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b'With the world watching in shock at Russia\\u2019s invasion of Ukraine, Allan and Darren describe how the crisis, and in particular the world\\u2019s response, are (and are not) causing them to reconsider their priors about how politics and international affairs works. Allan describes how impressed he has been with Europe\\u2019s response, while Darren is completely surprised at the speed and magnitude of the economic and financial sanctions imposed on Russia, in particular its central bank. Meanwhile, Allan reflects on the contingency of the Biden presidency, wondering how things would have been different had Donald Trump been president and what that says about the variability of the United States as a factor in world politics. Darren considers the responses of regional powers such as China, India and the ASEAN countries. Finally, they discuss early implications for Australia.\\nRelevant links\\nAnne Applebaum, \\u201cThe impossible suddenly became possible\\u201d, The Atlantic, 2 March 2022: https://www.theatlantic.com/ideas/archive/2022/03/putins-war-dispelled-the-worlds-illusions/623335/\\nChina Talk (podcast), \\u201cThe new old cold war with Tooze and Klein\\u201d, 1 March 2022: https://chinatalk.substack.com/p/the-new-old-cold-war-with-tooze-and?s=r\\nAdam Tooze, \\u201cChartbook #89 Russia\\u2019s financial meltdown and the global dollar system\\u201d, 28 February 2022: https://adamtooze.substack.com/p/chartbook-89-russias-financial-meltdown?s=r\\nRobert Keohane and Joseph Nye (1987) \\u201cPower and interdependence revisited\\u201d, International Organization 41(4): 725-753. http://www.rochelleterman.com/ir/sites/default/files/Keohane%20Nye%201987.pdf\\nPatrick McKenzie, \\u201cMoving money internationally\\u201d, Bits about money (newsletter), 2 March 2022: https://bam.kalzumeus.com/archive/moving-money-internationally/\\nPaul Kelly, \\u201cMorrison\\u2019s Mission: A Lowy Institute Paper\\u201d, Penguin Specials, February 2022: https://www.penguin.com.au/books/morrisons-mission-a-lowy-institute-paper-penguin-special-9780143778042\\nThe Ezra Klein Show, \\u201cCan the West stop Russia by strangling its economy (with Adam Tooze), 1 March 2022: https://www.nytimes.com/2022/03/01/opinion/ezra-klein-podcast-adam-tooze.html'