Latest Articles about Economics

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

A Model Company: CETC Celebrates 10 Years of Civil-Military Integration
This year marks the tenth anniversary of China Electronics Technology Group Corporation (zhongguo dianzi keji jituan gongsi)—known better by its acronym CETC—one of China’s ten official defense industry conglomerate-bureaucracies [1]. CETC’s operations are central to China’s push toward dual-use electronics and civil-military integration for information... MORE

Civilian UAV Production as a Window to the PLA’s Unmanned Fleet
Representing a wider trend, one of China’s largest aerospace manufacturers, AVIC, recently announced, after a record 18.8 percent growth in 2011, it is increasing investment in an unmanned helicopter that will function in a range of both mundane civil applications as well as more critical... MORE

Kazakhstan-China Transportation Opportunities and Challenges
At the end of November 2011, PRC Vice Premier Zhang Dejiang and Kazakhstani Minister Aset Isekeshev attended the inauguration of the construction of the first transnational free-trade cooperation center in Central Asia, located along the cross-border river near the Xinjiang village of Horgos. This China-Kazakhstan... MORE

Germany, Kazakhstan Sign Strategic Agreement on Rare-Earth Metals
On February 7 in Berlin, the German and Kazakhstani governments signed an agreement on “partnership in the raw materials, industrial and technological spheres.” Chancellor Angela Merkel and Kazakhstan’s visiting president, Nursultan Nazarbayev, witnessed the signing. The agreement focuses on rare-earth metals. These represent a world-class... MORE