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Mumbai and Buenos Aires are cities with a shared history of trading, business and entrepreneurship. The parallels are becoming more apparent now, with Buenos Aires expanding the ecosystem of support for business in innovative ways
Courtesy: G20 Insights
In a policy brief for the G20, Akshay Mathur and Purvaja Modak discuss the challenge of data classification when it comes to cross-border trade in services
Courtesy: Northernminer
In the wake of trade-based globalisation followed by financial globalisation, a large volume of capital began moving from developing to advanced countries. This has resulted in relatively poor developing countries effectively becoming net creditors to the rest of the world. Reversing this massive outflow of capital requires governments to strengthen governance in all its dimensions and have closer international collaboration to tighten the regulatory oversight of tax havens for greater transparency
Courtesy: Gateway House
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.
Courtesy: Gateway House
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.
Courtesy: The Wire
China has launched the One Belt, One Road (OBOR) Initiative in an attempt to rebuild the ancient Silk Road with proposed land and sea routes to promote infrastructure, trade, and investment in the regions that it will thus connect. The challenge will be to attract private financing to support the official and multilateral ones
Courtesy: Wikimedia Commons
The incoming Trump administration is inheriting an economy that is on a strong recovery path. What are the challenges in sustaining this and what is emerging as the new administration’s growth agenda?
Courtesy: Flickr/U.S. Army Africa
New Delhi now has the capacity to move beyond the basics of economic diplomacy by using the strengths of India's private sector in healthcare. Africa would welcome such an initiative, which will improve the health and development capabilities of African countries. This will also serve India’s geopolitical objectives and can precede a similar healthcare rollout to other regions
Courtesy: Common Dreams
A decade after the term ‘degrowth’ was first deployed by a small group of European academics, it draws unconventional thinkers, not mainstream policy makers. The recent Degrowth Conference in Budapest made perpetual growth, not degrowth, seem utopian.
Courtesy: Reuters
The long march to implement the long-awaited Good and Services Tax in India has just begun. It is instructive to understand how other countries introduced this tax and cherry-pick lessons from their experiences