Latest Articles about Economics
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China’s Growing Political Role in the Caucasus
China’s economic role in the south Caucasus is expanding rapidly, with Beijing’s investments in Azerbaijan alone now approaching a total of one billion US dollars and its bilateral trade with that country exceeding that figure on an annual basis. But as impressive as those figures... MORE
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Russia Sees Superior Military Force and Propaganda as Primary Instruments to Control North Caucasus
In an interview with the newspaper Kommersant published on January 11, the deputy prosecutor general of Russia, Ivan Sydoruk, admitted that despite some successes in countering rebel activities in the North Caucasus, the government still faced serious challenges in the region. Sydoruk blamed the continuing... MORE
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Kazakhstan Investment, Part 1: Europeans Dominate Inward Foreign Direct Investment
Despite common perceptions that China and Russia are the main external influences on Kazakhstan’s economy, newly released information from the National Bank of Kazakhstan shows that, as of the end of September 2012, Western countries topped the charts as the main sources of foreign direct... MORE
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China and Central Asia in 2013
In the last two years, China has emerged as the most consequential outside actor in Central Asia. As we have described in other writings, China’s ascension to this role has been largely inadvertent [1]. It has more to do with the region’s contemporary circumstances and... MORE
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China and Commercial Aircraft Production: Harder than It Looks
No one can ever accuse China of thinking small. When it decided to enter into commercial aircraft manufacturing, it knew that it was going up against one of the world’s greatest duopolies: the Boeing-Airbus stranglehold on the medium-to-large jetliner business. These two companies produce nearly... MORE
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Mongolia in 2012: A Steady Path Toward Democracy and Development
Mongolia has remained on the radar in 2012 for international audiences, especially foreign investors who see the country either as either a land of opportunity or uncertainty. Events ranging from the parliamentary elections, to judicial procedures concerning the former president, and to restrictions on exchanging... MORE
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Domestic Stability to Remain Kazakhstan’s Main Priority in 2013
The year 2012 was certainly rich in events for Kazakhstan. In mid-January, the early parliamentary elections brought two more parties to the country’s legislative body, although none of them gained enough seats to break Nur Otan’s monopoly. While the diversity of opinions within the country’s... MORE
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Tajikistan in 2012: A Year in Review
The past year was an eventful one in Tajikistan on the economic, political and military fronts, with both domestic and regional ramifications. Importantly for Tajikistan’s economy, in May 2012, construction on the controversial hydroelectric Rogun Dam on the Vaksh River—a tributary of the Amu Darya... MORE
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President Nazarbayev Announces Ambitious National Goals in Coming Decades
In his State of the Nation address to the parliament on December 14, 2012, President Nursultan Nazarbayev outlined a new strategy for Kazakhstan’s development through 2050. The document, developed by the government with the help of national and foreign experts, seeks to establish “the vector... MORE
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China’s Latest Piece of the New Silk Road
While the concept of a “New Silk Road” of trade, transport and telecommunications connections across Eurasia was formally endorsed by the US State Department, it is Beijing and Chinese companies that have taken the lead in realizing the immense infrastructure projects that will tie the... MORE