Among countries that exemplify poorly managed economies, Afghanistan figures prominently. Many factors currently weigh down the Afghan economy, including negative current account balances, unrestrained government spending, low productivity, negligible income taxes, years of cheap and fraudulent lending and widespread graft. The prospects for the future are no more optimistic. The impending international troop drawdown combined with inadequate security and looming uncertainty beyond 2014 have made the country a financial no-go zone for foreign investors. Afghanistan is beginning to suffer from the departure of the large sums of foreign capital and investment it has largely depended on for years. Reportedly, every […]
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Uzbekistan formally withdrew from the Collective Security Treaty Organization (CSTO) on June 28. In an email interview, Alexander Cooley, the Tow professor of political science at Barnard College, Columbia University, discussed Uzbekistan’s rationale for leaving the Russian-backed security organization. WPR: What were the causes, both underlying and immediate, behind Uzbekistan’s exit from the CSTO? Alexander Cooley: Uzbekistan had been a nonenthusiastic member of the Russian-led CSTO since 2006, when it rejoined the organization after falling out with the West over the government’s brutal crackdown on protesters in the eastern Uzbek city of Andijan in May 2005. However, Tashkent has long […]
Uzbekistan’s decision to withdraw from the Moscow-led Collective Security Treaty Organization (CSTO) highlights the dilemma confronting Russian President Vladimir Putin as he tries to strengthen Moscow’s pre-eminence among the former Soviet republics through the region’s multiple multilateral institutions. The CSTO and other Moscow-led regional organizations have important symbolic value to Russia regardless of their actual effectiveness, because they affirm Moscow’s strategic primacy in the former Soviet space. The other member states accept this arrangement since it can yield some tangible benefits, such as economic and military assistance, as long as it does not overly constrain their freedom of action. The […]
U.S. Secretary of State Hillary Clinton visited Mongolia on Monday on the second day of her Asia tour intended to boost U.S. economic engagement with the region. She praised the Asian country as a model of democracy and called it an “inspiration.” By visiting Mongolia, Clinton aimed to put to rest the idea that democracy is a Western ideal in conflict with Asian values, explained Stephen Noerper, senior vice president of the Korea Society. “It provided the U.S. with an opportunity to acknowledge and congratulate Mongolia on its path toward democracy and to quietly acknowledge the fragility of that and […]