Latest Articles about Economics
An Equal and Opposite Reaction? Xi’s Grand Tour of the Americas
This July, Chinese President Xi Jinping embarked on state visits to Argentina, Cuba and Venezuela and attended a summit of the loose group of major developing countries known as BRICS (Brazil, Russia, India, China and South Africa) in Fortaleza, Brazil. This was his second trip... MORE
Rogun Dam Studies Set the Scene for Further Disputes Among Central Asian Countries
Last month (July 2014), a World Bank assessment explicitly approved the technical, economic and social aspects of the construction of the planned Rogun hydropower plant (Rogun HPP). The conclusions vindicate Tajikistan, which has hoped to build this hydroelectric dam for years. Uzbekistan, on the other... MORE
Belarus and the ‘End of Peace’ in Europe
On July 31, the international Contact Group, which aims to resolve the crisis in Ukraine (see EDM, July 18), met in Zaslavl, Belarus. It was attended by former Ukrainian president Leonid Kuchma, Russia’s ambassador to Ukraine Mikhail Zurabov, some representative of the self-proclaimed Donetsk People’s... MORE
Putin Picks the Worst of All Bad Choices
With the arrival of August, political expectations in Russia, informed by the long experience of setbacks and disasters, are turning negative. Second thoughts about the “victorious” war with Georgia that erupted six years ago blend with reflections on the centennial anniversary of World War I... MORE
Mongolian-Japanese Economic Partnership Agreement: Counterbalancing China and Russia
On the 40th anniversary of establishing bilateral diplomatic relations, Mongolia’s President Tsakhia Elbegdorj and Japan’s Prime Minister Shinzo Abe met in Tokyo on July 22, 2014, to sign a Joint Statement on affirming the final roadmap toward instituting an Economic Partnership Agreement (EPA). Aimed at... MORE
In Escalating Standoff With West, Russia Imposes Food Ban
In reply to Western sanctions over the Ukrainian crisis, the Russian government has announced a sweeping ban on the import of meat and meat products, fish and sea food, cheese, milk and milk products, as well as fruit and vegetables from the United States, the... MORE
Is Russia Resuming a Trade War Against Georgia?
The Russian government has announced the imminent suspension of the Free Trade Regime between the Russian Federation and Georgia, which had been in place since 1994, following Georgia’s accession to the Commonwealth of Independent States (CIS) (Civil Georgia, July 31). Moscow established the same regime... MORE
Russian Official Proposes Cutting Financial Aid to the North Caucasus
On July 10, Tatyana Golikova, chairperson of the Audit Chamber, Russia’s independent state budgetary watchdog agency, spoke about the country’s highly subsidized regions at a government meeting in Moscow. The Audit Chamber reviewed budget execution in seven highly subsidized regions to determine how well such... MORE
Russian Economist Denounces Yevkurov’s Record in Ingushetia
Nikolai Petrov, the well-known economist from Moscow’s Higher School of Economics, has scathingly criticized the glowing reports made by Ingushetia’s Governor Yunus-Bek Yevkurov. In an article, published by the Vzglyad website on July 28, Petrov pointed out that Ingushetia’s economy showed some positive dynamics, but... MORE
China Seeks to Strengthen Mongolian Trade Links During August Trilateral Summit
This year Sino-Mongolian relations have been buffeted by a series of challenging interruptions: the Mongolian government’s standoff with Rio Tinto over expanding underground mining operations at Oyu Tolgoi (OT) which will disrupt development of shipments of copper concentrate supplies to China, another Mongolian postponement in... MORE