Latest Articles about Economics

Middle Corridor: Potential Alternative to Russian Railways?

The Russo-Ukrainian war has cast doubt on the sustainability of the Chinese Belt and Road Initiative’s (BRI) “Northern Corridor” because of mounting Western sanctions on this overland route’s key links—Russia and Belarus (see EDM, April 8, 18). The growing vulnerability of the Northern Corridor, which... MORE

Russia’s Quick Victory Vanishes, as Protracted War Looks Inevitable

Russia has revised its war plan multiple times during the, so far, seven-week-long, ill-conceived large-scale invasion of Ukraine, yet it still remains incompatible with both tactical imperatives and political ambitions. The consecutive revisions themselves have been flawed in different ways: if the initial “Blitzkrieg” design... MORE

Strange Days in Shanghai

Over the past two years, deserted cityscapes have become a distressingly common sight, but the images of totally empty thoroughfares in the usually pulsating city of Shanghai are striking (The Paper, April 2). By late March, government authorities reported that Shanghai had recorded 30,000 COVID-19... MORE

Central Asia and Russia Sanctions: Threats and Opportunities

International sanctions imposed on Russia in the wake of its massive re-invasion of Ukraine present both challenges and opportunities for Central Asian economies, which are spread asymmetrically across the region. Turkmenistan is, of course, an outlier case given its insularity and lack of truly verifiable... MORE