Latest Articles about Economics

Lukashenka Fires National Bank Chairman

On July 18, Belarusian President Alyaksandr Lukashenka dismissed the chairman of the National Bank of Belarus, Pyotr Prakapovich. Last month, Lukashenka asserted that the latter had “made mistakes” (Bloomberg, June 23). No replacement was announced, so in the meantime Yury Alymov continues as acting chairman.One... MORE

Time For Kyiv to Choose Between East and West

Although Ukraine has mended fences with Russia and made progress in the political association and free trade talks with the EU since Viktor Yanukovych’s election as president in February 2010, additional movement in both directions simultaneously is hardly possible. The multivector policy, which was chosen... MORE

Kazakhstan Boosts Construction of Euro-Asian Transport Corridors

As international efforts to restore the ancient Silk Road gather momentum, Kazakhstan has intensified construction of major transportation arteries across its territory. Astana views the development of transport corridors together with economic diversification as key tools for strengthening its national sovereignty. Moreover, boosting transport and... MORE

Moscow Sets Out Ambitious Asian Policy Goals

The Russian government has reiterated its pledges to spend billions of rubles in government funding to speed up the development of the country’s Far East in a bid to create a gateway to the booming Asia-Pacific Region. Russia hosting the Asia-Pacific Economic Cooperation (APEC) summit... MORE

Cloud Computing Zone Tests “Chongqing Model”

In March 2011, the municipal government of Chongqing announced its intention to construct a special economic “cloud computing zone” (yun tequ), the largest such zone in Asia (Nanfang Zhoumo, June 16). Not only will this initiative offer participating foreign companies with the unique IT services... MORE

Local Debt Problems Highlight Weak Links in China’s Economic Model

The Chinese Communist Party (CCP) leadership’s apparent failure to rein in reckless borrowing by local administrations has raised serious questions about the efficacy of the country’s stimulus package—and the viability of its vaunted economic model. Last month, the National Audit Administration (NAA) disclosed that regional... MORE