Latest Articles about Economics

No Joy for Putin in Hand-Managing the Post-Election Economy
The “spring retreat” in the protest activity in Moscow has brought relief and jubilation to the Kremlin and the White House (the one on the Moskva River) where courtiers now devote themselves to the really exciting matters – dividing the bureaucratic spoils of the fraudulent... MORE

Russia Seeks Increased Trade with China
Russia has repeatedly pledged to expand trade with China, the Kremlin apparently continuing to view the commercial ties as an important indicator of what was officially described as a “bilateral strategic partnership.” The increasing bilateral trade reflects a successful development of Russian-Chinese economic cooperation, said... MORE

Coal to Newcastle? Understanding China’s Coal Importing Behavior
China’s dependence on other nations’ coal exports is growing. In 2009, China imported 126 million tons (Mt) of coal and became a net coal importer. In 2011, China sourced 182 Mt of coal from overseas suppliers, and overtook Japan as the world’s top coal importer.... MORE

Turkey-Turkmenistan Ties Flourish in Economic Realm
Turkmen President Gurbanguly Berdimuhammedov’s visit to Turkey on February 28-March 1, highlighted the evolving nature of the two countries’ bilateral relations, built around flourishing economic ties. Berdimuhammedov’s first foreign trip since his reelection on February 12 also provided an opportunity to mark the 20th anniversary... MORE

Belarus: No Change in the Offing
One of the weaknesses of Belarus’s geopolitical situation and indeed of its self-perception is that Belarus is a crossroads, a land in between. In many ways this cliché informs thinking about Belarus – while something of note is occurring within its borders, there is a... MORE

China’s New Property Tax: Toward a Stable Financial Future for Local Government?
Just over a year ago, the Chinese government took the unprecedented step of launching a trial property tax in response to rising real estate prices. Since the mid-2000s in China, real estate prices have been going through the roof. In 2010, home prices in Shanghai... MORE

China Eyes Greater Share of Turkey’s Rising Infrastructure Investments, Including Construction of a Nuclear Plant
China’s Vice President Xi Jinping’s visit to Turkey, where he held several meetings with Turkish leaders, has underlined the growing economic ties and diplomatic exchanges between the two countries, despite their failure to develop joint positions on political issues. Xi met Turkey’s president and prime... MORE

Ablyazov Sentenced to Prison in UK for Contempt of Court
The fugitive Kazakh banker Mukhtar Ablyazov, accused of embezzling $5 billion from Kazakhstan’s BTA bank, was sentenced on February 16 to 22 months in prison for failing to disclose his assets and lying under oath to the High Court of England and Wales. Justice Nigel... MORE

Balkars in Kabardino-Balkaria Believe Government Is Deliberately Undermining Their Economic Well-Being
On February 20, the Memorial Human Rights Center published its October 2011 report on the situation in the mountainous region of Kabardino-Balkaria. The report details the adverse effects of the counter-terrorist regime on the economic situation in this remote and vulnerable republic. A counter-terrorism operation... MORE

Kazakhstan’s Socio-Economic Modernization Strategy: Challenges and Opportunities for the Next Decade
On January 27, 2012, Kazakh President Nursultan Nazarbayev addressed the people of Kazakhstan with a statement titled “Socio-economic Modernization: the Main Vector of Kazakhstan’s Development.” In what now resembles an American state-of-the-union address, Nazarbayev outlined ten main priorities that will shape the country’s development in... MORE