Latest Articles about Economics
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Turkmenistan, Now With Soviet-Style Deficits, on Brink of Explosion
Turkmenistan, far and away the most closed country in the former Soviet space, seldom receives much attention except as the butt of dismissive jokes or, more recently, when its leaders tried to deny that COVID-19 is present in their country even as they took measures... MORE
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COVID-19 and Russia’s Looming Debt Cliff
COVID-19’s “second wave” is pushing back economic recovery all over the globe, giving rise to predictions of massive recorded drops in GDP this year followed by a robust recovery in 2021 and decent growth rates after that. Official economic forecasts in Russia notably mirror those... MORE
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Russia Pursues ‘Region-Oriented’ Approach in Arctic Development
On October 26, President Vladimir Putin formally adopted the “Strategy for the Development of the Russian Arctic Zone and Provision of National Security Through 2035,” which aims to implement a “region-specific approach” for dealing with problems facing the country’s vast, strategically important, yet increasingly problematic... MORE
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Moscow Moves to Tighten Grip Over North Caucasus Republics
The economic crisis in the Russian Federation has resulted in the central government further tightening its control over the republics of the North Caucasus. Ingushetia now faces a loss of its financial autonomy. Similarly, the property rights for a key tourist enterprise in Kabardino-Balkaria have... MORE
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Mongolia’s Economic Recovery from COVID-19 Dependent on China
Introduction Mongolia responded quickly to the initial outbreak of COVID-19 in China this past January. The country issued its first public health warning about the new virus and asked citizens to wear masks on January 10; shut down schools throughout the country by January 24;... MORE
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Russia Unveils New Arctic Development Strategy: Focal Points and Key Priorities
On October 26, President Vladimir Putin formally adopted the “Strategy for the Development of the Russian Arctic Zone and Provision of National Security Through 2035” (Pravo.gov.ru, October 26). The document is to be implemented in three stages: 2020–2024, 2025–2030 and 2031–2035. In a related comment,... MORE
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“Helmsman” Xi Jinping primed to rule at least until the early 2030s
Introduction The Fifth Plenary Session of the Chinese Communist Party’s (CCP) Central Committee, which took place from October 26 – 29, has elevated the status of President and CCP General Secretary Xi Jinping to that of Helmsman, a title once reserved only for the late... MORE
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Three Seas Initiative Turns Five Years Old, With Summit Focusing on Digital Sphere
On October 19–20, Tallinn, Estonia, hosted the fifth summit of the Three Seas Initiative (3SI), a forum for dialogue involving a dozen European Union member states located in Central and Eastern Europe (ERR, October 19). The regional initiative was informally inaugurated in September 2015, on... MORE
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Arctic Issues Now Dividing Moscow Elites
President Vladimir Putin’s promotion of the Northern Sea Route (NSR) and Russian development of the seabed of the Arctic Ocean and adjoining parts of the Russian Federation were intended to excite and unify Russians at a difficult socio-economic time (see EDM, October 20). But things... MORE
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Putin’s ‘Strong State’ Fails the Coronavirus Test
The COVID-19 coronavirus pandemic continues to accelerate in Russia: during the past week, the high mark in daily infections moved from 15,000 to 17,500, of which about a third were registered in Moscow. The Kremlin still asserts that the situation is under control, but its... MORE