With the Journal of Eastern European and Central Asian Research (JEECAR) accepted to the Elsevier-SCOPUS, this publication presents a fresh prospect for the advanced research activities related to the Eurasian continent. A current vibrant political situation in this part of the world, partially explain the "turbulences" taking place and affecting the economic development of countries representing the region. As of today, relatively little economic research has been performed on the dramatically changed situation in the region, and especially in the Central Asian area.
Since the election of the new American President, Washington position has became even more uncertain toward U.S. political activities in Eurasia. NATO is slowly but surely moving toward the Russian border but in response, Russia, as reaction to the US and EU sanctions, becomes more and more aggressive toward its European neighbors. In today's reality, President Putin is completely isolated by Western leaders and President Trump is cornered by the U.S. politicians and media.Current American and European domestic politics and their reflection on Eurasia provide enormous research opportunities in field of economics and international affairs.
Over the years, bilateral trade between China and Russia experience many turbulences but in recent years has grown rapidly. Their relationship has evolved in such a way that they have come to rely on each other. The reason why Russian-Chinese relationship improved is because of U.S. and EU economic sanctions due to Russian invasion of Crimea and military attacks of Eastern Ukrainian territory. Russia needs China for funding and infrastructure development, and China needs Russia to feed its large energy needs. China and Russia have a strong trade partnership that extends into many different sectors throughout each country. While deep mistrust exists between both sides, China and Russia have proud cultures that desire to be viewed as global powers and believe their relationship with each other will advance that objective. Further, both countries view the West as a hindrance to their overall trade goals, and this marriage of convenience strengthens their position in global affairs which could result in far reaching implications for the world. This paper provides a short overview of how the China-Russia relationship developed, where it is at now, how it could be harmed, and how a stronger trade relationship with the U.S. and rest of the world could subvert those fears. It will also provide recommendations based on a solid foundational understanding of global trade and management.
The high-risk of the rapidly spreading COVID-19 virus worldwide created a necessity for developing a diagnostic tool designed to predict economic development, considering the risks of spreading the coronavirus epidemic. In the proposed research, China is selected strategically due to the U.S. "Buy American" trade policy. Also, the European Union presents various trade barriers for countries of Eastern Europe. The risk-versus-economic efficiency study is performed based on Fibonacci law utilizing trade-dynamic indicators with incorporating the SIR-model used to predict the dynamics of COVID-19 cases in the region. The research was performed based on data collected for the period of March-July 2020. As a result, a scientific model to predict the dynamics of trade volume between China and selected Eastern European countries is developed. The results obtained have a practical application and can be used for government institutions and economic agencies to determine their nation's short- and long-term international trade strategy.
