Latest Articles about Economics
Belarus: Between a Rock and a Hard Place
Three inter-related themes engage attention in the Belarusian and international media: the ambivalent image of Belarus, its upcoming presidential elections, and the Belarusian economy. The economy appears to be the linchpin of this triad. It informs Belarus’s image, if only to some extent. But although... MORE
Government’s Inability to Resolve Dagestan’s Problems Gives Rise to Muslim Capitalist Class
As Russia’s economic stagnation reverberates in the North Caucasus, the regional elites have begun to scramble for local resources. An uncharacteristically open discussion erupted in Dagestan’s republican parliament in Makhachkala on October 30, when a well-known politician in the republic, Eduard Khidirov, stated that between... MORE
Putin Stonewalls, West Wobbles on Ukraine at G20 Summit
G20 heads of state and government held their regular summit on November 15–16, in Brisbane, Australia. Within that large group, Western summiteers devoted much of their time to discussions with Russian President Vladimir Putin about Ukraine. This was a follow-up to the same Western leaders’... MORE
Iranian-Turkish Relations Vis-à-Vis Turkey’s Energy Transit Policy
Despite Western economic sanctions, Iranian-Turkish relations have been developing in many different directions in recent years. Illustratively, on October 24–25, the Eastern Anatolia Development Agency (DAKA), Iran’s Foreign Ministry Institution for Political and International Studies (IPIS) and the Turkish Asian Center for Strategic Studies (TASAM)... MORE
Moscow Fails to Deliver on Promises of Investment in the North Caucasus
Moscow’s ability to finance the North Caucasus republics took a substantial hit in 2014 as the financial situation in the country deteriorated. Out of roughly $1 billion in investments in infrastructure projects planned for the region this year, the Russian government disbursed less than a... MORE
Belarus: Attractive Inside, Not Always Out
No darling of the Western media, Belarus suffers from a peculiar imbalance between two kinds of reporting about it. Much more is written about Belarus’s Soviet legacy and its relationships with external centers of power, Russia and the European Union, than about the actual developments... MORE
Putin Goes to China, but Fails to Turn His Illusions Into Reality
In a case of striking symbolism, President Vladimir Putin traveled to Beijing on the 25th anniversary of the fall of the Berlin Wall, as if seeking reassurance against the specter of a mass public uprising. The dismantling of that icon of the Cold War signified... MORE
Mongolia’s Prime Minister Ousted for Failure to Resolve Economic Woes, Corrupt Practices
Mongolian politics were shaken on November 5, when the parliament voted to dismiss Prime Minister Norov Altankhuyag for not addressing the country’s drastically slowing economic growth, plunging foreign investment, and alleged corruption and cronyism. Altankhuyag’s administration, self-labeled the “New Government for Changes,” collapsed after serving... MORE
The Russian Arctic: Between Economic Development and Accelerating Militarization
Lately, hardly a day passes without another announcement of a new Russian military deployment in the Arctic. Yet, the Arctic’s fundamental strategic importance to Russia is economic: namely, the potential for extracting immense amounts of energy and other raw materials. Undeniably, climate change and the... MORE
Economic Warfare in the Russian-Ukrainian Conflict: Crimea
Russia’s “hybrid warfare” concept embraces economic warfare as one of its key elements. Yet, less attention has been paid to the details of the economic war between Russia and Ukraine in the conflict over Crimea and parts of Donbas (eastern Ukrainian region encompassing Luhansk and... MORE