Latest Articles about Economics
Azerbaijan Seeks New Partners to Diversify its Economy
On March 19, during the launch of construction works for the large shipbuilding factory in the outskirts of Baku, President Ilham Aliyev announced: “At the moment, in Azerbaijan, we are conducting a policy of large-scale industrialization” (Azertaj news agency). As he made the statement, he... MORE
Strategic Implications of China’s Access to the Rajin Port
At the recently concluded National People's Congress (NPC), Chinese Communist Party (CCP) Deputy Secretary-General of the Yanbian Korean Autonomous Prefecture in Jilin Province, Li Longxi, announced that North Korean authorities are currently studying a proposal to grant a 10 year extension to China's lease of... MORE
Russia and Kazakhstan Consider Reviving Bilateral Trade
Moscow and Astana have reiterated their earlier pledges to boost bilateral economic and energy partnership. However, the two former Soviet states have proved slow to complete existing energy projects, while bilateral trade has also declined. During a meeting in Moscow, between Russian Prime Minister, Vladimir... MORE
Shifting Regional Dynamics Force Russia to Suspend Promised Loan to Kyrgyzstan
The financial crisis and energy deficits have significantly exacerbated political and economic tensions in Kyrgyzstan. It is in these circumstances that the Kyrgyz leadership secured a $2.15 billion package from Russia in 2009, allegedly in exchange for the closure of United States base from the... MORE
Beijing Seeks Paradigm Shift in Geopolitics
China’s on-going tussle with the United States over issues including Taiwan, Tibet and trade is in a sense nothing new. For more than two decades, Sino-U.S. relations have periodically gone through rough patches over these and related causes of disagreement. What is new is China’s... MORE
China Assesses its Gold Reserve Strategy
As the U.S. economy dithers through a fragile global recovery, Chinese leaders are convening in Beijing for the annual plenary session of the National People's Congress (NPC)—China's ceremonial legislature—that begins March 5. The purpose of the meeting is to "hammer" out, among other things, a... MORE
Armenian Economy Emerging From Recession
Armenia appears to be emerging from its first economic downturn in over 15 years, which was triggered by the global financial crisis. The latest macroeconomic data released by authorities in Yerevan suggests that its unfolding economic recovery may well surpass government expectations for this year.After... MORE
New Strains in the U.S.-China-Taiwan Strategic Triangle
The triangular security relationship between the United States, China and Taiwan is under strain again. The January 29 announcement of the $6.4 billion U.S. arms sales package to Taiwan marks a low point, but no major change in direction, for a U.S.-China relationship that began... MORE
Deepening Chinese Stakes in West Africa: The Case of Ghana
In the first nine months of 2009, Chinese companies launched 14 projects in Ghana and topped the list of foreign firms registered in terms of Foreign Direct Investments (FDIs) in the country [1]. This trend follows in line with China’s growing footprint in the rest... MORE
Ukraine: Largest Ailing Bank Nadra Remains in Limbo
The National Bank of Ukraine (NBU) has rejected the government plan to liquidate Nadra, the largest among Ukraine’s ailing banks. The only potential investor interested in Nadra, energy and chemical tycoon Dmytro Firtash, failed to persuade the NBU to sell Nadra. Nadra remains in limbo... MORE