Latest Articles about Economics
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Integrating Belarus: Problems and Prospects
On May 5, the National Bank of Belarus, responding to pressure to devalue the Belarusian ruble, stipulated that by May 12, the exchange course with hard currency (the US dollar, the Euro and the Russian ruble) could increase from its current 8 percent depreciation rate... MORE
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Russia Pressures Kazakhstan’s Ties With Georgia
Kazakhstan is increasingly uncomfortable within the Customs Union with Belarus and Russia due to the constant attempts by the Kremlin to politicize the structure originally intended to boost trade relations and ensure free movement of citizens, goods and capital within the union. Recently, Grigoriy Onishenko... MORE
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India and Kazakhstan Bolster Their Strategic Partnership
On April 15-16, Indian Prime Minister Manmohan Singh and Kazakh President Nursultan Nazarbaev adopted a “Road Map” for 2011-2014 to strengthen the strategic partnership between India and Kazakhstan, signing seven agreements in areas as diverse as energy, cyber security, space exploration, education, and hi-tech development,... MORE
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Inconsistencies Inhibit Moscow’s Attempts to Boost the North Caucasus Republics’ Economies
On May 4, Russian Prime Minister Vladimir Putin presided over a government meeting on the socio-economic development of the North Caucasus. Putin announced the decision to allocate nearly $2 billion for an investment protection fund for this risk-prone territory. In addition the government corporation for... MORE
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China’s Policy Impasse: The Case of the “Green GDP” Initiative
China’s environmental problems are apparent to any visitor, and the statistics are striking: China is home to 20 of the world’s 30 most polluted cities, 90 percent of China’s rivers and lakes are polluted, and the Chinese government dealt with 580,000 environmental complaints in 2006... MORE
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2010 Census Exposes Fault Lines in China’s Demographic Shifts
The just-published results of the People's Republic of China (PRC) 2010 Census have shown that just like any other country, the Middle Kingdom has to contend with the sobering limitations of demographics. Perhaps the only good news among the barrage of statistics is that at... MORE
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High-Level Trips Underscore Serbia’s Importance to Russia
Despite the distractions of other crises the Russian government continues to plow ahead with its designs for the Balkans, particularly the intended South Stream pipeline. In its quest for renewed influence in the Balkans, Serbia has emerged as an important partner for Russia. And to... MORE
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Japan’s Approach to China’s Control of Rare Earth Elements
Japan has been dealt a number of blows over the past few years which have put the country’s high-tech production capacity at risk. Most recently the massive earthquake and subsequent tsunami that hit Japan in March has directly affected production efforts through rolling blackouts and... MORE
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The Rise of the Energy Faction in Chinese Politics
The appointment earlier this month of Su Shulin, Chinese Communist Party (CCP) secretary and general manager of Sinopec, as acting governor of Fujian Province highlighted the growing clout of the Energy Faction in Chinese politics. Senior executives of the Big Three yangqi (or centrally-controlled firms)... MORE
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Ukraine Ignores Russia’s Invitation To Join Customs Union
Ukraine’s leadership has left Moscow’s invitation to join the Russia, Belarus and Kazakhstan Customs Union unanswered even after Russian Prime Minister Vladimir Putin personally traveled to Kyiv to advertise its benefits. Instead, Putin was told once more that the problem of expensive Russian gas is... MORE