Latest Articles about Economics

Li Keqiang, New Type Urbanist

Since coming into office in late 2013–early 2013, Chinese Premier Li Keqiang has staked out political territory as an advocate of economic reform. His signature policy initiative is a “new type of urbanization,” described by Xinhua as an effort to boost consumption by getting local... MORE

The Potash War and the Receding Breed of a Red Man

At the September 19 government “skull session” on current economic and foreign policy issues, President Alyaksandr Lukashenka made several statements devoted to the Belarusian-Russian potash war. “No rogues and scoundrels will be able to drive a wedge between the two presidents and the two peoples... MORE

A Business and a Pep Talk

Recent events around Belarus create the impression that if one assumes Belarus is a bridge between the two flanks of Europe, the traffic on that bridge is asymmetric. Serious business comes from its eastern end and nothing but reprimands and exhortations originate from the west.... MORE

The Potash War: A Sequel

The Belarusian-Russian potassium (potash) war has undergone several new developments. First, it appears that Uralkalii, a Russian potash producer that, in late July, left the joint Russian-Belarusian trader, Belarusian Potassium Company (BPC) (see EDM August 5, September 4), has insured its “management responsibility” risk. Its... MORE

China’s Energy Development in the East China Sea

China is doubling down on its hydrocarbon resource development in the East China Sea. The China National Offshore Oil Corporation (CNOOC) wants to double overall oil and gas production to 100 million metric tons per year by 2020 (Petroleum Economist, October 2012). CNOOC’s first licensing... MORE

Russia’s Customs Union Project Finds Acceptance in Armenia

Armenia’s move into Russia’s economic bloc, coupled with its military reliance on Russia, will conclusively reduce Armenia to the status of Russia’s satellite. Armenia’s snub to the European Union is comparable with the 1947 rejection of the Marshall Plan by the Moscow-dominated governments in Central... MORE