Latest Articles about Economics
Putin’s Military Buildup Not Sparking Predicted Economic Growth in Russia
Numerous governments have historically sought to use military spending as a means to solve domestic economic problems and generate growth. Indeed, this pattern has been so widespread that, in Russia, many in the defense establishment have long argued that spending more on the military and... MORE
Belarus Demonstrates Resilience
Newsworthy material from and about Belarus tends to either concentrate on Belarus’s relations with Russia, relations with the European Union or on domestic issues, including the economy. When it comes to headlines, external drivers of Belarus’s development often eclipse its domestic scene. Last week, however,... MORE
Militarization and Nuclearization: The Key Features of the Russian Arctic
Taking ownership of and “conquering” the Arctic are themes Russian authorities love to amplify. But sometimes, the harsh Northern reality interferes. The crash of an Mi-8 helicopter in Svalbard (Spitsbergen), last Thursday (October 26), with eight lives lost, was one such occasion. Norway launched a... MORE
How Kenya’s Failure to Contain an Islamist Insurgency is Threatening Regional Prosperity
Life in parts of Kenya’s traditionally Muslim coastal region has become a nightmare of beheadings and midnight raids by masked assailants, compounded by the ineptitude of local security forces. In Lamu County, a historic center of Swahili culture, growing ethnic and religious tensions have proved... MORE
‘Party of War’ Triumphs in Moscow
A long-term turf war over defense spending, between factions within President Vladimir Putin’s entourage, has raged for more than a year in Moscow. The so called “party of peace”—Putin’s liberal-inclined economic advisors and officials, led by former finance minister Aleksei Kudrin—is promoting defense spending cuts... MORE
Was King Salman’s Visit to Moscow a Turning Point in Russian-Saudi Relations?
When Saudi Arabia’s King Salman bin Abdulaziz Al Saud was welcomed in Moscow, on October 5–8, both Russian and Saudi media sources rushed to call his visit an important milestone in bilateral relations (TASS, October 8). But with the initial euphoria from Salman’s trip to... MORE
Xi Jinping Presides Supreme Over Start of 19th Party Congress
China’s 19th Party Congress is now in full swing. On August 18, Communist Party General Secretary Xi Jinping started the once-every-five-years meeting with a sweeping party work report laying out his accomplishments and plans for the future. While the Congress will see important changes in... MORE
Invasive Stink Bug Pest Devastates Georgia’s Agriculture
The South Caucasus republic of Georgia is struggling with a plague of brown marmorated stink bugs (BMSB), or Halyomorpha halys. Originally native to East Asia, the BMSB is an agricultural pest that can cause widespread damage to fruit and vegetable crops, particularly when present in... MORE
Ukraine Struggles to Retain Presence in Azov Sea With Plans for New Canal Around Crimea
By finalizing the construction of the Kerch Bridge (see EDM, September 6), Russia is completing its geopolitical project of fully cutting the Crimean Peninsula—which it illegally annexed in March 2014—off from mainland Ukraine. Russia’s chief gains from this effort are first of all to obtain... MORE
Coal Smuggled From Ukraine’s Occupied Donbas Ends up in Poland
While Ukraine’s power plants are short of fuel, coal from the unrecognized Luhansk “people’s republic,” located in the Moscow-proxy-controlled eastern part of Donbas, has been smuggled to Poland, journalists from the Polish newspaper Dziennik have found. Doncoaltrade, a firm linked to Oleksandr Melnychuk, a former... MORE