Archives Economics - Page 14 of 21 - New Eastern Outlook

The island-nation of Taiwan seems to feature much more in strategic considerations in the great game between the two superpowers of our time than its size alone would suggest. Home to less than 25 million people and a third the size of KPK in Pakistan, the country is one of the most important in the world; almost exclusively due to its position as the world’s leading manufacturer of computer chips. The history of American support for Taiwan against China’s claims to it as part of its own territory comes as a legacy of the Cold War. Upon the rise to power in China…

The 44th summit of the Supreme Gulf Cooperation Council (GCC) held in Doha was a significant event in several respects. The session was the first to be held outside Saudi Arabia since 2018 and the first hosted by Qatar since the signing of the Alul Declaration in January 2021, ending a three-year diplomatic rift between a number of Arab countries. The summit was held under special circumstances as the region is witnessing many unfortunate events, most notably the ongoing carnage in the Gaza Strip. These are extremely important developments that have many implications for the GCC and regional security…

It is no secret that politics is a concentrated expression of economics. This thesis is most relevant for Turkey’s foreign policy course, which changes its direction mainly depending on rising financial flows. The Turkish economy, which has been in deep recession in recent years, is heavily dependent on foreign currency interventions and various kinds of credits and loans. It should be recalled that President R.T. Erdogan put his own state in a debt hole by adhering to a conservative economic model that envisaged…