Latest Articles about Economics

Baltic Sea Countries Utilize LNG and Offshore Wind to Secure Energy Independence
On August 30, eight Baltic Sea littoral countries (Germany, Poland, Lithuania, Latvia, Estonia, Finland, Sweden and Denmark) signed the so-called Marienborg Declaration, agreeing on the necessity of “phasing out Russian energy and decarbonizing the energy sector” within the region (Regeringen.dk, August 30). The document itself... MORE

The 20th Party Congress and the Future of Elite Politics in China: An Interview with Willy Wo-Lap Lam
It is widely perceived that President Xi Jinping sees China as enmeshed in a broader struggle between an axis of authoritarian powers on the one hand and the U.S. and its allies, a coalition of (largely) liberal democracies on the other. What is driving Xi... MORE

The Economic Outlook for Xi’s Third Term: Mounting Challenges, Dwindling Fiscal and Monetary Options
Introduction China’s decade-long economic slowdown is accelerating. The pace has picked up since former U.S. President Donald Trump launched his trade war against China in early 2018, and even more so since the COVID-19 pandemic started in early 2020. This year has been particularly difficult... MORE

Beijing Signals a Harder Line Policy on Taiwan Through the 20th Party Congress and Beyond
Beijing Steps Up the Pressure on Taiwan in August Following the visit to Taiwan by U.S. Speaker of the House Nancy Pelosi in early August, military forces of the People’s Republic of China (PRC) conducted a high-profile series of military maneuvers around the island, intended... MORE

Kazakhstan in the Diplomatic Spotlight
Amid heightened tensions between Russia and Kazakhstan over the war in Ukraine, Astana is betting on high-level diplomacy to build international support for its sovereignty and territorial integrity. Pope Francis’ visit on September 13 for a highly publicized global interreligious summit coincided with the first... MORE

Anti-Russian Sanctions Increase Transit Role of Georgia
The Western sanctions imposed on Russia due to its aggression against Ukraine include a ban on overland cargo transit through Russian territory. This situation has highlighted new promising prospects for Georgia as a transit country (see EDM, April 19, April 20, June 9). Indeed, Georgia... MORE

Is De-Oligarchization of Georgia Possible?
In her July 13 speech in the European Parliament (EP), Lithuanian parliamentarian Rasa Jukneviciene stressed, when talking about the problems of Georgian democracy, that the main challenge goes by the name of one rich man. “Georgia seems to be in the captivity of one person,”... MORE

The Ukraine Grain Deal After 50 Days
On July 22, the Initiative on Safe Transportation of Grain and Foodstuffs From Ukrainian Ports (“Grain Agreement”) was signed in Istanbul, Turkey. The document unblocked three of Ukraine’s Black Sea ports for grain transportation. The first grain vessel left the port of Odesa on August... MORE

Putin Has Unsheathed His Energy Weapon Too Early—and Too Late
In early September 2022, Russian President Vladimir Putin spelled out his intention to punish Europe for resisting Russia’s assault on the world order and supporting Ukraine louder and clearer than ever before. Speaking at the high session of an economic forum in Vladivostok, Russia, Putin... MORE

Will the Xi Jinping Leadership Take Up Reformist Policies After the 20th Party Congress?
That President Xi Jinping and his faction will dominate the 20th Party Congress is apparent from the Politburo announcement that the week-long, five-yearly conclave will take place on October 16. The Politburo meeting, which was held on August 30, said that the guiding principle of... MORE