Latest Articles about Economics

China’s Cautious Economic and Strategic Gamble in Venezuela
Since coming to power in February 1999, Venezuelan president Hugo Chavez has waged a highly visible campaign against the U.S. and Western “imperialism” in Latin America, replete with fiery rhetoric, nationalization of strategic industries, the creation of alternative regional institutions, support for a range of... MORE

Is Belarus a Basket Case?
For the last fifteen years, Belarus has been the world’s leader in terms of the sheer number of predictions of its imminent economic collapse. And yet since 1996, the country has demonstrated steady, impressive and, in the words of a 2005 World Bank report, “broad-based”... MORE

Plans To Build North Caucasus Ski Resorts: Why Paint the Fence If The House Is Burning?
Russia keeps bewildering the public with extravagant economic plans for the North Caucasus that are supposed to pacify the region. According to Russian officials, it is unemployment that is causing the problems there (www.russiatoday.ru, 24, December 2010). To provide employment for the local population, ski... MORE

Inflation Plagues Belarusian Economy
The Russian Ministry of Economic Development has issued a bleak prognosis for the economic future of Belarus, anticipating that the country will enter a period of recession in 2012, which will be followed by gradual recovery in future years (www.naviny.by, September 24). The report contrasts... MORE

Kremlin Remains Clueless About How to Mitigate Dangers for Foreign Investors In the North Caucasus
On September 16, the French state bank Caisse des Depots et Consignations and Russian state company Resorts of the North Caucasus signed an agreement on setting up a joint venture. The French bank promised to raise 10 billion Euros ($14.2 billion) within a year for... MORE

Will Flight Price Cuts Stimulate Development In Kyrgyzstan?
On July 27, the Kyrgyz government issued a decree aimed at ensuring price cuts for domestic flights between the capital Bishkek in the north and Batken and Isfana towns in the south. Traveling this distance by road can take up to 24 hours, compared to... MORE

Destination Unknown: Investment in China’s “Go Out” Policy
From September 7 to September 10, Chinese Vice Premier Wang Qishan led a delegation of senior government officials and business leaders to hold the Fourth UK-China Economic and Financial Dialogue. This trip is just one of the many high profile visits Chinese central leadership have... MORE

A New, Greater Impulse In Italian-Kazakh Relations
Kazakhstan and Italy are developing a major strategic partnership that is rapidly altering ties between the two countries. For Italy, one of the main and constant aims of Italian foreign policy – regardless of the political orientation of its government – is to guarantee the... MORE

Kyrgyzstan and China Move Closer to Joint Railroad Construction
Bishkek and Beijing may soon sign a long-anticipated agreement on the construction of the “China-Kyrgyzstan-Uzbekistan” railroad. Kyrgyz Prime Minister Almazbek Atambayev will travel to China to discuss the project’s details. The Kyrgyz government considers the railroad to be an important component in the country’s economic... MORE

China’s Uranium Quest Part 2: The Turn to Foreign Markets
On August 24, the head of Kazakhstan’s national nuclear monopoly Kazatomprom announced plans to increase its uranium fuel pellet shipments to China by one hundredfold, from 2 metric tons this year to 200 metric tons in 2013 or 2014 (Bloomberg, August 22). This is welcome... MORE