Latest Articles about Economics
Central Asia Comes Together
Central Asia took its first steps toward regional integration soon after independence in the region in 1991. Yet, for several reasons, this integration failed. Even so, with the change in leadership in Uzbekistan in 2016, attempts to improve regional cooperation have been revived, this time... MORE
Russia’s Skyrocketing Defense Spending, 2022–2023
Russia’s continued aggression against Ukraine and the Kremlin’s attempts to escalate the political situation and prevent defeat on the battlefield through mobilization, nuclear blackmail and possibly even sabotage on gas pipelines in the Baltic Sea raise the question: How do all these factors influence the... MORE
Putin’s War in Ukraine Leading to Revival of GUAM
Twenty-five years ago this month, Georgia, Ukraine, Azerbaijan and Moldova formed the GUAM consultative forum to counter Russian efforts to keep them within Moscow’s orbit via the Commonwealth of Independent States (CIS) and to promote their own integration with the democratic West (Guam-organization.org, accessed October... MORE
Chinese Companies Are Reshaping Georgia’s Geography
On September 21, Chinese Foreign Minister Wang Yi met with Georgian Prime Minister Irakli Garibashvili in New York, during the United Nations General Assembly, and stressed the importance of the Middle Corridor (or Trans-Caspian International Transport Route, “TITR”), which runs directly through Georgia, for regional... MORE
Putin Sees Pakistan as Russia’s Priority Partner in South Asia
On September 15, Russian President Vladimir Putin, during a meeting with Pakistani Prime Minister Shehbaz Sharif on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Uzbekistan, declared Pakistan as one of Moscow’s primary partners in South Asia. As the Russian leader put it,... MORE
Nord Stream Explosions: Russian Sabotage in the Baltic?
On Monday, September 26, European media reported a significant loss of pressure in the Nord Stream Two pipeline. Shortly thereafter, Swedish Prime Minister Magdalena Andersson reported that a number of explosions had been recorded. Seismologists in Denmark and Sweden confirmed that they had registered the... MORE
Xi Jinping Thought on Diplomacy: Roadmap to Global Leadership?
Only a short time ago, the question of whether the People's Republic of China (PRC) aspires to global leadership was generally considered farfetched. However, President Xi Jinping’s recent announcements of the Global Development Initiative (GDI) at the UN General Assembly in 2021 and the Global... MORE
Exploring the Domestic Foundations of Chinese Economic Sanctions: The Case of Australia
More than two years have passed since the People’s Republic of China (PRC) began imposing a broad range of restrictions on Australian trade in what is widely regarded to be a campaign of economic coercion. Despite the apparent sanctions affecting numerous Australian export industries with... MORE
Sabotage of Nord Stream Pipelines and Gazprom Policies Fuel Gas Fears in Europe
At the end of September 2022, four separate leaks were reported on the Nord Stream One and Nord Stream Two pipelines (Svd.se, September 29). Based on preliminary evidence, the damage was deemed to be caused by deliberate acts of sabotage and not resulting from natural... MORE
Creeping ‘Yuanization’ of the Russian Economy: Prospects and Implications
On September 12, Russian President Vladimir Putin stated that, given mounting economic sanctions, full “de-dollarization” of the Russian economy is only a matter of time (RBC, September 12). Putin`s remark was preceded by a statement from Russian Deputy Finance Minister Alexey Moiseev, who argued that... MORE