Archives Economics - Page 15 of 21 - New Eastern Outlook

Certain treasured wishes and memories inevitably visit us again and again, and such recurrent visions can be a painful experience. Such is certainly the case for almost one in two of Mongolia’s people, who are left waiting as the country once again raises the question of building a subway in the city of Ulaanbaatar. The megacity, which has almost tripled in size since the beginning of the 21st century, now houses almost half of the country’s population, accounts for an even greater share…

Most people who follow the twists and turns in global politics are aware of the imposition of the so-called “price cap” on Russian oil imports following last year’s meeting of G7 Finance Ministers. Although this initiative can hardly be called favorable for Russia, some cases illustrate its dubious usefulness for the West, especially from a political standpoint. In particular, such a paradox can be observed when studying Uzbekistan’s experience of purchasing oil and petroleum products…

During the period of existence of the present Central Asian republics within the unified socialist state, the distribution of electric power was solved, taking into account the needs of all republics and total economic efficiency. At that time, the Uzbek Soviet Socialist Republic’s sole headquarters oversaw the Central Asian energy system, which functioned outside from the USSR energy system. Because the Republican and economic district lines did not quite align, few people were able to “pull the blanket on themselves.” However, everyone was given what they needed, neither more nor less…