Interview
Every year on August 15 the world’s largest democracy celebrates its Independence Day. India is the fastest growing economy after China. But what drives its growth and how will the country’s economic policy change after the election of the new Prime Minister, Narendra Modi? We asked Andrei Volodin, Senior Research Fellow at Eurasian Studies Centre, Institute ...
Calling the BRICS development bank “an insurance policy against the risk of U.S. sanctions,” experts at the prestigious Brookings Institution have joined Washington’s effort to disrupt the Russian economy and punish nations who do business with it. Branded as the world’s most influential think tank with an endowment upwards of $262 million, Brookings has been on Uncle Sam’s payroll since 1916, providing guidance on domestic and international ...
... potential within the Transcaucasian environment, as well as economic and energy relations between Armenia and Russia.
In 2013, Armenia announced its willingness to become a member of the Customs Union. Does this desire arise mostly from security or economy considerations?
The decision appears fully based on economic, economic security and national security concerns, three issues that are inseparably linked. As a matter of fact, these aims are reachable only with Russia’s assistance, i.e. Russian ...
...
[xvi] Ironically, Ukraine has been asked to pay higher prices than their European counterparts. http://www.bloomberg.com/news/2014-04-03/russia-to-charge-ukraine-more-than-germany-as-gas-discounts-end.html
[xvii] http://www.washingtonpost.com/business/economy/shifting-energy-trends-blunt-russias-natural-gas-weapon/2014/02/28/7d090062-9ef7-11e3-a050-dc3322a94fa7_story.html
[xviii]http://www.ifc.org/wps/wcm/connect/region__ext_content/regions/europe+middle+east+and+north+africa/ifc+in+europe+and+central+asia/countries/promoting+energy+efficiency+in+ukraine+residential+housing
... Regardless of motive and method, the loss of workable land hurts not only the harvester, but also has broad consequences for his neighbors in terms of erosion, downstream flooding, and pollution. As the demand for water grows with population and the economy, water supplies will be increasingly polluted from untreated sewage, from industrial discharges, and from salt-water intrusion of overexploited water tables. A good policy to bring about progress and development along with the concept of maintaining ...
... metropolis and business hub.
As a rule, the international economic aspects of the soccer world championships are rarely covered in the media, but ignoring their importance hinders our ability to construct an integral and objective picture of the world economy. And soccer is the most globalized sport across the world.
Despite potential and often inevitable socio-economic costs, the game seems worth the investment.
Transnational corporations are the key actors in the overall processes of globalization ...
... correct model for further development, normalizing relations with Russia and bringing the “Maidan state” in the country to an end.
Loans are the only hope
One of the most serious challenges facing Ukraine is the country’s deteriorating economy. The Ministry of Economic Development and Trade of Ukraine forecasts a 5 per cent drop in GDP for 2014. And this is just the current forecast. “In March, we forecast a drop of 3 per cent, but the situation between March and June has changed,...
... towards the United States is giving way to attempts to diversify its foreign ties. The relations between Egypt and the United States have cooled, and this new factor needs to be taken into account.
There are objective grounds for caution. Egypt’s economy is struggling, while its population is growing rapidly and has already topped the 86 million mark.
The country’s foreign-exchange reserves have shrunk by almost three times to $13 billion since President Hosni Mubarak was toppled in 2011....
... positive discrimination.
The program Broad-Based Black Economic Empowerment is an integrated socio-economic strategy of the South African government that is designed to overcome the negative consequences of apartheid through achieving racial balance in the economy and providing economic privileges to blacks, Indians and Chinese oppressed under the previous segregationist regime. Adopted in 2003,
the BBBEE Act
contains a set of requirements for companies operating in the South African market.
Key BBBEE ...
... 20th century entailed the reevaluation of the role different factors play in economic growth. Natural resources ceased to be regarded as a significant prerequisite for economic development, due to the emergence of service industries and the virtual economy. Furthermore, the idea that natural riches could even hinder economic development gained ground.
It is now becoming increasingly clear that the conclusions drawn about natural resources’ secondary role were somewhat hasty. There is every ...