Economics & Business Archive

While control over routes for the export of oil and gas to Western markets was clearly not the primary cause of the recent hostilities between Moscow and Tbilisi, the vital role of the Caucasus as an energy transit route nevertheless cannot be ignored in the context of Russia’s increasingly tense relationship with the United States and its European allies. The collapse of the Soviet Union in the 1990s led to the formation of several breakaway republics in the Caspian region, an energy-rich area which had been off limits to Western investment. That these newly formed states with substantial reserves of […]

As the presidential elections near, Sens. McCain and Obama will be forced to debate and articulate foreign policy positions before a nation transfixed by its fortunes in the Middle East. But what the candidates say, or fail to say, about the world beyond the Middle East, and particularly about the Asia-Pacific region, will have tremendous consequences for American strategy. In particular, both candidates must understand the importance of India to U.S. strategy in the Asia-Pacific. First, the candidates must understand how U.S. military campaigns and posturing in the Middle East can have serious national security consequences beyond that region. America’s […]

BUENOS AIRES, Argentina — Last week, the Instituto Nacional de Estadística y Censos (INDEC), the Argentine government’s statistics agency, released the official inflation figure for the month of July: 0.4 percent. Such a report would have caused jubilation among the Argentine public, had they believed it. “It’s a lie,” responded Yamila, a local drama teacher, without hesitation when asked about the figure. The coordinators of the INDEC report appear to be the only ones who have failed to notice the recent price increases in Buenos Aires. Charles, a French researcher who has resided here for the last three months, scoffed […]

TOKYO — Reports last week that Georgia was hit by a coordinated cyber attack that compromised government Web sites offered a reminder of the additional front governments must protect when diplomatic or military hostilities break out between nations. Last year, high-tech Estonia suffered a sustained cyber attack that one Pentagon official described at the time as a “watershed” in terms of society’s awareness of its vulnerability. Over several weeks, numerous government Web sites and the country’s two largest banks came under sustained attack from abroad, overwhelming some sites and forcing some to block access from abroad. It is with these […]

A cool, comforting indigo blue sea laps gently against several kilometers of lonely shoreline. Fig trees and olive groves dot the landscape above a stark white sandy beach where no one treads. In the distance can be heard the faint murmur of a lone car rolling down a craggy, mountainous road. There are still pieces of Turkey’s shoreline that remain undiscovered, but droves of foreigners are fast gobbling it up. The Turkish coastline has witnessed a construction bonanza fueled by moneyed Europeans seeking a relatively affordable place in the sun. Much of Turkey’s once pristine coastline has metamorphosed into a […]

BEIJING — The games of the 29th Olympiad are shaping up as a coming out party for China, a country that seeks to show the world it has arrived as a 21st century power. But China remains a country of contradictions — an ancient culture amid restless ambition to create a modern society, poverty alongside ostentatious wealth, and political repression in parallel with economic openness. On the eve of the opening of the games in Beijing, journalist and photographer Iason Athanasiadis visited Beijing and the northern city of Shenyang. A man walks past Shenyang’s central train station in northern China […]

When the Olympic Games begin in Beijing on Friday, it will be just about impossible to avoid getting caught up in the excitement. The world’s collective eyes will become fixed on Beijing, or rather on television screens beaming images from China’s meticulously organized games. Behind the human drama and dazzling athleticism, however, will continue to loom troubling truths about the Olympics: truths not just about these games, but about the entire exercise, the organization that runs it, and the way the spectacular event has been manipulated over decades for political purposes. The Olympics long ago became the ideal platform for […]

On July 21, Russian Foreign Minister Sergei Lavrov and Chinese Foreign Minister Yang Jiechi signed a treaty in Beijing that formally ended their four decades’ old border dispute. The accord finally demarcated the last pieces of their 4,300-km (2,700 mile) frontier, the longest land border in the world. The deal ended a confrontation that in 1969 led to a brief shooting war between the two countries over some contested islands along the Amur River. Since the Soviet Union’s disintegration, Russian and Chinese leaders have made resolving the contested border issue a priority in their relations — for undersatndable reasons Russia’s […]