Latest Articles about Economics

Japan Increases Involvement in Central Asia

Almost two decades ago, Japan adopted the 5+1 approach to dealing with Central Asia, a model other outside players have copied. Now, Japan is increasing its involvement in the region given the Taliban’s recent victory, which has created new diplomatic opportunities but also uncertainties for... MORE

How U.S. Banks Push the Caribbean Toward China

Introduction The 14th Five-Year Plan adopted this past March has reaffirmed the significance of Renminbi (RMB) internationalization in China’s geopolitical ambitions (Gov.cn, March 13). Global RMB proliferation in cross-border trade would enhance China’s domestic financial security, which also makes it a key element of China’s... MORE

Tajikistan Breaks From Neighbors in Policy Toward Afghanistan

Confronted with the new Taliban government in Afghanistan, adjacent Tajikistan has broken from its Central Asian neighbors, which have largely adopted a conciliatory posture, and opted for a more confrontational approach. Speaking on the eve of Tajikistan’s 30th anniversary of independence and one day after... MORE

Kazakhstan to Let Russia Do the Heavy Lifting on Afghanistan

The recent fall of Afghanistan to the Taliban took many a government by surprise. Kazakhstan—Central Asia’s biggest economy, which has no shared border with Afghanistan but is nonetheless actively involved in the regional security dialogue—was no exception. On August 15, the day the Taliban conquered... MORE

The Unstable Equilibrium of Belarus’s Political Crisis

The political crisis in Belarus seems to have entered the stage of unstable equilibrium both inside the country and along its perimeter. A system in this position accelerates away from steadiness if displaced even slightly. As Yauhenii Preiherman, who heads the Minsk Dialogue platform, opined,... MORE

Kazakhstan Surges to Third Place in Global Crypto-Currency Production, Behind China and US

While many crypto-currency advocates worldwide promote this sector as the next step in international finance, multiple governments are becoming increasingly leery because of digital currencies’ energy-intensive mining requirements, volatile price swings, potential for fraud, associated criminal issues, and privacy concerns. China, formally the global leader... MORE