Latest Articles about Economics
Russia Preparing to Buy Allies Through Anti-Crisis Assistance
While facing a financial and economic crisis of its own, Russia has launched an ambitious program of anti-crisis subsidies to several loyalist governments. The program seeks to consolidate a sphere of Russian economic and political influence in selected countries. Moscow plans to disburse those subsidies... MORE
Gul Meets with King Abdullah as Turkey Seeks Saudi Investments
From February 3 to 5 Turkish President Abdullah Gul is visiting Saudi Arabia as King Abdullah's official guest. Gul is accompanied by several members of the Turkish cabinet as well as about 150 Turkish businessmen. Since the visit comes amid discussions on how to bring... MORE
China’s Economic Downturn: Employment is The Critical Issue
The economic slowdown in China started in the second half of 2007: well before the effects of the subprime crisis in the United States began to be felt internationally. The initial downturn was orchestrated by the Chinese government, which aimed at cooling an overheating economy... MORE
Gazprom to Reduce Gas Transit to Europe on Ukraine-Slovakia Route
Slovak Prime Minister Robert Fico and Gazprom Vice-President Aleksandr Medvedev have launched talks about creating a Slovak-Gazprom joint enterprise. They announced on January 23 in Bratislava that the proposed new entity would compete against SPP, a company that is owned jointly by the Slovak state... MORE
Faced with a Crippled Economy, Putin Strikes a Conciliatory Tone at Davos
The annual World Economic Forum in Davos was a somber event this year. Its trademark bragging and success stories and the schmoozing among the rich-and-famous were overtaken by the scale of damage from the global crisis that the forum had confidently talked out of existence... MORE
Turkey and the IMF Take a Break to Review Remaining Disagreements
After 18 days of intense negotiations on a new financial package, an International Monetary Fund (IMF) mission failed to reach an agreement with Turkey and left Ankara on Tuesday. Mehmet Simsek, the minister of state responsible for the economy, told reporters on Monday that the... MORE
Bakiyev Stifles Small and Medium Businesses, Further Angers the Public
Last December Kyrgyz President Kurmanbek Bakiyev amended the tax code, significantly increasing taxes for small and medium-sized businesses. A month later the effect of the new tax is being acutely felt, with numerous businesses shutting down and unemployment rising. In the meantime, the number of... MORE
Russia’s Sinking Economy and Wandering Politics
The high-intensity but low-yield gas war with Ukraine allowed the Russian leadership to engage in the bargaining and blackmailing that it thrives on. Now that Prime Ministers Vladimir Putin and Yulia Tymoshenko have struck a deal, which has left most observers puzzled about what the... MORE
Commodity Flux and China’s Africa Strategy
The commodity price decline has revealed to the Africans something of the nature of their friends. During the commodity price boom, China invested massively in Africa seeking to lock up as many raw materials as possible. Some in academia spoke confidently of China having a... MORE
CCP Provincial Committees’ Reports Highlight Growing Wealth and Urban-Rural Inequality
According to the provincial Chinese Communist Party's (CCP) second plenary committees' work report collected by Guangdong-based newspaper Nanfang Daily, the gap between the rich and poor is growing wider in many provinces of China. Among China’s 31 provinces (including municipalities and autonomous regions), 26 provinces... MORE