Latest Articles about Economics

Belarusian President Boycotts Moscow’s CSTO Summit

Belarus refused to attend the Collective Security Treaty Organization (CSTO) summit in Moscow on June 14. The summit made decisions to enlarge the size of collective rapid deployment forces, the scope of their missions, and the legal basis of their operations.President Alyaksandr Lukashenka cancelled the... MORE

Turkey Reports Signs of Economic Recovery

Data recently released by the Turkish Statistics Institute (TurkStat) has raised expectations that the economy might be on its way to recovery. According to TurkStat, the capacity utilization rate within the Turkish manufacturing sector increased for the third consecutive month in May (www.tuik.gov.tr, June 10).... MORE

Putin Resolves Protest in Pikalevo

A mass riot induced by the developing economic crisis, served to confirm the identity of the real boss and decision maker in Russia. While Russian President Dmitry Medvedev was speaking to the World Economic Forum in St. Petersburg on June 4, Prime Minister Vladimir Putin... MORE

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

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

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

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

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