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Economy

BRICS-Africa trade and economic relations - the answer to the myths of the West

Despite the strong strengthening of the position of non-Western powers in relations with the African continent, the West continues to insist that it is, collectively, Africa’s main economic partner. But statistics is a delicate matter. And in fact, BRICS is already the largest trade and economic partner of African states. For many years now, China, as a separate state, has been considered Africa’s main trade and economic partner. At the same time, the Western establishment does not lose the opportunity to oppose this reality with all its might and impose the view that it is the West, more precisely the European Union…

Mikhail Gamandiy-Egorov

Turkey, the stakes are rising, the economy is slowing down and the US is threatening sanctions

Since June 2023, when Recep Erdoğan was reelected as president, Turkey’s economy has, once again, been going through difficult times. Given the scale of the financial crisis and the consequences of February’s devastating earthquake, Recep Erdoğan was forced to appoint technocrats with degrees from US business schools to the government’s financial team. The two new appointees, Mehmet Şimşek (Minister of Treasury and Finance and Treasury) and Hafizeh Gaye Erkan (Governor of the Central Bank), in a bid to stabilize prices, have pushed through a number of tough…

Alexandr Svaranc

Thailand to Speed Up Construction of Joint-Chinese High-Speed Railway

Thailand’s recently renewed commitment toward finishing the already under-construction Thai-Chinese high-speed railway may help move the Southeast Asian nation forward, out of the shadow of years of Western-induced political instability, and into the light of peace and prosperity as it and the rest of the region rise with China. The recent announcement has triggered condemnation from Western commentators who support Washington, London, and Brussel’s agenda of maintaining dominance over Asia and shaping Southeast Asia into a united front against a rising China…

Brian Berletic