The Eurasian region (Europe, Middle East and Asia) is undergoing seismic economic and political challenges and opportunities, particularly as developed and developing governments, within this region, adjust to new roles in a multi-polar world. Their vast geographies, economic largesse and global geopolitical significance are just some of the factors adding to their complexity. For various stakeholders involved in these regions, it is vital to comprehend the overarching and specific tax-legal and political-economic forces taking shape, especially as the region's governments diversify and target strategic policy intervention in economic macro management and sector-based initiatives to enhance long term growth. The pressing need to focus on short term stability-oriented policy intervention has also acquired greater significance in the face of intensifying competition for global capital. As the process of governments’ diversifying and targeted structural reforms accelerate in the economic sphere, an insight into key drivers and emerging trends is essential to ascertain the economic consequences and benefits that are materializing in many countries across this super-continent.
A major outcome of strategic policy intervention has been for the dividing lines of political and economic competence to evolve into a broader and more complex set of relationships between an increasing diversity of stakeholders.
These include government and corporate sector partnerships in sector-based programs; central and local authority policy sharing in financial management and capital raising; a broader distribution of policymaking between proposed supranational and intergovernmental bodies alongside national governments; greater bilateral and multilateral national government economic and political integration; sub-national regional government, local business and civil society tie-ups; in addition to numerous other forms of policy sharing between key governmental, business and other stakeholders.
Governments are also stepping up, albeit at varied stages of development, the infusion of private capital into government-owned enterprises and social infrastructure programs, the promotion of large scale power and transportation infrastructure projects through intergovernmental policy initiatives; bolstering bilateral and regional energy security cooperation involving the participation of government and private sector enterprises, upgrading the efficiency of public administration and increasing the sector’s accountability to the business community, as well as expanding the range of new institutional and capital markets platforms to fund vital national economic programs.
Our Regional Specialists have longstanding experience of working closely with senior level government officials and policy makers, in different jurisdictions across various regions, to provide legal, tax, economic analysis and political insight on important policy developments and emerging trends.
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