Latest Articles about Economics

The Rise of Prison Labor in the Russian Economy
Moscow’s war against Ukraine has resulted in serious military and economic losses for the Russian Federation. The Kremlin has tried to mitigate the effect of stringent Western sanctions through a combination of non-compliance with the oil price ceiling, evading sanctions via third parties, and high... MORE

Hong Kong: The Keystone in China’s Economic Statecraft
The recent decision by Hong Kong to join China in banning Japanese seafood took many observers by surprise (Reuters, August 23). At first glance, the ban seemed an overblown reaction to Japan's handling of nuclear wastewater, which many international bodies have deemed safe and compliant... MORE

Chinese National Security Laws Hinder Foreign Companies’ Operations in China
Investigations into alleged misconduct and criminality by companies are to be expected, and welcomed, in any country. However, the problems facing foreign companies in the People’s Republic of China (PRC) depart from normal legal checks and balances. The lack of separation between the judiciary and... MORE

US Summit Reflects Decline in Russia’s Position in Central Asia
Numerous accounts of Russia’s position and influence in Central Asia have commented on Moscow’s declining standing there. Those results are visible in the clear unhappiness of Central Asian governments with the war in Ukraine, what they perceive as Russia’s failure to take their interests seriously.... MORE

China’s Anti-Corruption Efforts Gain Momentum in Finance and Healthcare
Editor’s note: Tables at the end of the PDF version of this article detail a selection of the officials who have been investigated as part of probes into the health and financial sectors this year. On September 27, Chinese President Xi Jinping presided over a... MORE

Security Implications of China’s Auto Dominance
At the end of September, the 2023 China International Automobile Exhibition opened in Tianjin. An official representing the China Council for the Promotion of International Trade (CCPIT) delivered a speech, announcing that China's automobile exports are expected to exceed four million units this year (Kuai... MORE

Russia Struggles to Manage Defense and Security Budgets
At the end of September 2023, a draft of the Russian federal budget for 2024 and the 2025–26 planning period was introduced to the State Duma. Fiscal revenues for 2024 are planned to be 35.07 trillion rubles ($418.5 billion, according to the average exchange rate... MORE

The West’s Approach to Belarus Pushes Minsk Closer to Moscow
Western policy toward Belarus depends on policymakers’ willingness to scrutinize the facts on the ground. In this regard, two narratives undergirding the West’s approach are at war with one another. Some argue that Belarus has become inseparable from Russia and that there is no need... MORE

Kazakhstan Cautiously Builds Ties With China
After the mass protests of January 2022, Kazakhstan has sought to distinguish itself from the economic and foreign policy failures of the former Nursultan Nazarbayev administration. In September 2023, Kazakhstani President Kassym-Jomart Tokayev shared his vision to ameliorate Kazakhstan’s “dependence on raw materials, low labor productivity,... MORE

Turkey Supports Azerbaijan’s Operation in Karabakh
On September 19, Azerbaijan launched an “anti-terrorist operation” in the Karabakh region against armed separatist forces. The operation followed three years of largely unproductive peace talks between Armenian and Azerbaijan following the Second Karabakh War in 2020 (TASS, September 19; see EDM, September 20). The... MORE