Latest Articles about Economics
The Illicit Wildlife Trade in China and the State Response Following the Coronavirus Outbreak
Introduction Since the outbreak of the COVID-19 coronavirus (新型冠状病毒, xinxing guanzhuang bingdu) in the People’s Republic of China (PRC), wildlife trade and consumption have become a top issue in the country. The disease, which has caused 3,215 deaths in China and over 6,500 total deaths... MORE
Disposing of “Zombies”: Why the Reform of Non-Performing State-Owned Enterprises Has Gotten Even Harder
Introduction Normally at this time of year, the Chinese Communist Party (CCP) and the People’s Republic of China (PRC) government would be holding the large plenary meetings known as the “Two Sessions” (两会, lianghui). China watchers would be monitoring these meetings to assess whether and... MORE
China’s Other Viral Crisis: African Swine Fever and the State Effort to Stabilize Pork Prices
Introduction Since January, much of the international news coverage surrounding the People’s Republic of China (PRC) has been dominated by the story of the COVID-19 outbreak—a previously unknown coronavirus that first manifested in the central Chinese city of Wuhan in early December, and which has... MORE
Kalmyk Port and Canal Threaten to Upend Power Relations in North Caucasus
The southwestern Russian Republic of Kalmykia has long hoped to become a major player on the Caspian, which it argues could be achievable with the construction of a new port on that inland sea along with a new canal from there to the Sea of... MORE
The Geo-Economics of the Water Deficit in Crimea
In Russian-occupied Crimea, people are praying with Christian Orthodox priests for rain and snow because the last six months passed by with virtually no precipitation. Because of the dry winter, local reservoirs are now almost empty. Journalists forecast apocalyptic drought scenarios for the peninsula. And... MORE
Economic Doldrums for Belarus, or a Possible End to the Price War With Russia?
The Belarusian economy has begun to sustain losses due to the disruption of Russian oil supplies. Whereas the country’s gross domestic product grew 1.2 percent in 2019 (annual growth), in January 2020, it was 1.9 percent lower than in January 2019. The government had predicted... MORE
Russia Steps up Efforts to Dominate Arctic Region
Moscow approved a number of policy decrees on January 30 that de facto establish a foundation for the introduction of a Russian Arctic strategy until 2035 (see EDM, February 11). Russia’s huge expectations for the Arctic region center on the Northern Sea Route (NSR), whose... MORE
Its Caspian Sea Trade Cut by US Sanctions, Iran Turns to Railways—and Moscow Helps
The United States’ sanctions against Iran and the unwillingness of most Caspian littoral states to challenge them have sent Tehran’s maritime trade in this sea plummeting over the last two years, reducing its non-petroleum component by half (Financial Tribune, May 27, 2019). But that has... MORE
Putin Agrees to Major Write-Off of Russia’s Defense Industry Debt
In late December 2019, Russian President Vladimir Putin signed an ukaz (decree) detailing plans to write off a large portion of the debt collectively owed by the country’s defense industrial complex (Oboronnyi Promyshennyi Kompleks—OPK). The details are not publicly available since the ukaz was classified... MORE
The Future of Chinese Foreign Economic Policy Will Challenge U.S. Interests, Part 2: Renminbi Internationalization and International Economic Institutions
Editor’s Note: This is the second part of a two-part article that addresses the ways in which the evolution of China’s internationally-focused economic policies are likely to impact—and in many instances, to clash with—the economic policies and interests of the United States. The first part,... MORE