Rohinton Medhora, President, Centre for International Governance Innovation, Canada, who was in Mumbai recently for the T20 conference hosted by Gateway House, spoke on the ways multilateral institutions can include developing countries’ agendas within their own.
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Zeti Akhar Aziz, economic advisor to newly elected Malaysian Prime Minister, Mahathir Bin Mohamad, believes that economic policy should be rooted in moral and religious ideas
Pascal Kerneis, director of the European Services Forum, on the merits of one-shot regulations and migration control in a politically sensitive world
Suresh Prabhu, Minister for Commerce and Industry and recently appointed Minister of Aviation for the Government of India recorded a message for The Gateway of India Geoeconomic Dialogue 2018.
In Gretchen Morgenson's interview she discusses the implications on the American stock market of the repeal of the Dodd-Frank financial regulations and the possibility of a reduction in corporate taxes. She argues that although Trump has proposed several changes to financial regulations and the American tax regime, he may be unable to implement these measures. She then illustrates the impact of the lack of accountability of the government on the psyche of the American consumer, which would, by default, affect the economy. She emphasizes on the impact, that Trump being a real estate business man, will have on his negotiating methods, and in turn will have on investors.
In Monica Bhatia's interview, she discusses the changes in the global financial sector in the wake of the Panama papers and the HSBC files, mainly the increase in transparency between banks and governments. She highlights her belief in the Automatic Global Tax Information Sharing Network in countering tax evasion and the success of the methods that governments have already undertaken to enable voluntary disclosures. Lastly, she illustrates the measures under the BEPS system on tax compliance.
In Dr. Stormy Mildner's interview she highlights the high levels of benefits accrued to countries due to trade. She mentions methods that can further increase these advantages. Her perception of trade is that it involves not just the mobility of goods but also of services. She describes measures taken by the B20 such as the Business Mobility Card that will facilitate labour mobility. She ends with the founding principles, objectives and goals of the B20 and the legacy the German Presidency would like to leave behind when its term ends, namely, sustainability, inclusiveness and a future oriented approach to growth.
In his interview, Dr. Peter Wolff discusses the pillars and objectives of Germany's Marshall Plan for Africa and the need to integrate it into the global value chain. In the sphere of renewable energy, he argues that the most effective way of establishing a solid renewable sector is through market based strategies rather than government based ones. Although in some industries public private partnerships are the best measure, in others a more corporate lead approach is better.
In this interview Anastasia Likhacheva discusses the impact and a few of the positive externalities of the oil price drop, sanctions and counter sanctions on the Russian economy. Despite Trump’s obvious warmth towards Russia, she doesn’t foresee any major agreements signed between the two countries due to the roadblocks that can be placed by the U.S. Congress and the U.S. Senate. She further describes the role she sees Russia undertaking in Asian financial institutions like the NDB and the AIIB in the future.
With Prime Minister Modi set to embarking on a four-nation tour in Africa, we recall the chat we had with Kapil Kapoor, Director of the African Development Bank, on the sidelines of The Gateway of India Dialogue, where he highlighted the kind of opportunities that have arisen in Africa to provide energy and food security.