Latest Articles about Economics

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

Armenia Chooses Russia and Eurasia over the European Union
On September 3, in Moscow, Presidents Vladimir Putin of Russia and Serzh Sargsyan of Armenia jointly sank Armenia’s association, trade and visa liberalization agreements with the European Union, which were due to be concluded at the Vilnius summit in November. Instead, Sargsyan announced his decision... MORE

A Russian-Belarusian Friendship Thriller
On August 26, Vladislav Baumgaertner of Russia was arrested in Minsk and placed in the KGB prison popularly known as Amerikanka while criminal proceedings have been launched against him by the Belarusian Prosecutor’s Office. An ethnic German, born and raised in the Urals (www.comnarcon.com/index.php?id=454?), Baumgaertner... MORE

Sino-Mongolian Coal Relationship Continues Downward Spiral in 2013
The Mongolian Minister of Mining, Davaajav Gankhuyag, meeting with journalists in an August 9 press conference, confirmed the continuing decline in coal exports to China, Mongolia’s most important trade partner: “The slow speed of economic growth of Mongolia is caused by a drop in China’s... MORE

China and Kazakhstan: Inevitability of Beijing’s Growing Influence
For centuries, China was a major source of wealth for the nomadic peoples of Central Asia: the relationship between the steppe and one of the most developed settled civilizations had been full of both bloody confrontations and prosperous trade. This history has imprinted itself on... MORE