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

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

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

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