Latest Articles about Economics

Popular Myths About the Belarusian Economy

Stereotypes reduce the complexity of the world into a few simple guidelines, which can enter everyday thoughts and decisions. For years, Belarus has been repeatedly labeled “Europe’s last dictatorship,” thus inhibiting deeper and more serious analysis of the country. Moreover, fighting this stereotype can prove... MORE

In Belarus, Rhetoric Not All That Matters

Since April 18, the news in Minsk has been preoccupied with how an employee of the Ministry of Internal Affairs’ Directorate for Combating Organized Crime stole $269,150 in cash from a safe at work. This money had earlier been seized by the Directorate from some... MORE

New Uzbek President Courts Moscow During State Visit

Uzbekistan’s new head of state, President Shavkat Mirziyaev made his first official visit to Moscow, on April 4–5. Though the visit was in fact the Uzbekistani leader’s third foreign trip as president, after traveling to neighboring Turkmenistan and Kazakhstan, Russian commentators nevertheless called it Mirziyaev’s... MORE

Philippines Choose Chinese Investment Over Territorial Defense

In early April, Philippine President Rodrigo Duterte made waves by promising to improve Philippine defenses on islands in the South China Sea. “We have to fortify. I must build bunkers there or houses and make provisions for habitation.” Renovation and expansion of facilities on Paga-Asa... MORE

South Korea’s Presidential Election: Implications for China

The South Korean presidency was scheduled to change hands later this year, but Park Geun-hye’s official removal from office in March 2017 has accelerated the turnover in leadership, with elections scheduled for May 9 (Joongang Daily, March 15). During her truncated tenure, Park initially sought... MORE

Bhutan’s Relations With China and India

The 14th Dalai Lama’s April 4-13 visit to Tawang in the northeastern Indian state of Arunachal Pradesh, over which China lays claim, drew thousands of followers. Among these were some 3,000 Bhutanese, who trekked across mountains to see the Tibetan spiritual leader (India Today, April... MORE

Russia’s Tu-160 Strategic Bomber Faces Development Problems

Russia’s nuclear weapons modernization program raises suspicions and fear internationally. This process, however, faces serious difficulties. A case in point is the Tu-160 strategic bomber, whose maker, Joint Stock Company (JSC) Tupolev, has had trouble fulfilling the necessary modernization and repairs on this nuclear-capable aircraft... MORE