Latest Articles about Economics

Azerbaijan and Georgia Initiate New ‘Great Game’ With Europe

On October 24, Azerbaijani President Ilham Aliyev arrived in Georgia for a one-day working visit. The abrupt nature of Aliyev’s visit was characterized as “strange” and “mysterious” by many experts in Tbilisi (Civil.ge; Netgazeti.ge, October 24). Indeed, the brevity of the visit and its format... MORE

Russia in Search of New Gas Markets

Since the start of the Russian all-out assault on Ukraine on February 24, Gazprom’s natural gas supplies to Europe have been cut by approximately 80 percent (Bruegel.org, November 22). Such a drastic reduction is primarily due to Moscow’s own decisions aimed at stoking political and... MORE

China’s Economy: More Debt than Meets the Eye

Introduction Since the beginning of this year, investment banks and international financial organizations, including the International Monetary Fund and the World Bank, have steadily downgraded their forecasts for the People’s Republic of China’s (PRC) GDP growth in 2022 to around 3.2 percent (Nikkei Asia, October... MORE

After Samarkand Summit, the OTS Charts a More Independent Course

On November 11, a summit of the leaders of the Organization of Turkic States (OTS) convened in Samarkand, Uzbekistan (Report.az, November 5). This major gathering came amid the OTS’s re-emerging significance as a key regional organization and a critical platform for rapprochement between the Central... MORE

Russia’s Defense Industry Growing Increasingly Turbulent

Moscow has actively tried to restore at least part of its arms lost in Ukraine after almost nine months of its bloody war. Publicly, the Kremlin declares that nothing crucially serious is plaguing this re-production and that the domestic defense factories will have no problem... MORE

Downplaying the Fall of Kherson, Moscow Aims to Freeze War

The liberation of Kherson by Ukrainian forces on November 11 was both predictable and surprising. The strategic imperative for withdrawing Russian troops from the indefensible position along the west side of the Dnipro River had been abundantly clear long before the “difficult decision” presented by... MORE

Russia’s Position in Central Asia Continues to Slip

A major casualty of Russia’s full-scale aggression against Ukraine has been its weakening position and leverage in Central Asia. In truth, this war has plainly demonstrated Moscow’s risky imperial impulses are clearly damaging the region. The most obvious example of the region distancing itself from... MORE