Latest Articles about Economics

In ‘Great Game Lite,’ Russia and China Compete for Influence in Kyrgyzstan
The political vacuum that emerged across Eurasia after the collapse of the Soviet Union in 1991 saw Russia’s former suzerainty over the former Soviet space contested by both the United States and China in a new and modified version of the “Great Game.” But today,... MORE

New Caspian–Black Sea Transit Corridor Boosts Geostrategic Importance of South Caucasus
On March 4, Romania, Azerbaijan, Georgia and Turkmenistan held a ministerial meeting in Bucharest—the first such quadripartite gathering for these governments. During this meeting of their foreign ministers, the parties issued a joint statement reaffirming mutual respect for each other’s sovereignty, territorial integrity and inviolability... MORE

Gazprom’s Surprise Acknowledgement of Tough Competition from US LNG
A high-ranking Gazprom official has admitted for the first time that liquefied natural gas (LNG) exports from the United States have negatively impacted the Russian state-owned energy giant’s sales. Gazprom exported a record volume of gas to Europe in 2018, increasing its market share on... MORE

Fragile Azerbaijani-Armenian Peace Talks Under Pressure From Bellicose Rhetoric
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan held their fourth—although first “formal”—meeting, in Vienna, Austria, on March 29. The statement (Osce.com, March 29) following their talks, which were facilitated by the Organization for Security and Cooperation in Europe’s (OSCE) Minsk Group, highlighted... MORE

Import Substitution in Russia Failing as Moscow Buys Products Not Technologies
Vladimir Putin’s much-publicized program to promote import substitution is failing. Indeed, Russia may be in worse shape now than it was a decade ago as sanctions and declining earnings from the sale of raw materials leave the central government with less money to spend. Moreover,... MORE

Economic Themes from the National People’s Congress Illustrate CCP Concerns for Social Stability
Introduction This month, the National People’s Congress (Quanguo Renmin Daibiao Dahui, 全国人民代表大会), or NPC, and the Chinese People’s Political Consultative Conference (Zhongguo Renmin Zhengzhi Xieshang Huiyi, 中国人民政治协商会议) convened concurrently in Beijing. Collectively known as the “Two Sessions” (Lianghui, 两会), the annual meetings of these bodies—normally... MORE

China’s New Foreign Investment Law: Quick Passage after a Long Wait
Introduction On March 15th, the National People’s Congress (NPC) of the People’s Republic of China (PRC) formally passed a new Foreign Investment Law (waishang touzi fa, 外商投资法) to govern the increasingly complex issues surrounding foreign direct investment (FDI) in the country. According to the state... MORE

China’s Policy Towards a Venezuela in Crisis
Introduction Amid the ongoing crisis in Venezuela—in which the country faces not only economic meltdown, but also a division between two rival presidents, in the persons of incumbent President Nicolas Maduro and opposition leader Juan Guaido—the People’s Republic of China (PRC) remains one of the... MORE

China’s Plan for Railway to Uzbekistan Is Transforming Central Asian Geopolitics
Chinese plans to construct a railway from Xinjiang through Kyrgyzstan to Uzbekistan and onward to Turkmenistan will, if realized, transform the geopolitical situation in the region. This rail corridor promises to open up new possibilities for regional countries to bypass Russia in pursuit of foreign... MORE

Iran and Azerbaijan Proceed With Rapprochement as Diplomatic Exchanges Multiply
Iranian-Azerbaijani relations have been firmly on track toward rapprochement since the election of President Hassan Rouhani in Iran and the subsequent progress on the nuclear deal and lifting of Western sanctions. In the last five years, the presidents of Azerbaijan and Iran met 12 times,... MORE