41. Remarks on Regional Security
- Author:
- Graeme P. Herd
- Publication Date:
- 01-2020
- Content Type:
- Journal Article
- Journal:
- Warsaw East European Review (WEER)
- Institution:
- Centre for East European Studies, University of Warsaw
- Abstract:
- I am delighted to be in Warsaw on this panel. In 1994 when I graduated with a PhD, and held my first academic post, the first international conference I went to was in Wrocław, and obviously I had to travel through Warsaw. So, it’s really nice to be back in Poland and have the opportunity to present in the capital when older and wiser. Today, I am going to try and look at how we understand the rationality, the logic of Russia’s foreign policy, particularly the destabilization efforts against neighbours and come to a conclusion has to how sustainable and long-term this approach will be. Will it gradually diminish or is it set to stay as it is or even increase? To try and understand Russia’s foreign policy, we need to look into the domestic eco- nomic, political, and social system created by a system-forming figure that is President Vladimir Putin. The two key data points here really are two strategic vulnerabilities that Russia has to deal with. The first is the hydrocarbon dependence, 50% of GDP and 70% of exports, and 98% of corporate tax. The vulnerability is that Russia is dependent on hy- drocarbon revenues but cannot affect the price of oil globally (which sets the price of gas). Oil can be priced at $110pb or at $25pb and the shift can take place over a matter of months. The second vulnerability is the popularity of the president. When Putin has de-modernized Russia, de-institutionalized and de-globalized Russia it means that if his popularity decreases then you have an existential crisis within the federation. The destabi- lizing question is: “If not Putin, then whom?” There are no contingency plans, no succession mechanism to replace the leader. So, essentially we are looking at Russia’s foreign policy operating in a context where the economy is in the toilet as reflected in a 0.2% average GDP growth since 2009; 2012 – 0% growth and since 2012 when Kudrin resigned from the government. Normally, the popularity of a president – as was the case in the first 8 years of Putin’s presidency from 2000 to 2008 – tracks the economy, or maybe lags a little bit behind. As economic performance increases and revenues distributed to the population, so the popularity of the president. So, this is very abnormal politics.
- Topic:
- Security, Foreign Policy, Defense Policy, and Regional Cooperation
- Political Geography:
- Russia and Europe