Latest Articles about Economics
Putin Losing the Wars He Started
The word “war” is presently banned in the official Russian discourse on Ukraine, but in fact the “special military operation,” launched on President Vladimir Putin’s order in the early morning hours of February 24, includes several wars fought in different domains. The massive re-invasion of... MORE
At National People’s Congress, Strong Emphasis on Stability Militates Against Reform
The slogan “seeking progress in the midst of stability” sums up Premier Li Keqiang’s annual Government Work Report (henceforward- the Report) to the National People’s Congress (NPC), which opened in Beijing on Saturday, March 5. The major thrust of the Report centers on maintaining a... MORE
China’s Debt-Trap Diplomacy and Central Asia
On January 25, China and Central Asia celebrated 30 years of diplomatic relations. In his speech, Chinese President Xi Jinping pledged $500 million in grants for socially important projects in the region over the next three years (Fergana.ru, January 26, 2022). The aid was announced... MORE
Russia’s War on Ukraine Exposes Western Balkan Divisions and Dangers
Russia’s war on Ukraine reverberated throughout the Balkans, exposing regional divisions, allegiances with foreign powers, and security vulnerabilities. While North Atlantic Treaty Organization (NATO) members Croatia, Montenegro, Albania and North Macedonia offered full support to Ukraine, the reaction of Serbia appeared in stark contrast to... MORE
The Countries of the South Caucasus Cautiously Follow the Russia-Ukraine War
On February 26, Azerbaijan donated a reported €5 million ($5.6 million) worth of medicine and medical equipment as humanitarian relief to Ukraine (Marja.az, February 26). The aid was announced by Ukraine’s President Vladimir Zelenskyy on Twitter soon after his telephone call with Azerbaijani President Ilham... MORE
City of Vice: Macau, Gambling, and Organized Crime in China
Introduction In November 2021 and January 2022, the Macau Special Administrative Region (SAR) Judiciary Police arrested 13 individuals involved in operating two separate casino VIP customer “junkets” for engaging in illegal gambling activities, running a criminal syndicate, and money laundering (Macau Judiciary Police, November 29,... MORE
Economic Sanctions Deepen Societal Divide in Belarus
On February 18, Belarusian President Alyaksandr Lukashenka visited Moscow and held talks with his Russian counterpart, Vladimir Putin. In a statement to the media, Lukashenka mentioned that military-political issues have taken center stage due to “our Western partners […] scaring the whole world that tomorrow... MORE
Russian Propagandists Justify Aggressive Policies as a Battle Against the ‘Western Yoke’
The Kremlin’s official recognition of the so-called Donetsk and Luhansk “people’s republics” (DPR, LPR) on Monday, February 22, further aggravated the confrontation between Russia and the West. As if preparing for such a scenario, Russian ideologists and propagandists had recently come up with a new... MORE
Demographic Shifts Change Power Relations Within and Between Post-Soviet States
Over the last 30 years, demographic shifts in each of the post-Soviet countries have changed power relations both within and between them. The most obvious changes are in the size of the populations of each state, with declines in nine of the fifteen and increases... MORE
Chancellor Scholz Brings a Russia-First Approach to Ukraine
German Chancellor Olaf Scholz held talks with Ukrainian President Volodymyr Zelenskyy in Kyiv on February 14 and went on to meet with Russian President Vladimir Putin in Moscow the following day. Preceding Scholz was French President Emmanuel Macron, who met with Putin and Zelenskyy (in... MORE