After Russia seized what had formerly been the Ukrainian territory of Crimea in February 2014, the United

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After Russia seized what had formerly been the Ukrainian territory of Crimea in February 2014, the United States and many other countries imposed economic sanctions that reduced the ability of Russia to engage in international trade. A columnist writing in the New York Times noted, "If sanctions push Russia onto a path of greater self-reliance, its manufacturing and service industries will surely grow faster. . . ." If the columnist is correct about the effect of the sanctions, are the sanctions likely to improve the economic well-being of the average Russian in the long run? Briefly explain.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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