Latest Articles about Economics
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Russia’s Looming Year of Predictable Stagnancy
Recovering from the long seasonal holiday break, Russia usually begins a new year with high hopes and low activity. But last year had a strikingly different start, as President Vladimir Putin produced one of his trademark surprises and introduced a rushed constitutional reform initiative, which... MORE
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Understanding the Financial Picture Behind Ant’s IPO Suspension
Introduction Jack Ma’s good days have gone, at least for now. The IPO suspension of Chinese tech giant Alibaba’s Ant Group, merely two days before its scheduled dual listing on the Hong Kong and Shanghai stock exchanges drew global attention. Some argued that the IPO... MORE
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Is the RCEP China’s Gain and India’s Loss?
Introduction On November 15, fifteen nations in the Indo-Pacific region — including China, Japan, South Korea, Australia, New Zealand, and the ten ASEAN members Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia and the Philippines — signed the world’s largest trade agreement. Known as... MORE
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5G Technologies in Latvia Advance Military Capabilities and National Economy
In mid-November, Latvian officials inaugurated a 5G test site at the Ādaži military base, near Riga. The facility is the first of its kind not only in Latvia but throughout Europe. The 5G testing area will provide an opportunity for Latvian and allied armed forces... MORE
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Iran Rapidly Expanding Rail Links With Central Asia and Caucasus
The United States and other Western countries have worked long and hard to marginalize Iran as punishment for its transgressions on the international stage. Nevertheless, Iran’s neighbors as well as states further out, including Russia, China and the Central Asian republics, understand that their plans... MORE
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Azerbaijan Demands Compensation From Armenia for Destruction of Previously Occupied Territories
On November 11, a day after he signed the trilateral accord with Russia’s President Vladimir Putin and Armenia’s Prime Minister Nikol Pashinyan ending the Second Karabakh War, President Ilham Aliyev of Azerbaijan declared that “almost 99 percent of the liberated territories had been destroyed” (Azernews,... MORE
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Deepening Leadership Confusion Exacerbates Russia’s Multiple Crises
The scale of the complex disaster in Russia caused by the escalating COVID-19 pandemic becomes clearer with the incessant stream of bad news coming out of the country, even if official propaganda is strictly economical with the truth. Reports about a new test of the... MORE
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Is Crimea Now Costing Russia More Than It Is Worth?
In the euphoria that surrounded Vladimir Putin’s annexation of Ukraine’s Crimea six years ago, most Russians were more than willing to spend money to integrate that region into the Russian Federation. But at that time, they had little idea just how much that process would... MORE
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Abkhazia Bolsters Linkages With Russia
On November 24, the Georgian Ministry of Foreign Affairs strictly condemned Sukhumi and Moscow’s joint approval of a program to create a common socio-economic space uniting breakaway Abkhazia and Russia. Tbilisi slammed it as “another illegal step toward the de facto annexation” of its occupied... MORE
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Dual Circulation’s Implementation Necessitates A Crackdown on Fintech
Introduction Rumors swirled about a crackdown on the Chinese e-commerce giant Alibaba following an incendiary speech given by its founder Jack Ma in late October, which criticized global banking standards and the Chinese regulatory system (TechNode, November 9). The suspension on November 3 of the... MORE