Courtesy: PMO
India and Brazil’s increasing engagement in Africa is a clear sign that both countries are embracing their new roles as global diplomats. By joining forces to bolster Africa’s food security, they have the chance to break ground on a tangible agenda that could have a far-reaching impact on matters of global concern
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With increasing debt and recession in the West, it seems no longer fitting for the rest of the world to follow traditional Western financial models. India’s long experience of capital markets, with its conservative and ‘inclusive’ financial regulatory system, on the other hand, makes for a compelling case study.
Courtesy: www.kremlin.ru/Flickr
In a reversal of historical roles, the BRICS nations may be coming to Europe’s rescue. During the Asian Financial Crisis, the International Monetary Fund (IMF) introduced structural adjustments in return for IMF loans, and many institutions and individuals went bankrupt. Will it be any different now?
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A decade after 9/11, the U.S. has prevented further terrorist attacks - a major achievement. But with a $1.3 trillion budget deficit, a debt downgrade, and 24 million Americans searching for jobs, the U.S. needs to attend to matters at home rather than intervening in the world's affairs.
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As Europe stands united in its support for France's Finance Minister Christine Lagarde as a candidate to head the International Monetary Fund, many have begun to question if BRICS is truly an effective and united bloc. Will they be able to put forth a candidate all emerging countries can support?
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The 2008 financial collapse has economists pondering over the stability of global economies and the ability of those with financial power to maintain their wealth. If such a situation recurs, who will be held accountable?
Courtesy: SamanthaAppleton/WhiteHouse
Indo-US business dealings and the US Federal Reserve’s money-printing initiative may have saved Chinese President Hu Jintao the headache of explaining – to his American counterpart – China’s stealth fighter shocker, undervalued currency and giant trade surplus.
Courtesy: Zimbio
China has now clearly emerged as a major world power and India needs to seriously think about how it will engage its neighbour over the twenty-first century. The future of the Sino-Indian relationship will be both competitive and collaborative as the same time.