Archives Economic development - Page 19 of 36 - New Eastern Outlook

The XV International Economic Forum “Russia – Islamic World: KazanForum” is taking place in the capital of Tatarstan, the city of Kazan. This forum is one of the key events in the interaction of the Russian Federation with the countries of the Islamic world – both from near and far abroad. The importance of the international platform also fully corresponds to the current global realities of a multipolar world, all in terms of interaction within the framework of the global majority…

The Ovoot-Erdenet railroad line is currently under construction in Mongolia. This railroad line is one of the key sections of the so-called “Northern Railway Corridor” – a rail highway to connect Western Siberia with the PRC, the possibility of which is envisaged in the 2016 Russia-Mongolia-China Economic Corridor Project List. The length of the Ovoot-Erdenet line is 542 kilometers and the tracks run through areas with very difficult terrain and minimal power and road transport infrastructure…

With the turn of the 21^st Century, the unipolar world order led by the United States is rapidly debilitating due to the rise of China and Russia as the new superpowers of the world. The role of middle powers has also surged in recent years in the international power structure. Russia and China are seen with much empathy within the developing world due to their inclusive outlook towards developing and underdeveloped nations…