Latest Articles about Economics
The Politics of Reform: Saakashvili’s Odesa Mission (Part One)
Georgia’s former president, Mikheil Saakashvili, has accepted Ukrainian President Volodymyr Zelenskyy’s offer to chair the Executive Committee of Ukraine’s National Council for Reforms (Ukrinform, May 7). Taking up the new challenge, Saakashvili promised to draw on the experience of his universally recognized achievements in Georgia... MORE
Russian Regions Face High Budget Deficits and Little Support From the Central Government
The pandemic and the partially related collapse in oil prices will lead to the highest budget deficit in the Russian regions for the past 20 years, despite the support of the central government, says a recent assessment by the global credit rating agency S&P. Regions... MORE
Belarusians Worry About the Economy
Belarus has been preoccupied in recent days with President Alyaksandr Lukashenka’s decision not to cancel this year’s annual May 9 Victory Day military parade, which marks arguably the country’s most important public holiday. “I must say that we cannot cancel the parade,” declared Lukashenka on... MORE
Looking Beyond China: Asian Actors in the Russian Arctic (Part One)
Among the non-Arctic states seeking partnership with Russia as a means to increase their presence in the northern polar region, China has become by far the most visible player (see EDM, May 20, 2019). Yet, other emerging actors—India and Japan—should be noted. On January 14,... MORE
COVID-19 Is Overwhelming Doctors and Economies in the North Caucasus
With nearly 2,000 officially confirmed COVID-19 cases, the Republic of Dagestan is currently the most badly hit territory in the North Caucasus. Furthermore, the republic has the fifth-largest number of cases in the Russian Federation. Some Dagestani municipalities report that they cannot cope with the... MORE
Russian Loan Offer Exposes Moldova’s Internal Faultlines
In mid-April, Russia offered Moldova, at the latter’s insistence, an inter-governmental loan of €200 million ($217 million) on soft terms. Moldova’s Socialist-led government had planned this loan mainly for road construction, before the COVID-19 coronavirus pandemic broke out. At present and in the near-to-medium term,... MORE
Russian Loan for Moldova: A Strange Inter-Governmental Agreement
Russia and Moldova signed an inter-governmental loan agreement on April 17, in Moscow, at Chisinau’s insistence. Chisinau had initially sought a Russian loan for infrastructure development, but it may have to spend these Russian funds (along with Western assistance) to mitigate Moldova’s current fiscal emergency... MORE
Russia Now Losing Out to China on Iranian Rail Route
The Russian government long assumed that Western sanctions on Iran would allow it to steal a march on the world by expanding its railroad connections to the south via the Islamic Republic while simultaneously ensuring that the South Caucasus remains a Moscow-dominated hub for both... MORE
“State Companies Advance and Private Firms Retreat” in China’s Bid to Resuscitate the Economy
Introduction: Beijing’s Plans for Stimulus Spending and “Six Stabilizations” After the bombshell announcement that the Chinese economy contracted by an unprecedented 6.8 percent in the first quarter of this year, the Xi Jinping administration has vowed to do whatever it takes to resuscitate growth and... MORE
Global Supply Chains, Economic Decoupling, and U.S.-China Relations, Part 2: The View from the People’s Republic of China
Editor’s Note: Our April 1 issue contained the first part of this article series (Global Supply Chains, Economic Decoupling, and U.S.-China Relations, Part 1: The View from the United States), which focused on the issues and policy debates in America surrounding the prospects for U.S.-China... MORE