Latest Articles about Economics

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

Russian Inroads Into Central Africa (Part Two)
*To read Part One, please click here. Beginning in 2019, Russia intensified its outreach to some Central African countries—particularly, the Democratic Republic of the Congo (DRC) and the Republic of the Congo (hereafter, the Congo). Russian interests in the region are premised on a... MORE

COVID-19 Increases Importance of Middle Corridor
Following the large coronavirus outbreak in Iran, neighboring countries quickly closed their borders with the Islamic Republic. More than a thousand Turkish trucks carrying goods to Central Asia found themselves stuck at checkpoints due to the closure of the Iran-Turkey and Iran-Turkmenistan borders (Daily Sabah,... MORE

Coronavirus Crisis Engulfs Russia
Although Russia had time to prepare for the COVID-19 pandemic—the novel coronavirus arrived to Moscow, now the country’s hardest-hit urban center, only in the last week of March—the authorities were nonetheless caught badly unprepared. New infections are increasing by 4,500–6,000 per day; yet, the official... MORE

Georgia Becomes a Priority Recipient of Western Financial Assistance
On April 15, Georgian Prime Minister Giorgi Gakharia briefed journalists that the government had agreed with international donors to allocate $3 billion to stabilize the economy, assist individuals affected by the developing economic crisis, and stimulate business in the post-crisis period (Interpressnews.ge, April 15). Georgia’s... MORE

Kremlin Provides Financial Support to Stranded and Abandoned Central Asian Migrants
In response to mounting cases of COVID-19 in Russia, President Vladimir Putin signed a decree, on April 17, providing a financial reprieve for the majority of the seven million–eight million foreign migrant workers currently believed to still reside in in the country, with little or... MORE

Russian Inroads Into Central Africa (Part One)
The Russia-Africa Summit and Economic Forum, held in Sochi on October 23–24, 2019 (see EDM, October 28, 2019), reaffirmed Russia’s growing interest in Central Africa. Among the countries comprising this region, two—the Democratic Republic of the Congo (DRC) and the Republic of the Congo—received the... MORE

Adygea’s Government Tries to Weather Pandemic-Related Crisis Hitting North Caucasus
The Russian Federation’s North Caucasus republics are now being directly affected by the double crisis connected to the spread of COVID-19 and the slump in global oil prices. The individual republics are facing both crises in profoundly diverse social and economic conditions, however. Most of... MORE