Latest Articles about Economics

Kremlin’s Hopes for a ‘Post-West’ World Order Recede

Just a couple of months ago, things looked to be going thoroughly President Vladimir Putin’s way. The 2016 elections in the United States gave the presidency to Donald Trump—a flamboyant real estate mogul and reality TV star, a nationalist and an isolationist. Throughout his campaign,... MORE

Ukraine Showcases Advanced New Air-to-Ground Rocket Munition

Ukrainian President Petro Poroshenko announced, on February 11, that Ukroboronprom (a state-owned association of multi-product enterprises in the defense industry) has successfully tested a new type of domestically produced air-to-ground rocket with impressive technical characteristics (Pravda.com.ua, February 11). This 80 millimeter caliber munition can be... MORE

Food Security and Chinese “Comprehensive National Security”

On February 6, China published “Central Document No. 1”, its annual statement of agricultural policy. Two weeks later, on February 20, China's Ministry of Agriculture (MOA) announced that it will begin its annual moratorium on fishing starting on May 1 (MOA, February 20). Though on... MORE

Russia’s Sarmat ICBM Faces Development Problems

The Russian budget for 2017–2019, which the State Duma (lower chamber of parliament) adopted last December, predicts that federal budget revenues will continue to decline in the next three years and will drop to 15 percent of GDP by 2019. This would be the lowest... MORE

Railway Blockade Wreaks Havoc on Economy of Ukraine’s Donbas

In late January, groups of self-identified veterans and several controversial Ukrainian people’s deputies began blocking railways linking the territory of Donbas (provinces of Donetsk and Luhansk) controlled by Moscow-backed militants to areas controlled by the central government. They say that it is wrong to trade... MORE

Chinese Acquisitions Undercut Taiwan, U.S. Semiconductor Industry Edge

China’s central Party leadership recognizes that the Chinese economy must shift away from light manufacturing and intermediate goods like steel to higher value-added manufacturing.  In July 2016 the Chinese State Council Information Office published the “National Informatization Development Strategy Outline” (国家信息化发展战略纲要), laying out the central... MORE

Ukraine to Begin Producing M16 Assault Rifle in Joint Venture With US Firm

Ukroboronprom, the state entity responsible for Ukraine’s military-industrial complex, announced that it would begin joint production with the United States company Aeroscraft of a Ukrainian variant of the M16 assault rifle—to be renamed the WAC-47. Sergei Mykytyuk, the director of Ukroboronprom subsidiary Ukroboronservis, told journalists... MORE