Latest Articles about Economics
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Seventy-Four Percent of Uzbeks Support Joining Moscow-Led Eurasian Union
A respected economic policy think tank in Uzbekistan released the results of a recent poll on the attitudes of both public- and private-sector professionals inside the country about Uzbekistan’s membership in the Eurasian Economic Union (EEU) and the World Trade Organization (WTO) (Review.uz, May 20).... MORE
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Ukraine Qualifies for New IMF Loan, but at the Expense of the Oligarchs
It has again taken Ukraine many months to break down the domestic opposition of vested interests in order to qualify for much-needed international assistance. President Volodymyr Zelenskyy recently signed into law two key bills: one aimed at turning farmland into a sellable commodity, and the... MORE
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Under a COVID-19 Cloud, China’s Gig Economy Comes of Age
Introduction In late April, as residents of the People’s Republic of China (PRC) began to adjust to a new normal in the wake of the COVID-19 epidemic, Ele.me—one of the country’s biggest food delivery platforms—unveiled its latest innovation. In a viral post, a delivery man... MORE
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The Belt and Road Initiative: A Domestically-Motivated Program Fueling Global Competition
Introduction The Belt and Road Initiative (BRI), China’s ambitious overseas economic and infrastructure program, is having a significant impact on the world economy. The People’s Republic of China (PRC) has pledged $1 trillion in investment; the extensive geographic scope of the initiative involves more than... MORE
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The Increasing Role of Azerbaijan as a Regional Digital Hub
On April 10, the Azerbaijani parliament ratified and President Ilham Aliyev approved a law for laying a trans-Caspian fiber-optic cable across the bottom of the Caspian Sea between Azerbaijan and Turkmenistan (President.az, April 10). The initial interstate agreement—“On the Organization of Activities by Communications Operators... MORE
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The Asian Tigers in Russia’s Arctic: Unforeseen Favorites?
A number of countries in the Asia-Pacific region are looking at the Arctic as a potential engine to drive dramatic transformations in their most strategically important economic sectors, including energy, transportation, as well as research and development (Pro-arctic.ru, April 24). Aside from the three Asian... MORE
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Russia’s Multiplying Foreign Policy Constraints
In the last few weeks, Russia has been too busy with the domestic explosion of COVID-19 cases to properly attend to foreign policy matters; but the lack of interest in Moscow to the session of the Chinese National People’s Congress, which opened in Beijing last... MORE
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Food Shortages in Turkmenistan Lead to Rationing in State Stores
Isolationist Turkmenistan, which proudly claims to be COVID-19-free, has nonetheless been affected by the pandemic (Izvestia, May 10). A recent closure of its borders due to pandemic concerns has halted imports, reportedly leading to food shortages. The provincial situation became so dire before the borders... MORE
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Russia Expects Growing Conflict With US Over Greenland
Almost 20 years ago, novelist John Griesemer’s dystopian book, Nobody Thinks of Greenland, captured the dominant attitude of most of his fellow Americans about the world’s largest island abutting the Arctic Sea. But that viewpoint, which truthfully was never completely true, changed dramatically in August... MORE
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Distorted Data and Fanciful Beliefs Inform Russia’s Crisis Mismanagement
Russia is rightfully held responsible for and often caught red-handed spreading disinformation around the globe; but its own policymaking is, in fact, informed by similarly false assessments, which are “improved” (exacerbated) many times while traveling up the bureaucratic pyramid. For months, President Vladimir Putin has... MORE