Latest Articles about Economics

Russia’s Faltering Economy Causing Currency Crisis in Armenia
Armenia’s strong economic dependence on the Russian Federation is dramatically being highlighted at the moment by the devaluation of the Russian ruble and the general economic decline in Russia. The structure of Armenia’s economy and the character of its relationship with Russia suggest that Armenian... MORE

Russia Enters New Year Mired in Troubles
The post–New Year holidays in Russia have brought less joy or happy expectations than usual to the country’s elites, the urban middle classes and even to Russia’s millions of labor migrants. Over the past 15 years, all these groups shared in the country’s prosperity, which... MORE

China’s “Server Sinification” Campaign for Import Substitution: Strategy and Snowden (Part 1)
On January 22, 2013, Guangming Daily reported the market launch of China’s first independently developed high-end computer server, the Tiansuo K1, and touted the homemade server’s leading role in “breaking a long-term import situation” (Guangming Daily, January 22, 2013). [1] The Tiansuo K1 represents the... MORE

Putin’s Passage to India: Where Did It Lead?
Russian President Vladimir Putin termed his recent trip to India “productive” and “positive.” Indeed, twenty agreements were signed with India, pertaining mainly to economic issues, energy supplies and arms sales (Kremlin.ru, December 11). Thus, Russian petroleum giant Rosenft will sell ten million tons (200,000 barrels... MORE

Fraying Georgian Government in Denial as Currency Spirals Downward
On December 5, Georgia’s national currency, the lari, fell by another 2.86 percentage points against the US dollar, hitting its lowest point since spring 2004. Overall, from early November 2014, the lari depreciated by 11.2 percent, quickly sending the prices of everyday products and commodities... MORE

Belarus and Russia’s Ailing Economy
The conflict that arose after Russia’s temporary ban on imports from 23 Belarusian meat processors and on Belarusian food transit to Kazakhstan (see EDM, December 3) has not been resolved yet. During the first week of December, Belarusian officials at all levels of government expressed... MORE

Putin Pledges to Stay the Course, Hits a Dead End
The Kremlin has a lot to explain following the dangerous deterioration of Russia’s international situation and the drastic degradation of its economy. And President Vladimir Putin opted in his annual address to the Federal Assembly, delivered last Thursday (see EDM, December 4) to provide one... MORE

Uzbekistan Seeks to Reinvigorate Its Diplomatic Clout in the Region (Part Two)
Since the fall of 2014, Tashkent has been boosting diplomatic engagement with its neighbors (see Part One in EDM, October 3). In particular, Uzbekistan’s President Islam Karimov met with President Emomali Rahmon of Tajikistan in Dushanbe on September 11 (press-service.uz September 13, 2014), and visited... MORE

Uzbekistan Seeks to Shore up Strategic Alliance With Kazakhstan
On November 24 and 25, Uzbekistan’s president, Islam Karimov, paid an official visit to neighboring Kazakhstan, where he spent long hours with his local counterpart, Nursultan Nazarbayev. The last time Karimov went to Astana was in September 2012, followed by Nazarbayev’s reciprocal visit to Tashkent... MORE

New Trade War Erupts Between Russia and Belarus
“We are beginning the new year without any problems whatsoever, even small ones, in our relations as we have settled them all,” President Alyaksandr Lukashenka observed as recently as November 18, while receiving Russian Foreign Minister Sergei Lavrov (Svaboda, November 28). Yet, barely nine days... MORE