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The Chinese Renminbi is now the first in the developing world to find a place in IMF’s basket of reserve currencies. But the road to its inclusion becoming effective is still almost a year away. In this time, China will likely further integrate its currency with global markets
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Modi’s second visit to the U.S. in September indicates a growing partnership in such areas as business, technology, and climate change. Though gaps too remain—for example, India is not part of the TPP and its bid for a UNSC seat is on hold—for now, it is time to consolidate bilateral meeting points, and India can start by simplifying its trade policy and tariff structure
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At a recent international seminar on BRICS Studies, in addition to the predictable themes such as building a multipolar world order and the One Belt One Road project, fresh ground was also covered, including the contours of the New Development Bank and the potential impact of the refugee crisis on BRICS countries.
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Prime Minister Narendra Modi's outreach to the influential Indian diaspora in Silicon Valley in September should be centered on creating an Indian ecosystem for tech start-ups
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The new guidance on the development of internet finance in China provides insight into the future of China's pioneering internet finance industry and the defining role it will play in the country's economic reform process
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The New Development Bank initiated by BRICS countries can reform and democratise global economic governance. But to reach this goal, in this critical period when the bank is preparing to operationalise, it must formulate an innovative institutional design. This article outlines four guiding principles for such a structure
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After respite from the U.S. government, Cuba now faces the daunting task of reviving its economy without having to give up on its political ideology. The Singaporean model of limited democracy is something Cuba could emulate.
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The AIIB is a step along a path that started with the Asian financial crisis, which defined ASEAN’s views about the U.S.’s commitment to the region. Although the bank may signal the rise of China, it is also a coming together of Chinese and ASEAN goals—ASEAN’s focus on infrastructure for growth requires another source of finance, and this forecasts its strong relationship with the AIIB
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The announcement that major European powers will join the AIIB as founding members means the bank is now clearly accepted as a tangible game changer in the multilateral financial architecture. The formidable intentions of AIIB and the new transnational corridors project are both a challenge and an opportunity for India
Courtesy: b20coalition.org
The B20 forum has become an important advisor to the G20, bridging the gap between business and foreign policy. Its effectiveness will depend on whether it can emerge as a solutions provider for the G20 and not just an advocacy forum. Indian business can play a vital role in shaping this mandate