Latest Articles about Economics
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Has Xi Jinping Become “Emperor for Life”?
The just-ended 19th Chinese Communist Party (CCP) Congress has confirmed Xi Jinping’s status as China’s “Emperor for Life.” The 64-year-old “core leader” has filled the country’s highest-ruling councils—the Politburo and the Politburo Standing Committee (PBSC)—with his cronies and loyalists. No cadres from younger generations were... MORE
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S-400 Dispute Highlights Ongoing Difficulties in Turkey’s Rapprochement With Russia
Russian President Vladimir Putin made an unexpected visit to Ankara, on September 28 (Kremlin.ru, September 28). The reason for Putin’s trip was to discuss with Turkish authorities a host of regional and bilateral issues: the northern Iraqi Kurdistan referendum; the establishment of a safe zone... MORE
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Ochakiv: An Important Ukrainian Outpost in the Northwestern Black Sea
Few coastal Ukrainian cities have historically suffered as many instances of destruction only to be rebuilt time and time again as Ochakiv. And today, the Ochakiv Naval Base is set to host a $750,000 maritime operations center, which the United States Navy is building for... MORE
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Putin’s Military Buildup Not Sparking Predicted Economic Growth in Russia
Numerous governments have historically sought to use military spending as a means to solve domestic economic problems and generate growth. Indeed, this pattern has been so widespread that, in Russia, many in the defense establishment have long argued that spending more on the military and... MORE
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Belarus Demonstrates Resilience
Newsworthy material from and about Belarus tends to either concentrate on Belarus’s relations with Russia, relations with the European Union or on domestic issues, including the economy. When it comes to headlines, external drivers of Belarus’s development often eclipse its domestic scene. Last week, however,... MORE
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Militarization and Nuclearization: The Key Features of the Russian Arctic
Taking ownership of and “conquering” the Arctic are themes Russian authorities love to amplify. But sometimes, the harsh Northern reality interferes. The crash of an Mi-8 helicopter in Svalbard (Spitsbergen), last Thursday (October 26), with eight lives lost, was one such occasion. Norway launched a... MORE
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How Kenya’s Failure to Contain an Islamist Insurgency is Threatening Regional Prosperity
Life in parts of Kenya’s traditionally Muslim coastal region has become a nightmare of beheadings and midnight raids by masked assailants, compounded by the ineptitude of local security forces. In Lamu County, a historic center of Swahili culture, growing ethnic and religious tensions have proved... MORE
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‘Party of War’ Triumphs in Moscow
A long-term turf war over defense spending, between factions within President Vladimir Putin’s entourage, has raged for more than a year in Moscow. The so called “party of peace”—Putin’s liberal-inclined economic advisors and officials, led by former finance minister Aleksei Kudrin—is promoting defense spending cuts... MORE
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Was King Salman’s Visit to Moscow a Turning Point in Russian-Saudi Relations?
When Saudi Arabia’s King Salman bin Abdulaziz Al Saud was welcomed in Moscow, on October 5–8, both Russian and Saudi media sources rushed to call his visit an important milestone in bilateral relations (TASS, October 8). But with the initial euphoria from Salman’s trip to... MORE
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Xi Jinping Presides Supreme Over Start of 19th Party Congress
China’s 19th Party Congress is now in full swing. On August 18, Communist Party General Secretary Xi Jinping started the once-every-five-years meeting with a sweeping party work report laying out his accomplishments and plans for the future. While the Congress will see important changes in... MORE