Latest Articles about Economics
China Secures Trade Surplus With Russia
Russia has sought to expand its trade with China in an apparent bid to prop up what was officially denoted as the strategic partnership between the two nations. Meanwhile, as bilateral trade recovered, China has regained a surplus in its trade with Russia. The official... MORE
The Karakoram Corridor: China’s Transportation Network in Pakistan
In China’s quest to secure raw materials, resources and markets, Beijing has laid out a sophisticated blueprint to develop a region-wide transit corridor throughout the subcontinent. In the Himalayas, it has built rail, road and air networks that can support the Chinese military’s logistic supply... MORE
Ukrainian Government Formulates Liberal Tax Reform
On September 3, the Ukrainian government presented a tax reform which should make the country more attractive to foreign investors and promote economic reform. Prime Minister, Mykola Azarov, stated that Ukrainian taxes would “probably be the lowest in Europe” (UT1, September 3). Several of the... MORE
The Caspian Sea: China’s Silk Road Strategy Converges with Damascus
The Caspian region is becoming enmeshed in a web of overlapping political, military, trade and energy interests of countries extending from Asia, to the Middle East, to Russia, to Europe. Given the rising instability of Middle East energy supplies, the Caspian basin has emerged in... MORE
Armenian Economy Recovers Faster Than Expected
Armenia’s economy is emerging from its first major downturn since the early 1990’s faster than expected, helped by similar recovery globally. Official statistics show that it expanded by 6.7 percent in the first half of this year and surpassed even the most optimistic government expectations.... MORE
Opposition to OSCE Police Forces Grows in Kyrgyzstan
More Kyrgyz political activists are speaking out against the prospective deployment of the Organization for Security and Cooperation in Europe’s (OSCE) 52-member Police Advisory Group. Infringement of the country’s sovereignty, limited capacity to improve the situation in southern Kyrgyzstan, and the potential for increased instability... MORE
Major Overhaul of the North Caucasus’ Transit System is Postponed
Russian Transportation Minister, Igor Levitin, toured the North Caucasian republics from July 31 to August 3. During that visit he announced several highway reconstruction projects, and unveiled plans for consolidation of the air transport industry in the North Caucasus. At the same time, however, he... MORE
The Second Anniversary of the Russian “Victory” is Barely Noticed
Two years ago, Russian tanks stopped on the outskirts of Tbilisi before slowly rolling back to the devastated Tskhinvali, but nobody in Russia appears interested in celebrating or even reflecting on that “victory,” which is still broadly approved by public opinion (www.levada.ru, August 4). Russian... MORE
China’s Brain Drain Dilemma: Elite Emigration
A popular Internet writer recently caused a stir when he asserted that “all Chinese who earn more than 120,000 yuan ($17,650) a year want to immigrate.” While this view is exaggerated, there is no denying the upsurge in Chinese emigration to Western countries—particularly the United... MORE
IMF Approves New Loan for Ukraine
On July 28, the International Monetary Fund (IMF) approved a $15 billion loan for Ukraine, as most observers expected (EDM, July 21). Ukraine received the first $1.9 billion tranche almost immediately, Serhy Tyhypko, the Deputy Prime Minister in charge of economic reform, announced (Ukrainski Novyny,... MORE