For the first time since 1947, Pakistan, on May 11, succeeded in transitioning from one elected government to another. Gateway House interviews Arun Nanda, Director, Mahindra Group, on the prospects of India-Pakistan trade in the new political environment.
Courtesy: Ed Gaillard/Flickr
Following the 2008 mortgage crash, the U.S. Federal Reserve Board implemented a quantitative easing policy – to stabilise the banks, and rejuvenate the economic environment. Although this strategy has brought some respite, it has done so without creating many new jobs for Americans.
Courtesy: Press Information Bureau
The government, knowing well what the markets wanted, ensured that there were no surprises for the 2013-14 budget by forecasting a fiscal deficit of 4.8%. A closer look at the math, however, reveals a different story.
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Despite heavy opposition from several factions, Egyptian President Mohamed Morsi’s propositions for altering the constitution have been approved. Although the alterations have democratic elements, the liberals and secularists bear responsibility in taking forward Egypt’s journey to complete democracy.
The World Economic Forum on India projected a grim reality with corporates wearing the Non-Resident Indian cloak and reprimanding the government for its policies. After participating in a panel at the Forum, Manjeet Kripalani gives her account of the WEF and the need for new heroes to take charge in India.
The changing American demography worked in favour of the Democrats, but winning a re-election may be the easy part for U.S. President Barack Obama. He must now craft an agenda adequately bipartisan to pass legislation addressing the country economic issues.
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All the major economic forces in the world have come together in Africa in a new version of the Great Game. The competition for the continent’s resources will ultimately harm Africa unless Africa uses this opportunity to its advantage and to address its own serious problems.
Courtesy: gandhiserve.org
Gandhi’s little-known work on what it means to be truly civilized may be crucial to the future of our species. There seems to be an absence of a moral framework that serves as the basis of our pursuit of wealth & pleasure. Can such a framework guide us through contemporary economic and identity-related conflicts?
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This October, Bourse Africa, the first Pan-African stock exchange is set to begin its operations. Apart from integrating all the African economies and boosting their engagements with international markets, it also aims to commodify diamonds. What does this mean for the future of commerce in Africa?
Courtesy: World Economic Forum/Flickr
A short analysis by Gateway House on what you can expect from Raghuram Rajan, the new Chief Economic Advisor to the Government of India.
