Latest Articles about Economics

On the Illusion of Russian Reforms

On May 25, 2016, one and a half years after the economic crisis hit Russia, President Vladimir Putin called together a session of the Economic Coun­cil Presidium, an advisory body established back in 2012, but last convened two years ago (Kremlin.ru, May 25; Vedomosti, April... MORE

Team Tsai Ing-wen: a Who’s Who of the New Cabinet

Taiwanese President Tsai Ing-wen took office on May 20 with no shortage of challenges ahead. Her inaugural speech focused on five specific areas: transforming economic structures; strengthening the social safety net; addressing social fairness and justice; promoting regional peace, stability and cross-Strait relations; and contributing... MORE

Russia’s Kerch Bridge: Time to Act for Ukraine

The bout of great-power euphoria sparked by the 2014 annexation of Crimea did not last long in Russia. The Kremlin quickly realized the region’s total dependence on mainland Ukraine. Over the past 60 years, heavy capital and labor investments as well as regular water, power... MORE

Water Shortages Likely to Reduce Central Asian GDPs by 11 Percent

Although Central Asia as a whole has enough water to promote development, problems in sharing this critical resource among the region’s five post-Soviet republics—Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan and Tajikistan—are becoming downright severe. According to a new World Bank study, such localized water crises could reduce... MORE

Addressing Rising Business Risk in China

As the People’s Republic of China (PRC) celebrated its first-ever National Security Day, anti-foreigner sentiment appears to have been made an official part of the Chinese state’s increased vigilance. A widely circulated cartoon depicted a stereotyped Western man seducing an unwitting Chinese woman into espionage... MORE

Kudrin’s Return to the Russian Government

Since 2011, when then-President Dmitry Medvedev fired his and (much more importantly) then–Prime Minister Vladimir Putin’s finance minister, Alexei Kudrin, Russian liberals have dreamed of his return to the government. Indeed, liberal groups in Russia believe that Kudrin, seen as an outspoken pro-market reformer, could... MORE

Moscow’s Appointment in Doha Goes Awry

Russian talks with Gulf states, in Doha, Qatar, aimed at freezing oil production and thereby raising prices, broke down on April 17 (RT, April 17). This failure to reach an agreement represents a major setback for Russia’s economy as well as its domestic and foreign... MORE