Latest Articles about Economics

Beijing’s Blueprint for Tackling Mass Incidents and Social Management
China’s previous five-year plans were generally focused on the economy and little else. Yet, the outline of the 12th Five-Year Blueprint on Economic and Social Development for 2011 to 2015 (hereafter Blueprint), which was released at the end of the National People’s Congress (NPC) last... MORE

Russia’s WTO Membership On Track or Not?
On March 10, Russia and Georgia held their first meeting in a new round of negotiations over Russia’s World Trade Organization (WTO) bid. Maxim Medvedkov, Russia’s chief negotiator, and Tamar Kovziridze, the Georgian prime minister’s senior aide and long time negotiator over WTO issues, held... MORE

China Seeks Uranium Ore in Kazakhstan
Future prospects for cooperation between China and Kazakhstan were high on the agenda during President Nursultan Nazarbayev’s visit to Beijing on February 21. This overshadowed all other complicated and long-drawn out issues like the water sharing on Ili and Irtysh Rivers, on which a preliminary... MORE

Ukraine Sells Fixed-Line Operator to Austrian Investment Company
On March 11, the government privatization agency State Property Fund (SPF) signed documents selling 92.8 percent of the fixed-line operator Ukrtelecom shares to ESU, the Ukrainian daughter of the Austrian company EPIC (European Privatization and Investment Corporation). This is the biggest privatization deal since 2005,... MORE

Russian Energy Projects in the Black Sea Reach End of an Era
Turkish Prime Minister, Recep Tayyip Erdogan’s, March 16-17 Russia visit capped a four-week period of spectacular changes to Russian energy transit projects, in the Black Sea and beyond. During these critical weeks, Russia abandoned the Trans-Balkan (Burgas-Alexandropoulos) oil pipeline project, which it had planned for... MORE

Erdogan’s Moscow Visit Produces Mixed Results
On March 15, Turkish Prime Minister, Recep Tayyip Erdogan, accompanied by a large delegation of businessmen and cabinet members, travelled to Moscow. Though on balance it produced mixed results, the visit constitutes yet another major step in the flourishing Turkish-Russian ties, characterized as a multi-dimensional... MORE

Russia’s Economic Relations With Japan Faces Continued Uncertainty
Russian officials pledged to assist neighboring Japan, hit by an unprecedented series of disasters, but in recent months, Moscow has struggled to forge stronger economic ties with Japan. On March 14, President Dmitry Medvedev held telephone talks with Japanese Prime Minister Naoto Kan and offered... MORE

Food Security Problems in Central Asia Challenge Local Regimes
Food security serves as an indicator of any country’s ability to ensure supply, affordability, and safety of food for its population. But it can also be a barometer, testing the effectiveness of public institutions and legitimacy of governments. In the case of the landlocked Central... MORE

Beijing’s “Wei-Wen” Imperative Steals the Thunder at NPC
Beijing’s efforts to uphold socio-political stability—and to crush a potential Chinese-style “Jasmine Revolution”—have dominated this year’s plenary session of the National People’s Congress (NPC). The Chinese parliament has approved a budget for wei-wen, an omnibus term that encompasses maintaining law and order, squashing dissent and... MORE

Kazakhstan to Kick Off its “People’s IPO” With KazMunaiGaz
Kazakhstan’s President Nursultan Nazarbayev has announced that five percent of London-listed KazMunaiGaz Exploration and Development (KMG EP), a subsidiary of the national oil and gas company KazMunaiGaz (KMG), will be floated on the Kazakh stock exchange in 2011. These shares are worth $500 million and... MORE