Latest Articles about Economics
Chinese Analysts Interpret Modi’s New India
The landslide victory by Narendra Modi in India’s national elections has raised questions throughout Asia about India’s role in the region. Chinese experts have watched the transition with great interest, many seeking historical analogies to explain the new leader. One of the most optimistic is... MORE
Uzbekistan’s Latvia Foray
Early in 2014, at a meeting of the Cabinet of Ministers, Uzbekistan’s President Islam Karimov declared, “The main goals and priorities for advancing the economy in 2014 are dictated primarily by long-term program objectives of the country, the continuation of the adopted strategy ensuring high... MORE
The Energy Context behind China’s Drilling Rig in the South China Sea
On May 3 China placed the Haiyang Shiyou 981 deep water semi-submersible drilling rig 119nm off the coast of Vietnam and 180nm from Hainan Island. The rig lies 17nm from Triton Island, part of the Paracel islands that China occupied by force from then South... MORE
China Takes Steps Toward Realizing Silk Road Ambitions
China’s vision for a new “Silk Road economic belt,” as recently announced by Xinhua, is establishing regional integration around China as an attractive economic direction for Central Asian countries. With a series of strategic agreements between Chinese President Xi Jinping and leaders of central Asian... MORE
Putin’s Eurasian Project Aggravates Russia’s Problems
The ceremony in Astana last Thursday (May 29) on signing the Eurasian Economic Union between Russia, Belarus and Kazakhstan was a surprisingly business-like affair. The lack of fanfare reflected the mood of Kazakhstani President Nursultan Nazarbaev, who was not altogether pleased with how his old... MORE
Russia, Kazakhstan and Belarus Form Eurasian Economic Union
On May 29, in the Kazakhstani capital of Astana, the presidents of Russia, Kazakhstan and Belarus signed a treaty to form the Eurasian Economic Union (EaEU)—a post-Soviet reintegration project vigorously pursued by President Vladimir Putin. The EaEU will come into being next January, after the... MORE
Russia Forces Crimea to Switch From Hryvna to Ruble Ahead of Schedule
Amongst the many complexities of integrating Crimea into Russia, problems regarding the currency and the scheduling of local elections remain at the top. On May 14, the lower house of the Russian parliament (the State Duma) adopted a resolution officially scheduling the local legislative elections... MORE
Costa Rica at Crossroads in Courtship with Beijing
In few other countries in Latin America and the Caribbean have the strategic objectives of China been as clear as in its relationship with Costa Rica. Yet in few other countries has the PRC experienced so many difficulties compared to the level of effort invested.... MORE
Western Sanctions Against Russia Impact Major Projects and Contracts
Western sanctions against Russia may not appear as strong or as sweeping as many expected, but their targeted effect is becoming visible in major Russian industries and critical ongoing projects, such as the South Stream gas pipeline, Yamal liquefied natural gas (LNG) project, and the... MORE
Kazakhstan Nervously Contemplates Possible Impact of Sanctions Against Russia
As the United States and the European Union continue to further step up sanctions against Russia for its annexation of Crimea and its subsequent fractious relations with Ukraine (ITAR-TASS, May 21), government officials in neighboring Kazakhstan are increasingly anxious about the potential impact these sanctions... MORE