Latest Articles about Economics

Turkey’s “Economic Recovery” Raises Questions

The Turkish Exporters’ Assembly (TIM) announced statistics on Turkish export figures in July 2010. Turkey exported around $9.5 billion in goods, which amounted to a 5.97 percent increase since July 2009. Between January and July 2010, its exports increased by 13.14 percent compared to the... 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

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