Latest Articles about Economics
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Organized Crime Exploits China’s Growing Links to Latin America
In April 2012, authorities in the prosperous and generally peaceful Caribbean nation of Belize intercepted a shipment of precursor chemicals sent from China and apparently bound for representatives of the Mexican cartel “Los Zetas.” The shipment—sufficient to produce an estimated $10 billion in methamphetamines—highlights growing... MORE
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CASA-1000 Opens Doors for Increased Cooperation Between Tajikistan and Pakistan
On May 16-17, members of the Inter-Governmental Council (IGC) met in Dubai to sign the financing agreements for the CASA-1000 energy project (Khovar, May 18). Delegations from the four principal countries, Pakistan, Afghanistan, Tajikistan and Kyrgyzstan, as well as representatives from investor countries, the World... MORE
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Multiple Signs of Stabilization in Belarus
If there is any refrain to recent developments in Belarus, it is political and socio-economic stabilization. First, the International Ice Hockey Federation (IIHF) has not succumbed to political pressure – mainly from the United States – and confirmed Minsk as the venue for the 2014... MORE
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Local Government Financing Growing Increasingly Precarious
In 2008, China’s central government launched its own New Deal, heavily promoting massive infrastructure development after the economic downturn. Local governments were more than happy to take up the banner. Now, they are left with shiny new plazas, towering office buildings, highways to nowhere and... MORE
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Russia’s Growing Influence in Ukraine: Economics and Energy
The Ukrainian government is negotiating the issue of ruble-denominated government bonds, making the country no longer reliant on IMF assistance. Ukraine’s 2010 IMF assistance package of $15.6 billion was suspended in March 2011 because of Ukraine’s refusal to continue with IMF reforms, in particular raising... MORE
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The Legacy of Soviet Nuclear Industry in Tajikistan: Opportunities and Challenges
In April, Rustam Latifov, the head of the Tajik Parliament’s Ecological Commission, announced Tajikistan’s intention to seek international donors to help secure more than 50,000 tons of radioactive waste in Taboshar and distribute humanitarian funds for 2,000 people in the immediate vicinity who are particularly... MORE
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Sino-Philippine Tension and Trade Both Rising amid Scarborough Standoff
Tensions are once again on the rise in the South China Sea. On April 10, a standoff began when two Chinese surveillance vessels blocked a Philippine warship from detaining Chinese fishermen suspected of poaching near the contested Scarborough Shoal. There has been a tense deadlock... MORE
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Turkey Inches Closer to Nuclear Cooperation with China
Turkish Prime Minister Recep Tayyip Erdogan, accompanied by members of his cabinet, paid an official visit to China on April 8-11. The first by a Turkish PM in 27 years, the trip was remarkable in many ways and underlined the parties’ continued determination to deepen... MORE
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Azerbaijan’s Petkim Takeover to Overhaul Turkey’s Petrochemical Industry
Azerbaijan’s State Oil Company (SOCAR) is poised to become the largest direct foreign investor in Turkey. According to company president, Rovnag Abdullayev, and foreign investment department chief Vahit Aliyev, SOCAR plans to invest $17 billion in Turkey in 2012-2017, concentrated on two flagship projects: construction... MORE
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China Fêtes Turkish Leader as Beijing Recognizes Ankara’s Growing Role
On April 11, Chinese President Hu Jintao met with Turkish Prime Minister Recep Tayyip Erdogan in Beijing during the latter’s lavish if brief state visit. Both sides naturally promised cooperation and to expand ties (Xinhua, April 11; China Daily, April 11). The visit marked the... MORE