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Begin New Search Topic COVID-19 Political Geography Eurasia Content Type Commentary and Analysis

1. The Problem of the Growth of Georgia's Public Debt During the Economic Crisis Under the Covid-19 PAndemic

Author:
Vladimer Papava and Vakhtang Charaia
Publication Date:
01-2021
Content Type:
Commentary and Analysis
Institution:
Georgian Foundation for Strategic International Studies -GFSIS
Abstract:
The COVID-19 pandemic and the global economic crisis caused by it presented the world with numerous severe problems. This economic crisis will henceforth also be referred to as the “coronomic crisis” which is based on the concept of “coronomics.” This term was created through the combination of the two words corona and economics and introduced in order to draw attention to the problem of the influence of the spread of the coronavirus on economies. One of the problems exacerbated by the coronomic crisis is the quick and significant growth of the public debt (the sum of the government’s domestic and external debts). It must be pointed out that according to standards, the overall external debt of a country is divided into several components: government, central bank, commercial banks, company loans and other sectors. The traditional question is as follows: should certain states fear the growth of the public debt despite the fact that the interest rate of the loans may not be particularly high? In a standard case, the answer to this question is yes;4 however, certain specific issues require clarification. For example, the proven indicator of public debt – its ratio to the gross domestic product (GDP),5 does not allow for the comparison of specific countries with one another, let alone being an impeccable measure of their success or failure. The analysis of a state’s economic capabilities is absolutely necessary as debts are taken both by rich as well as poor countries during extreme difficulties (like a pandemic) and economic advancement alike (for example, for infrastructural development).
Topic:
GDP, COVID-19, Public Debt, and Economic Crisis
Political Geography:
Eurasia and Georgia

2. The Spread of the Novel Coronavirus Infection in Russia and the Government's Countermeasures

Author:
Hironori Fushita
Publication Date:
04-2020
Content Type:
Commentary and Analysis
Institution:
Japan Institute Of International Affairs (JIIA)
Abstract:
The spread of the novel coronavirus (COVID-19) infection in Russia has been slower than in other European countries, but the number of infected people has surged since late March, especially in Moscow, and has exploded since April. As of April 14, the number of people infected with the novel coronavirus in Russia was 201,122 (up 2,774 from the previous day), with 1,694 recovering and 170 dead1. The following article will provide an overview of the spread of the novel coronavirus infection in Russia and the government's countermeasures, as well as the impact of this infection on the future of Russian politics
Topic:
Government, Politics, Governance, and COVID-19
Political Geography:
Russia, Europe, and Eurasia

3. Global Order in the Shadow of the Coronavirus: China, Russia and the West

Author:
Bobo Lo
Publication Date:
07-2020
Content Type:
Commentary and Analysis
Institution:
Lowy Institute for International Policy
Abstract:
The coronavirus pandemic has highlighted the dismal state of global governance. The rules-based order has given way to a new world disorder, dominated by narrow self-interest. The crisis of the liberal order reflects a collective Western failure to live up to its principles. The actions of Donald Trump have damaged the moral authority of the West. There is a future for liberalism in global governance, but on a more inclusive and less antagonistic basis. The primary focus must be on meeting universal challenges, such as climate change, pandemic disease, and global poverty.
Topic:
Coronavirus, Pandemic, COVID-19, and International Order
Political Geography:
Russia, China, Eurasia, and Asia

4. COVID-19 and Authoritarian Regimes: China vs. Russia

Author:
Yaroslav Shevchenko
Publication Date:
07-2020
Content Type:
Commentary and Analysis
Institution:
Foreign Policy Research Institute
Abstract:
The Russian Federation and the People’s Republic of China are certainly the two most prominent authoritarian regimes in the world today, with their quasi-alliance characterized as an “axis of authoritarians” and portrayed as a major threat to the West and global liberal democracy. However, despite unmistakable similarities that exist between Xi Jinping of China and Vladimir Putin of Russia, the reality is far more complex. Their respective responses to the COVID-19 crisis shed some light on differences between the political-governance models of these two countries.
Topic:
Authoritarianism, Economy, Crisis Management, COVID-19, and Health Crisis
Political Geography:
Russia, China, Eurasia, and Asia