Latest Articles about Economics
China’s New Historic “Leap” Narrative: Coverup for the Zero-COVID Policy Failure?
Introduction With Chinese authorities having shifted away from a zero-COVID policy at the end of November, the country now faces an unresolved dilemma as to its future approach to economic development and public health policies. A critical question is: will the Dengist doctrine of "Reform... MORE
Xi’s Anti-Corruption Campaign: Yunnan Province in Focus
Introduction At the 20th National Congress of the Chinese Communist Party (CCP) last October, General Secretary Xi Jinping lauded the achievements of his anti-corruption campaign, reminding the audience that a total of 207,000 “top leaders” (一把手) at all levels had been investigated by the discipline... MORE
South Korea Grounds Its Position in the Central and East European Defense Market (Part Two)
*Read Part One here. The recently established military relationship between South Korea and Poland is a multidimensional phenomenon, reaching beyond security in its traditional meaning. In fact, large-scale arms contracts are almost always politicized and followed or accompanied by intensified economic ties. Certainly, in the... MORE
Russo-Indian Economic Ties During Wartime: Oil, Currency and the Arctic
Following the launch Russia’s all-out war of aggression against Ukraine and growing international economic-political isolation, the Kremlin’s contacts with major regional and international powers have shrunk to three primary players: China, India and Turkey. Specifically, current and prospective ties are being cultivated between Moscow and... MORE
Russia Seeks to Circumvent the Advancing Western Alliance in Africa
The broad coalition built last week for supplying main battle tanks to Ukraine signifies a new surge in strengthening the unity of the US-led Western alliance, and Russia has had no response to this upgrade. It will take a few months to train and equip... MORE
Prospects for Ukraine’s Economy in 2023 Remain Cautiously Optimistic
Russia’s re-invasion of Ukraine in February 2022 took a heavy toll on the Ukrainian economy. Moscow focused on destroying the Russian-speaking industrial heartland in the southeast, displacing millions of workers, damaging crops, smashing the power grid and blocking exports from Ukraine’s seaports. As a result,... MORE
Uncertain Political Consequences Hamper Proposed Russian-Kazakhstani-Uzbekistani Gas Union
In recent weeks, Russia, Kazakhstan and Uzbekistan have been hotly discussing the possibility of establishing a trilateral natural gas union among the three countries. The union, proposed by Russian President Vladimir Putin, is an alliance that aims to coordinate efforts to transport Russian gas through... MORE
Will Abkhazia Become the ‘Georgian Monaco?’
On December 28, 2022, Georgian Prime Minister Irakli Garibashvili remarked that the breakaway Autonomous Republic of Abkhazia, which has been under Russian control since 1993, “has huge potential for turning into another Monaco and Abkhazian capital Sukhumi—into the new Monte Carlo” (Tabula.ge, December 27, 2022).... MORE
The Skyrocketing Costs for Russia’s War Effort
The final deficit of the Russian federal budget for 2022 appeared to be 3.35 trillion rubles, almost $48.8 billion according to the average exchange rate during the year. Although, the ruble became a partially convertible currency after the beginning of Moscow’s aggression against Ukraine, and... MORE
Capacities and Dimensions of Russian Investment in Iranian Oil and Gas Fields
On July 19, 2022, the National Iranian Oil Company (NIOC) signed a memorandum of understanding (MoU) with Russian gas company Gazprom worth close to $40 billion. The deal was signed by the CEOs of both companies during a virtual ceremony on the same day that... MORE