EMerging Equity
Mongolia
Mongolia: The Future Of Eurasia?
By Neil Thompson, Geopolitical Monitor The country of just 2.8 million is encased between her two giant neighbors, Russia to the north and China to the south. For most of the twentieth century Mongolia was, like many Eastern European states, part of the Soviet empire. Then in 1990 the withdrawal of the Soviet military and of Russia’s … Continue reading
China: Its Economic And Geopolitical Eurasian Strategy
By Gulam Asgar Mitha For several decades and centuries, the European and Asian colonial powers fought among themselves for control of foreign lands, cultures (predominantly language and religion) and economic gains resulting in mass killings and two devastating world wars on their soils that ended in the decline of several major world powers and the rise … Continue reading
Russia Says Will Push For India’s Full Membership In The Shanghai Cooperation Organization
Moscow will make every effort to ensure India gets full membership in the Shanghai Cooperation Organization (SCO) at the upcoming SCO summit in Russia’s southern city of Ufa, Sergey Naryshkin, Chairman of the Russian State Duma said following a meeting with the heads of both chambers of the Indian Parliament in New Delhi last week, Indian newspaper The Hindu reported. “India is playing an active role … Continue reading
The New Global Economy: The Rise Of China And Decline Of The U.S.
By G. Asgar Mitha There is a limit to economic manipulations by empires. All empires have perished due to economic hardships. The Ottoman, Soviet and the British empires were no exception in the past century. Waste was the key product of these empires. Whether the only empire – the US – understands it or not, … Continue reading
Russia And China: The Dawning Of A New Monetary System?
By Peter Koenig The statement by Chinese Foreign Minister Wang Yi on 22 December 2014: “If the Russian side needs it, we will provide necessary assistance within our capacity” – is a clear testimony that Russia and China have entered into an economic alliance which will be stronger than the incessant ruble and petrol devaluation manipulations by … Continue reading
Russia Effect Hits Central Asia To Greater And Lesser Degrees
Naubet Bisenov and Jacopo Dettoni in Almaty BNE The Asian Development Bank, in its latest “Asian Development Outloook Supplement” published on December 17, cut the growth outlook for Central Asia to 5.1% from the previous 5.6% for the full-year 2014 and to 5.4% from the previous 5.9% for 2015. The countries in the region most exposed to … Continue reading
Free Fall Of The Ruble: Who’s Behind It? A Ploy of Russia’s Economic Wizards? Whose Chess Game?
The world is still hell-bent for hydrocarbon-based energy. Russia is one of the world’s largest producer of energy. Russia has recently announced that in the future she will no longer trade energy in US dollars, but in rubles and currencies of the trading partners. In fact, this rule will apply to all trading. Russia and … Continue reading
Russian Idea Of Banning Dollar, Euro In EEU Trade Dismissed
By Alexandra Jarosiewicz and Naubet Bisenov The executive body of the Eurasian Economic Union (EEU) and a Kazakh business lobby have dismissed the possibility of switching to national currencies in trade within the Russia-led trade bloc when it comes into being on January 1, instead of the current system of using dollars and euros in some … Continue reading
Mongolia Government Collapses As Budget Deadline Looms
By BNE Mongolia’s parliament is fast approaching the deadline to pass the budget for next year, but one would hardly know it with the political drama unfolding as Mongolia’s parliament voted on November 5 to remove Prime Minister Norovyn Altankhuyag amid concerns about the economic downturn. Lawmakers had been preparing to vote on appointments for a government reshuffle that … Continue reading
Mongolia Approves Rail Gauge Compatible With China To Cut Costs
Following years of discussion, Mongolia’s parliament approved for the first time to adopt a rail gauge that is compatible with China for the construction of a 240-kilometer railway to link the Tavan Tolgoi coal basin with China, according to Bloomberg. The new rail link will help to ease transportation of the nation’s second biggest export, coal, to … Continue reading
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