Latest Articles about Economics
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
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
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
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
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
Belarus: A Countdown Toward Political Change?
In 2012, Belarus was recovering from the financial crisis, the peak of which was in summer 2011. The achievements along this line have been the international trade surplus, the 20-percent growth of personal incomes (throughout 2012), and a relatively stable exchange rate of the Belarusian... MORE
China-Uganda Relations: Closer is Not Necessarily Better
The long-delayed, Chinese-funded Entebbe expressway in Uganda once again is running into delays as government funds are insufficient to compensate the citizens who will lose their land to the highway. Although construction began only last month, Entebbe claims it has only sufficient funds to buy... MORE
Xi Jinping’s “Southern Tour” Reignites Promises of Reform
General Secretary Xi Jinping has lost no time in reassuring the world that his Chinese Communist Party (CCP) administration will not only persevere with reforms championed by late patriarch Deng Xiaoping but also “initiate new paths.” Shenzhen, the special economic zone (SEZ) that is synonymous... MORE
Belarus’ Economic Turnaround: Is It Sustainable?
In early December, the Anti-Crisis Fund Council of the Eurasian Economic Community approved the latest (fourth) tranche of a $3 billion loan (Belarusian Telegraph Agency, December 7), approved in June 2011 to assist Belarus in overcoming an economic crisis. The Council is expected to release... MORE
North Caucasus Resort Company and Kabardino-Balkarian Leadership in Power Struggle
On November 30, the deputy director of OJSC Northern Caucasus Resorts, Vladimir Yevdokimov, upbraided the Kabardino-Balkarian authorities for obstructing the company’s expansion plans in the republic. Earlier, several members of the republican legislature stated they would veto allocation of land to OJSC Northern Caucasus Resorts.... MORE