Latest Articles about Economics
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
Kalmykia: Russia’s Emerging Powder Keg?
On May 29, the third Chuulhn Congress convened in Elista, the capital of the Republic of Kalmykia, in southwestern Russia. Nearly two hundred ethnic Kalmyks from the republic, as well as Moscow and Mongolia, took part in the assembly of this highest representative body of... MORE
Belarus Struggles to Circumvent Western Sanctions Against Its Oil Industry
On July 29, Belarusian President Alyaksandr Lukashenka appointed Mikhail Kostechko to serve as the new general director of the country’s main oil products trader, Belorusskaya Neftyanaya Kompaniya (BNK), and ordered him to maintain foreign market share regardless of the activity of the “Western scumbags” (President.gov.by,... MORE
Charles Michel Tries to Keep Georgia From Leaving the European Orbit
On July 29, Charles Michel, the president of the European Council (the main policy-setting body of the European Union), released a statement in response to the unexpected decision of the ruling Georgian Dream (GD) party to annul the accord of April 19, 2021 (Interpressnews, July... MORE
Putin’s Response to Bridge Collapse Highlights Infrastructure and Political Problems
The collapse of a single short river crossing on the Trans-Siberian Railroad 300 kilometers from Chita, in late July, and President Vladimir Putin’s immediate decision to convene a meeting of the Russian Security Council to decide how to correct the situation highlight both the serious... MORE
Putin’s Paranoia, More Than Nuclear Weapons and Oil, Make Russia Dangerous
The remarks by United States President Joseph Biden at the Office of the Director of National Intelligence last week (July 27) made a strong but ambivalent impression in Moscow. His warning regarding Russian misinformation and interference in the 2022 mid-term elections in the US was... MORE
What the 2020 Chinese Census Tells Us About Progress in Hukou Reform
Introduction The People’s Republic of China (PRC) recently published its seventh national ten-year 2020 Census results, which led to much discussion and commentary about the development implications of low population growth and a rapidly aging population (e.g., China Brief, May 21). Fewer have noted insights... MORE
China Assuming New Dominance in Turkmenistan
Turkmenistan’s longstanding neutrality has kept it out of Russian regional security arrangements like the Shanghai Cooperation Organization (SCO) and the Collective Security Treaty Organization (CSTO), which has constrained the level of influence Moscow could have in this notoriously insular Central Asian republic. But now, China... MORE