Latest Articles about Economics
Sustainable Energy—A Hidden Agenda of Russia’s 2021 Eastern Economic Forum
The Sixth Eastern Economic Forum 2021 (EEF-2021), which convened delegations from 60 countries, took place on September 2–4, in Vladivostok, at the Far Eastern Federal University. A symbol of Russia’s “Pivot to Asia” strategy and its growing socio-economic, business, and cultural integration in the Asia-Pacific... MORE
Nord Stream Two Construction Completed, but Gas Flows Unlikely in 2021
On September 10, the project company Nord Stream 2 AG informed that the last weld has been finished, making the Nord Stream Two natural gas pipeline fully complete from a technical perspective (Nord-stream2.com, September 10). At the same time, speculation in the media began to... MORE
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
Early Warning Brief: Implications of Xi’s Revival of the Maoist Slogan “Common Prosperity”
Introduction The Chinese President Xi Jinping has masterminded a major policy shift for the world’s second largest economy by underscoring the imperative of “common prosperity” (共同富裕, Gongtong fuyu). At a recent meeting of the Central Finance and Economic Affairs Commission (CFEC), which he leads, Xi... 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
The Alat Free Economic Zone’s Role in Azerbaijan’s Long-Term Geo-Economic Strategy
The Azerbaijani authorities held a groundbreaking ceremony on July 1 for the planned Alat Free Economic Zone (AFEZ), which will be linked to the new Baku International Seaport also under construction near the village of Alat, around 50 miles south of the capital of Baku... MORE