In more than thirty years of reform and implementation of open economy policies, great changes have taken place in China. With the country’s high engagement with the world, it became obvious that China did not isolate itself from the global developments.
China leans towards the idea of establishing a free trade zone with the Eurasian Economic Union (EEU). The first round of negotiations on this issue was scheduled to be held in mid-October of 2016 in Moscow. However, later it was postponed due to unreadiness of the two sides.
Kazakhstan is resource rich country, and its economy highly depends on the oil export. Oil prices that have been low since the middle of 2014 had a significant effect on the country’s balance of payments and exchange rate.
Today, highly skilled workers play an essential role in the economic development of especially developing countries. This skilled labor force is the engine of breakthrough innovations that boost the economic growth with new production methods.
Afghanistan has experienced a protracted conflict for almost thirty-five years that hindered its development. Furthermore, over the past five years the country has seen the rise of the armed non-state actors who keep challenging the territorial control of the Government.
The improvement of transportation systems, development of communications, urbanization and growing mobility of population and their social wealth are important factors positively affecting the tourism sector in the world.
The economic development of the Xinjiang Uyghur Autonomous Region (XUAR), also known as East Turkestan, which is China's gateway to Eurasia, has significant importance not only for China, but also for the neighboring countries in the region.