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

Mongolian-Belarusian Relations Reach New Levels of Cooperation After Myasnikovich’s Visit
The prime minister of the Republic of Belarus, Mikhail Myasnikovich, led a large delegation September 3–5, on the first state visit to Mongolia since the establishment of bilateral diplomatic relations in 1992. The Mongolian government treated the visit as high level, and media coverage was... 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

China’s Development Plans in Xinjiang Threaten Kazakhstan’s Water Security
Water security and sustainability represents one of the foremost challenges facing China’s development plans, including in its western region of Xinjiang, which serves as the origin of two trans-border rivers that flow into Kazakhstan. China’s rise, though in many ways beneficial to the developing economies... 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

Armenia Trades European Union Association for Russian Protection
On September 3, Presidents Vladimir Putin and Serzh Sargsyan (speaking in that order from Putin’s Novo-Ogaryovo residence) announced their decision that Armenia would join the Russia-led blocs—the Customs Union and the Eurasian Economic Union. This decision at one stroke nullifies the Armenia–European Union Association and... MORE

Economic Slowdown Reveals Structural Problems in Zhanaozen-style Towns
One and a half years after the tragic events in western Kazakhstan’s Zhanaozen, where 16 striking oil workers died and over 110 were wounded in bloody clashes with riot police, the Kazakhstani government is once again reassessing the situation in this troubled town. On August... MORE