Latest Articles about Economics
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
Economic and Defense Ties Between Turkey and Israel in Crisis
In the wake of the flotilla crisis between Israel and Turkey, attention is shifting to the question of what this development might mean for their bilateral relationship. Angered by the Israeli army’s treatment of Turkish citizens seeking to break Israel’s blockage of Gaza, which resulted... MORE
Brazil and Argentina: China’s Growing Foothold in Latin America
On May 21, Norwegian oil company Statoil announced that it agreed to sell 40 percent stake ($3 billion) of the Peregrino field located in the Campos basin offshore of Brazil to Chinese state-owned Sinochem Group. The Peregrino announcement closely follows the disclosure in March that... MORE