Latest Articles about Economics
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Medvedev Promotes Intellectual Economy and Putin Resorts to Soviet Methods
On June 6-7 the Economic Forum in St. Petersburg had a far more somber atmosphere and a greatly reduced entertainment program than last year, when Russia was still portrayed as an "island of stability" in the sea of troubles. The central event was again the... MORE
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German Election-Year Politics Facilitates Russian Take-Over of Opel
With its 25,000 employees, four major production plants in as many German states, generating business for thousands of German suppliers and dealerships, and a traditional iconic status, Opel has become a highly sensitive issue in this election year in Germany. The company is loss-making and... MORE
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German Auto Maker Opel Passes from American to Russian Hands
A "friends-of-Putin" consortium is about to acquire the German automobile manufacturer Opel, a subsidiary of the bankrupt U.S. company General Motors. The move is seen as the largest industrial acquisition in Europe by Russian interests since 1991. It marks an advance in the expansion of... MORE
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Russia Promotes Joint Ventures with Mongolia
The Kremlin has reiterated its pledges to implement sizable infrastructure development projects in Mongolia in an attempt to boost bilateral economic ties. On ?May 13, the Russian Prime Minister Vladimir Putin visited Mongolia, urging the country to create new major joint ventures and develop agricultural... MORE
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Russia Braces for the Next Wave in the Economic Crisis
On May 25, the Russian President Dmitry Medvedev presented his budget address during a Kremlin meeting with cabinet members and parliamentary chairmen. "In 2009, unfortunately, we expect a sharper fall in GDP than we had thought," Medvedev said. "The global economic crisis is far from... MORE
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Food Security in Africa: China’s New Rice Bowl
The People's Republic of China (PRC) is home to 22 percent of the world’s population, but has only 7 percent of its total arable land. Following the Chinese people's recovery from the humanitarian disaster of the "Great Famine," which according to one authoritative account contributed... MORE
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Cross-Strait Matrix: The Economic Cooperation Framework Agreement
Against the backdrop of the reeling global economy, Taiwan-China rapprochement has shown steady and, at times, dramatic progress. The Economic Cooperation Framework Agreement (ECFA) put forward by Taiwan's Kuomintang (KMT) administration under President Ma Ying-jeou is being used by Taipei and Beijing as the main... MORE
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International Monetary Reform and the Future of the Renminbi
Since People's Bank of China Governor Zhou Xiaochuan’s proposal for reforming the international monetary system was published on March 23, there have been new developments with regard to the international use of the Chinese currency Renminbi (RMB). The historical context of Governor Zhou’s proposal and... MORE
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The Panda Hugs the Tucano: China’s Relations with Brazil
Brazil is the largest developing country in the Western Hemisphere, and China is the largest developing country in the world. According to some Western estimates, the combined economies of the BRIC (i.e. Brazil, Russia, India and China) countries would surpass the combined economies of the... MORE
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The U.S.-China Strategic and Economic Dialogue: Continuity and Change in Obama’s China Policy
Engagement between Beijing and Washington operates on many levels but none is more critical than a regularized mechanism for strategic discussion by the top officials in economics and foreign policy. While Presidential summitry is extremely valuable, it is too infrequent and too brief to cover... MORE