Latest Articles about Economics

Putin Attempts to Reinvent the Customs Union As a Eurasian Bloc
Russian Prime Minister Vladimir is yet to win the presidency formally next year, but he has already laid out ambitious foreign policy plans in regard to former Soviet states, Russia’s “traditional sphere of influence,” as the Kremlin often defines it. In his recent op-ed piece... MORE

Putin Prioritizes Rebuilding the Lost Empire
This week, Prime Minister Vladimir Putin – the ruling United Russia party’s official candidate for reelection as president for a third six-year term next March – published a major policy article in the Izvestiya daily. Putin announced a long-term strategy to build a Eurasian superstate... MORE

Moscow Considers North Korean Debt Write-Off
As Moscow reiterated its promises to write-off much of Pyongyang’s Soviet-era debt, Russia once again tried to offer Kim Jong-Il some economic carrots in an apparent bid to play a bigger role in international efforts to defuse tensions on the Korean Peninsula.Russia’s renewed efforts to... MORE

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