Latest Articles about Economics
China Building Africa’s Economic Infrastructure: SEZs and Railroads
Starting in the late 1990s, China's presence on the African continent experienced a phenomenal expansion. Far more profound changes, however, have been underway and may only become apparent in the next decade. These changes are likely to transform the regional economic landscape of the African... MORE
Ukraine Expects a New Loan From the IMF
Kyiv has made every effort to qualify for a new $14.9 billion loan from the International Monetary Fund (IMF), which it expects the IMF board to improve at the end of July. With no parliamentary or presidential elections on the horizon, and a victory in... MORE
Medvedev Moots Russia-Germany “Modernization Alliance”
What made the annual Russian-German summit, held in Yekaterinburg last week, an event loaded with “innovative” symbolism, was President, Dmitry Medvedev’s, attempt to set Russia’s foreign policy on a new Western-friendly course. He formulated a rather untraditional set of goals at the meeting with top... MORE
Russia Turns on Lukashenka
On July 5 at the Eurasian Economic Community’s Interstate Council in Astana, Belarus, Russia, and Kazakhstan agreed to form a Customs Union that came into effect the next day. Kyrgyzstan and Tajikistan may join at some point in the future. The Union between Russia and... MORE
Afghanistan in China’s Emerging Eurasian Transport Corridor
When Chinese officials consider their international economic interests, Afghanistan and Central Asia (sometimes referred to as “Greater Central Asia”) naturally come to mind. These countries possess an abundant supply of untapped natural resources, and they offer potential export markets as well as investment opportunities for... MORE
Beijing’s Record Revenue Haul Exacerbates Central-Local Tensions
While the world is still angst-ridden with the fragile recovery from the global financial crisis, there seems no end to auspicious tidings coming out of China. Riding on the back of robust exports–which grew by 33.2 percent the first half of the year–China’s economy is... MORE
Dagestan’s Increasing Backwardness Blamed on Insecurity and Corruption
On June 29, Dagestan’s President, Magomedsalam Magomedov, delivered his first annual presidential address to the parliament and people of the republic. Magomedov described the contemporary situation in the republic as “complicated, problematic and even prone to crisis.” He tried to strike a balance between criticizing... MORE
Major Reforms in the 12th Five-Year Plan?
As Western economies struggle to stave off contagion, Chinese leaders have been quietly working to chart the Middle Kingdom's triumphant return to the world's center stage. According to the most recent issue of Outlook Magazine (Liaowang), a weekly published by the official Xinhua News Agency,... MORE
Medvedev Attempts to Rationalize his “Modernization” Agenda
It is hardly a mystery for President Dmitry Medvedev that his “modernization” project is not going anywhere; it is, however, unclear whether this is an issue. Speaking at the St. Petersburg Economic Forum last Friday, he tried to portray Russia as a “country attracting people... MORE
Will Yanukovych’s Reform Plan Convince IMF?
Ukrainian President, Viktor Yanukovych, launched his long-awaited reform program with great fanfare, addressing the nation and parliamentarians from the lavish Soviet-style Ukraina palace in central Kyiv on June 3. The document, which details reform plans in the economic sector for 2010-2014, prepared with the help... MORE