snapshot:
CAMBRIDGE – As the global economic fallout from the current Western-led sanctions against Russia becomes clearer, are we watching a preview of what a trade and financial rupture with China might look like? Perhaps, but many academic studies of globalization’s net benefits suggest that sanctions on China or a break in Sino-American economic ties probably would have a smaller quantitative impact than one might think, at least over the medium to long term. This is true for both the United States and China, which are large and relatively diversified economies. So, while an economic rupture with China may hurt the...
