Russia’s Far East is supposedly a strategically important area for President Vladimir Putin’s administration, with the government repeatedly declaring that development of the remote territory is one of its top priorities. But, as any Russian expert will tell you, many governments have made such claims over the decades, and yet nothing much has actually happened. Despite its
There is little consensus about the impact that the Western colonialism had on China’s economy. This column revisits a period that saw China end centuries of relative isolation and open dozens of ‘treaty ports’ to Western traders, which shifted the focus of capital markets from inland areas to the coast. Western influence also increased the number of banks, firm investment, as
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