Latest Articles about Economics

China Pursues Ambitious, but Risky, Financial Reforms

China’s leadership has, in the past year, announced many reforms to the Chinese economy, and especially the country's financial system. Some are slated to be implemented over time, while some are already in the process of being implemented. How can we distinguish between the two,... MORE

China’s Penetration of the Canadian Energy Market

China’s relentless global search for energy supplies has taken it from Central Asia to Sudan. But China imports oil from politically unstable nations such as inflation-ravaged Venezuela; Iran, constricted by international sanctions; and violence-ridden Iraq, the Democratic Republic of Congo and South Sudan, increasing the... MORE

The Cost to Ukraine of Crimea’s Annexation

The Ukrainian government has apparently understated its possible economic losses caused by Russia’s annexation of the Crimean peninsula. According to a recent valuation by the Ukrainian Ministry of Environment and Natural Resources, Russia seized an estimated 127 billion hryvna ($10 billion) of assets in Crimea,... MORE

Kazakhstan’s New Prime Minister to Fix Economic Problems

On April 2, Kazakhstani President Nursultan Nazarbayev accepted the resignation of Prime Minister Serik Akhmetov who had headed the country’s government since September 2012. On the same day, the president met with leaders of parliamentary groups to discuss the candidacy of a new prime minister.... MORE

International Isolation Begins to Affect Russia

As the charged pause in the Russian-Ukrainian conflict drags on, policymakers in Moscow discover that their bold breakthrough into the territory beyond the boundaries of international law has brought rather unexciting consequences. Last Monday (March 31), President Vladimir Putin called German Chancellor Angela Merkel, seeking... MORE