Latest Articles about Economics

Half-Hearted Reforms May Erode Social Stability in Kazakhstan
Against the backdrop of turbulent developments over the last two decades in neighboring Uzbekistan and Kyrgyzstan, Kazakhstan may arguably be called an island of prosperity in Central Asia. In his Address to the People of Kazakhstan, delivered on January 10, President Nursultan Nazarbayev reinforced this... MORE

Business as Usual: Russia Exhausts Its Reserve Fund
The Russian Ministry of Finance released an official statement, on January 10, 2018, confirming that all the money previously channeled into the Reserve Fund, as well as the interest it produced during the last 12 months, had been credited to the federal budget. So the... MORE

China-Russia Relations Reality Check
In 2017, China and Russia trumpeted the closeness of their relationship, calling it a historic highpoint. Xi Jinping has made good relations with Russian President Vladimir Putin a priority, visiting Russia six times and meeting with Putin on 21 occasions since taking office. Authoritative statements... MORE

CPEC: “Iron Brothers,” Unequal Partners
Serious differences have come to the fore between China and Pakistan over the $60-billion China-Pakistan Economic Corridor (CPEC). At a Joint Working Group (JWG) meeting at Islamabad in November 2017, China announced its decision to suspend funding for at least three road projects in Pakistan, pending... MORE

What is “Xiconomics”?
In 2017, Xi Jinping consolidated his control over much of the Party and State apparatus, culminating in October when “Xi Jinping Thought on Socialism with Chinese Characteristics in the New Era” was inserted into the Chinese Communist Party (CCP) constitution. In late December, Xi’s leadership... MORE

A Year in Review: Kazakhstan Pursues Domestic Reforms, Foreign Direct Investment in 2017
The year 2017 proved to be an eventful one for Kazakhstan, even as its long-time president, Nursultan Nazarbayev, who turned 77 last July, has yet to designate a potential successor to step into his shoes following the end of Nazarbayev’s more-than-25-year reign. The first part... MORE

A Year in Review: Ukraine Faced Mixed Fortunes, Missed Opportunities in 2017
Ukraine missed some chances to improve the domestic situation last year, with the fight against corruption not as efficient as Western creditors expected and the economy growing at only a sluggish pace. Among the country’s achievements in 2017 were the long-awaited ratification of the association... MORE

Between a Rock and a Hard Place: Kaliningrad to Become ‘Special’ Again
Having lost its Special Economic Zone (SEZ) status on April 1, 2016, Russia’s westernmost region, Kaliningrad Oblast, has once again demonstrated an inability to cope with mounting economic challenges. Meanwhile, floods and adverse weather conditions near the close of 2017 compelled local authorities to beg... MORE

China Faces Wintertime Energy Crisis of its Own Making
Northern China is facing an energy crisis this winter due to shortfalls in heating gas. Since mid-December, reports from Hebei, the province that surrounds Beijing and Tianjin, indicate that schools and residential areas are going without natural gas for heating. In Quyang county (曲阳县), southwest... MORE

Technological Entanglement? — Artificial Intelligence in the U.S.-China Relationship
Artificial intelligence (AI) has become a new arena for engagement and competition between the United States and China. In July, China’s State Council published the New Generation AI Development Plan (新一代人工智能发展规划) which declared, “AI has become a new focal point of international competition. AI is... MORE