Latest Articles about Economics
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
Facing Grain Shortfalls, China Asserts Self-Sufficiency Policy
Demand for food in China is increasing at an unprecedented rate, as the Chinese become wealthier. In 2011, China became a net importer of rice, and imports of soybeans overtook domestic production in 2004. Changing Chinese appetites for grains and meats coupled with losses of... MORE
Sunflowers in Springtime: Taiwan’s Crisis and the End of an Era in Cross-Strait Cooperation
With two years left in the second and last term of Ma Ying-jeou’s presidency, Taiwan has been embroiled in a political crisis since March 18 that will have serious, and possibly long-lasting, repercussions on the dynamics within Ma’s Kuomintang (KMT) and the island’s relationship with... 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
Will Western Sanctions Damage Russia’s Global Nuclear Energy Business?
As the West prepares economic sanctions against Russia for its actions in Ukraine, the head of the government-owned State Atomic Energy Corporation (Rosatom) nuclear complex, Sergei Kirienko, said that Russia’s nuclear industry contracts with other countries could be affected, observing, “Considering an array of comments... MORE
Chechnya’s Ramzan Kadyrov Promises to Invest in Crimea Despite his Financial Dependence on Moscow
Shortly after the swift proclamation of Crimea’s short-lived independence, Ramzan Kadyrov announced that Chechnya would invest in Crimea and build close ties with it. However, Kadyrov’s notorious reputation is more likely to repel the residents of Crimea than win them over. On March 16, as... MORE
Russian Authorities Step up Efforts to Disrupt North Caucasus Insurgency’s Financing
On March 19, Russian Security Council Secretary Nikolai Patrushev held a government meeting in Grozny, Chechnya. Two primary issues were discussed—disrupting the financial channels that feed the insurgents in the North Caucasus and developing additional measures to prevent extremist outbursts in the Russian Federation and,... MORE
How Developments in Ukraine Affect Belarus
The hottest issues for Belarus these days are prospects for further economic growth under new conditions—in part informed by Russia’s annexation of Crimea and Belarus’s official position with regard to this groundbreaking event. Even before the crisis in Ukraine, Belarus faced dwindling economic growth, an... MORE
Russian Opposition Leader Says Russia’s Actions in Crimea Could Boomerang
On March 13, Alexei Navalny, arguably the most popular Russian opposition figure, weighed in on the crisis surrounding the Ukrainian peninsula of Crimea. Pointing to the fact that the Russian government does not allow the Russian people to hold referendums inside the country, Navalny asked... MORE