Economics

Georgia’s near total reliance on imported Russian wheat forms an extremely dangerous vulnerability that compromises both its food security and sovereignty. Fifteen years after the 2008 Russia-Georgia war, Tbilisi finds itself depending on Russia for over 90 percent of its wheat supply amidst a growing global shortage. In 2022, NATO reiterated its commitment to Georgia, pledging to help build Georgia’s resilience and uphold its political independence.

This study on community leadership and social resilience factors in Moldova in the context of the war in Ukraine is based on in-country interviews with 15 Moldovan experts and community leaders, conducted in May-August 2023.

Russia’s malign behavior in the Black Sea includes piracy, plunder, petroleum price cap violations, and actions to prevent the free transit of foreign commercial and naval vessels. Its largely unchallenged position in the Black Sea also helps Russia maintain access to foreign-made products and components, circumventing sanctions. The West and the broader international community have yet to act to decisively rein in these flagrant violations of international laws and norms.

Last week saw a flurry of diplomatic activity between Baghdad and Ankara. The top priorities in the talks were oil exports, the presence of the PKK in Iraq, and Iraq’s water crisis. The outcomes have been unimpressive, but there is an opportunity for Iraq to shake things up and improve its bargaining position, at least on the oil export issue, possibly more.

In a move of unprecedented geopolitical consequence, the Brics grouping of nations has made the landmark decision to expand beyond its five founding members. Announced on Thursday at the conclusion of the Brics summit in Johannesburg, host South Africa along with Brazil, Russia, India and China invited six nations to join the bloc – Egypt, Ethiopia, Iran, Saudi Arabia, the UAE and Argentina.

The recent military coup in Niger marks the point of no return for the unraveling of France’s dominant economic and military influence across West Africa. Turkey is the foreign actor that stands to benefit most, with the potential to emerge as a leading strategic partner for the nations of the region. Turkey’s engagement with West Africa is a unique, dual approach that blends military and economic engagement while deftly intertwining humanitarian aid and cultural outreach.

After the conclusion of the 16-month rule of the Pakistan Democratic Movement (PDM), the appointment of a new caretaker government has created uncertainty. This raises doubts about whether Pakistan will smoothly transition to another democratic government or if the caretaker setup will exceed its constitutional mandate.

As the world shifts toward a more sustainable future, the GCC states are also embracing this profound transition, moving from oil wells to power cells. With their vast resources, strategic location, and commitment to sustainability, the Gulf countries are uniquely positioned to become major players in the global battery supply chain. By embracing the potential of battery technology, these nations are not just preparing for a post-oil future but are actively shaping it.

Lebanon needs a new aid strategy to preserve the country’s ability to one day recover. What is required is a donor strategy that walks on two legs: a first leg that offers a big reconstruction push conditioned on economic and institutional reforms and, in parallel, a second leg that provides urgent support to the Lebanese population.

A brutal heat wave tormenting Egypt since mid-July, resulting in lengthy and repeated power cuts, has turned into a political liability for President Abdel-Fattah el-Sisi ahead of his expected campaign to run for a third, six-year term early next year.

Syria’s dramatic readmission into the Arab League in May was perceived as a turning point for the country’s fortunes. Although Damascus may have come in from the cold diplomatically, there has been little change on the economic front, where the situation remains dire. Since the start of May, the Syrian pound has lost over 70% of its value and shows no sign of stabilizing.

It has been two months since Turkey’s new economic team took over and some progress has been made. Market normalization has begun and the risk of a balance-of-payments crisis has been reduced. At the same time, however, inflation is gaining new momentum, the budget deficit is sharply worsening, and no reform agenda has yet been announced to tackle these threats.

Recently, a notable trend has emerged among Alawites in Syria’s Assad regime-held areas, including those from powerful families. Writers, journalists, and rank-and-file Alawites have taken to social media platforms to express their deep frustration with the regime’s economic policies and the centralized nature of the dictatorship under President Bashar al-Assad, as well as his wife Asma al-Assad’s outsized influence and corruption linked to her secretive “economic council.”

As a trailblazer in hydrogen diplomacy, Japan is seeking to develop a new pattern of energy interdependence with its longstanding partners, the Gulf Arab states — countries that are promising production bases for and exporters of green hydrogen and ammonia, and whose leaders have come to regard the development of clean hydrogen as an attractive way to diversify their economies.