Economics & Business Archive

Earlier this year, a significant fact went largely unnoticed in the media: Crude oil imports from sub-Saharan Africa (excluding the Arab North African producers of Algeria and Libya) to the United States surpassed those from the Middle East. According to data from the U.S. Energy Information Administration (EIA), the United States imported 1.736 million barrels per day (b/d) from Sub-Saharan Africa in February 2007 — the bulk from Nigeria and Angola but also from Chad, Congo (Brazzaville), Equatorial Guinea and Gabon. This amount was slightly greater than imports from the Middle East — Saudi Arabia, Iraq, Kuwait, and a small […]

BANGKOK, Thailand — As the United States and the European Union consider tightening economic sanctions against the Burmese military regime, U.N. special envoy Ibrahim Gambari is touring Asia to promote the idea of giving the repressive generals “incentives” to change their ways. Gambari is spinning the idea of some form of financial help to address the economic mess Burma has descended into under prolonged dictatorship. It was financial desperation among a population of 54 million, most living on the breadline, that triggered last month’s monk-led mass protests over fuel price rises of up to 500 percent. Gambari is talking vaguely […]

TOKYO — Reports that India’s nuclear deal with the United States is faltering have prompted a string of gloomy editorials in Indian newspapers. With the government of Indian Prime Minister Manmohan Singh apparently reluctant to face down opposition from its Communists allies, the deal is, as the Times of India lamented, “probably . . . in the deep freezer.” But 3,500 miles away in Tokyo, recently installed Japanese Prime Minister Yasuo Fukuda may not be feeling quite so gloomy, for the deal risked becoming an awkward sticking point in the blossoming relationship between nuclear state India and the avowedly anti-nuclear […]

KABUL, Afghanistan — It’s a daily ritual for 8-year-old Bismillah. Every morning, five grimy plastic cans slung over his tiny shoulder, he descends a rugged hillside, negotiating the steep pitches of scree and gravel with goat-like agility. At the bottom of the hill, he waits under the broiling sun in a long queue leading up to a spigot. But wait he must or his family will be left without drinking water for the day. Bismillah lives with his handicapped father, mother and four sisters in a mud-and-wood house in a cramped settlement clinging to a shale-brown hill overlooking Kabul. With […]

U.S.-Iran relations have been growing more tense as the standoff over the Islamic Republic’s nuclear program continues, prompting speculation about the significance of the “oil factor” in Iran’s domestic politics and in its relationship with the outside world. Is Iran importing gasoline because it is running out of oil? Do the fuel riots in Iran earlier this year mean that sanctions against Iran are working? Would Iran use the oil weapon? Can the oil weapon be used against Iran? These questions are crucial, but attempts to answer them have often been misleading and characterized by hyperbole. But putting the oil […]

WASHINGTON — The Army’s $200-billion Future Combat Systems — the centerpiece of the service’s “network-centric” modernization — has been buffeted by cash shortages, insurmountable engineering obstacles and criticism that lighter, smarter, sensor-laden vehicles are not what the Army needs to fight tomorrow’s wars. The program aims to equip 15 of the Army’s roughly 70 combat brigades with new robots and hybrid diesel-electric manned vehicles connected by a secure radio network and equipped with high-tech sensors. After a difficult 2006 that saw four of FCS’ robot designs axed due to budget constraints, this year the decade-old program achieved several milestones, wrapping […]

On Oct. 6, 2007, the leaders of the Eurasian Economic Community (Eurasec) convened their 15th anniversary summit at Dushanbe, Tajikistan. Although Russian President Vladimir Putin described this session of the Eurasec Intergovernmental Council as one of the organization’s most successful, the most notable development at the meeting was Moscow’s decision to pursue deeper economic integration with only some of the organization’s members. Eurasec’s main function is to promote trade ties among countries that formed an integrated economic system during the Soviet period. Since the U.S.S.R.’s disintegration in 1991, these states have frequently diverged in their national macroeconomic policies and have […]

If Myanmar’s military leaders appear immune to internal pressure for change, and if they care little about the protestations of the “international community” unless such pressure can directly effect their interests, the two rising world powers on Myanmar’s borders perhaps hold the last hope for influencing the junta. The conventional wisdom says that even if China is ultimately unwilling to play a positive role, India can be counted on. “I think India would be able to exercise influence on Myanmar. China needs natural resources so badly that it may not be willing to call for the use of force. As […]

According to statements made Sept. 27 by the Turkish Minister of Energy Hilmi Güler, Ankara and Tehran plan to sign an accord this month on the exploitation of the natural gas reserves of South Pars on the southern Iranian coast. In a preliminary agreement concluded in July, it had already been agreed that Turkey’s state-controlled oil company would invest some $3 billion over seven years in the construction of operating equipment. In addition, Turkish and Iranian enterprises are supposed to develop joint ventures for the transport of the gas by way of a pipeline system that will extend to eastern […]

DUSHANBE, Tajikistan — Its snow-capped peaks, crystal-clear lakes and pristine landscapes could put Tajikistan on par with pastoral hot spots in New Zealand or Switzerland. However, lingering Soviet-era paranoia and a dizzying array of as many as 11 permits required for travelers wishing to visit, set against a backdrop of a public infrastructure that could only kindly be called crumbling, make it unlikely that this Central Asian nation will be vying for the title of top tourist destination anytime soon. Divesting themselves of the tangles of red tape to be more accessible to travelers, tourists and investors has been a […]

UNITED NATIONS, New York — A U.N.-sponsored summit last week on climate change laid the groundwork for further unified global action on limiting greenhouse gasses, but a separate meeting organized by the Bush administration rolled out a unilateral agenda that did little more than widen the gap between the United States and other countries. First came Monday’s summit, convened by U.N. Secretary-General Ban Ki-moon at the United Nations, and attended by numerous world leaders and heads of government. The gathering was a prelude to the U.N. conference on climate change in Bali in December, which the world organization hopes will […]

It is difficult today to recall the anxiety that shook America when, fifty years ago, Sputnik pierced the atmosphere. “No event since Pearl Harbor set off such repercussions in public life,” University of Pennsylvania historian Walter A. McDougall has observed. Sputnik was the starting gun for a desperate, urgent race between the United States and the Soviet Union for space superiority — and the military advantages it might confer — which would consume billions while leaving neither nation safer. These days, the phrase “space race” seems antiquated, an almost quaint relic of a bygone era. But behind the competition to […]

In the past week, up to 200 of people have died in Burma in the government’s violent suppression of pro-democracy demonstrations, according to various reports. But thousands more in Burma are routinely forcibly relocated and their villages burned by the army in an ongoing campaign against the country’s ethnic minorities. Now the Washington, D.C.-based American Association for the Advancement of Science (AAAS) is using commercially provided satellite imagery to catalogue the abuses. The AAAS’ “Science and Human Rights Project,” funded by the Rockefeller Foundation and the Open Society Institute, released a report Sept. 28 that documents the destruction of rural […]