An Analysis of Economic Cooperation between Russia and Tajikistan
Economic cooperation with Russia remains important for Central Asia despite claims about its diminishing role in the region. Trade and in-vestment partnership with Russia significantly contribute to the region’s economic performance. A country-by-country analysis shows that Russia’s bilateral economic relations with Kazakhstan are historically strong. It plays an important role […]
Kazakhstan’s Trade Relations in the Eurasian Economic Union: Developments in the Automotive Sector
The sanctions imposed on Russia by the European Union (EU) and some western countries due to the annexation of Crimea, alongside with the decline in oil prices in the first years after the establishment of the Eurasian Economic Union (EEU) coincided with had a negative impact on the EEU.
Creative Economy
Knowledge and creativity are the new “oil” of the 21st century, and this opinion is increasingly recognized. New industries have been born revolving around these concepts, building what is known today as the creative economy. The development of the definition of the creative economy is still an ongoing process. The […]
The Impact of the Covid-19 Pandemic on the Russian Economy
The COVID-19 pandemic with various restrictions implemented on a global level and additional measures taken at the national level have distorted the economic growth forecasts of almost all countries. According to the estimates of the International Monetary Fund, the total loss in the world economy for 2020-2021 will reach approximately […]
Urban Demographics in Kazakhstan and Economic Significance of Large Cities
Over the last several years Kazakhstan has been prioritizing the urbanization of the population and enlargement of the major urban centers of the country. The significance of cities with population over one million people was emphasized by the first President of Kazakhstan Nursultan Nazarbayev at the jubilee forum of the […]
Landlocked Developing Countries and Covid-19 Pandemic
In January 2020, Kazakhstan took the chairmanship in the UN Conference on Trade and Development (UNCTAD) group of landlocked developing countries (LLDCs) for 2020-2021 [KazTAG, 2020]. This group within the UNCTAD is designed to promote the interests of 32 developing landlocked states because being a landlocked country is considered to […]
Challenges for Central Asian Economies
Central Asian economies highly depend on revenues from mineral resources and migrant remittances. This fact is a major disadvantage, which regional governments try to address. However, many programs of industrialization insignificantly contributed to economic diversification. As a result, following the oil shock that coincided with the Ukrainian crisis, the region […]
Natural Disasters in China and Shift in the Global Grain Market
The year 2020 has been a tough year for China. In addition to the COVID-19 virus that first emerged in Wuhan, Hubei province, causing a global pandemic, China was hit by the most devastating flood since 1998 that affected many major cities and provinces in the Yangtze River valley and […]
The Wolf Economy of Mongolia
Over the past 28 years, Mongolia traveled a long and complicated journey upon the path of transformation from a state-planned economy to a market economy. At the present moment, being the most up-and-coming market for both East Asian and Western Pacific regions, Mongolia has been developing dynamically and consistently. In […]
The Phenomenon of Gig Economy
With the advent of the mobile computing technology, the way how people live and work has drastically changed over the past decades. The communication between people has increased due to the Internet and social networking, opening new opportunities for people to earn and spend money. At the present moment, individuals […]