Latest Articles about Economics

Kazakhstan’s Oil Dependence Jeopardizes Domestic Stability

On August 20, the National Bank of Kazakhstan (NBK) came forward with a surprise announcement. The central bank’s chairman, Kairat Kelimbetov, made official the immediate shift to a floating exchange rate of the tenge, the national currency. Since its introduction into circulation in late 1993,... MORE

The Park-Xi Friendship and South Korea’s New Focus on China

While the 12,000-troop parade at China’s September 3 ceremony commemorating the 70th anniversary of the end of WWII was a striking sight in Beijing, those who closely follow China’s relationship with the Korean Peninsula may have watched the guests of President Xi Jinping just as... MORE

China, Belarus Deepen Ties

Two countries on opposite ends of Eurasia are drawing closer, courtesy of the skein of railways slowly snaking across this massive region in the form of an evolving “Iron Silk Road.” While attending Chinese commemorations of the end of World War II in the Pacific,... MORE

Putin’s Pivot to China: Profit-Free, but Problem-Rich

China will host a huge military parade in Beijing on September 3, and President Vladimir Putin will be in attendance—returning President Xi Jinping’s earlier gesture of Sino-Russian partnership, which the Chinese head of state expressed as the top guest of honor at the parade in... MORE

Russia Threatens Georgia With Renewed Trade War

The Russian government regularly uses its agency for consumer protection, Rospotrebnadzor, for trade discrimination and blocking imports from countries whose policies Moscow does not like (see EDM, March 28, 2006; October 11, 2013; October 16, 2013). On August 4, 2015, Rospotrebnadzor issued a warning to... MORE