KAZAKHSTAN CHALLENGED BY THE WORLD FINANCIAL CRISIS
By Marlène Laruelle (11/12/2008 issue of the CACI Analyst)
In summer 2007, the American subprime crisis had an impact on the Kazakhstani real estate market, and then, in 2008, on its entire banking sector, which after Russia’s is the most developed in the CIS. This sector is facing major difficulties owing to its massive lending sprees in international financial markets and its overexposure to the real estate sector.
IS RUSSIA WINNING IN CENTRAL ASIA?
By Martin C. Spechler and Dina R. Spechler (10/29/2008 issue of the CACI Analyst)
In keeping with an increasingly assertive stance in Russian foreign policy, especially since 2004, President Putin declared that the Central Asian part of the “near abroad” is a “key national interest.” In light of the independence the five ex-Soviet Central Asian states displayed in their less than supportive reactions to the invasion of Georgia, one might ask whether Russia is succeeding in this former colonial area—as many Western analysts have asserted.
RUSSIA AND INDIA FACE KAZAKHSTAN’S SPACE AMBITIONS
By Sébastien Peyrouse (10/29/2008 issue of the CACI Analyst)
Since the 1950s, Kazakhstan has hosted on its territory the famous Baikonur Cosmodrome, but it has otherwise been a passive player in Russia’s space pursuits. Yet in recent years, Kazakh government authorities, interested in sharpening their country’s international image and financial power, have sought to become a part of the space race.
GEORGIAN WAR INCREASES NUCLEAR TERRORISM RISKS
By Richard Weitz (10/29/2008 issue of the CACI Analyst)
Although Russian-American bilateral cooperative threat reduction programs continue, the war in Georgia has disrupted U.S.
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