Courtesy: Foreign Affairs
When the average growth rate in emerging markets hit over seven percent a year in the last decade, forecasters hyped its implications. Today, more than five years after the financial crisis of 2008, the euphoria seems to have waned
Courtesy: Systemman, Erin A. Kirk-Cuomo/Wikimedia Commons
The U.S. government shutdown and President Obama’s absence gave China immense diplomatic and political space at the APEC and East Asia Summit meetings. China’s declaration of a “de-Americanised” world may be premature but the crumbling old order is doing little to dispel this notion
Courtesy: United Nations
The recent UNSC Resolution, which mandates the complete destruction of Syria’s chemical weapons, demonstrates that after more than a year, a degree of international agreement on the Syrian issue has been possible. In the evolving situation, Russia will now emerge as a major player
Courtesy: WikimediaCommons
Can the world aspire to a future where the use of force is not seen as leadership? Can the U.S. and former colonial powers like France and UK, think differently and reject the use of force as first resort? Can China and India craft alternatives?
Courtesy: Freedom House/Flickr
Despite rising international opposition, U.S. President Barack Obama is ready to penalise the Syrian regime for an alleged chemical attack in Ghouta, Syria, last month. The justifications given by the U.S. for an armed attack are questionable, and such retaliatory action will destabilise the entire region
Courtesy: Asitimes/ Flickr
Indian and Chinese companies routinely bid against each other in their quest to secure oilfields and other resource pools resulting in rising prices. However, a preferable recourse would be for the nations, along with ASEAN, to collaborate as there is enough for all
Courtesy: Blog do Planalto
The launch of the BRICS Universities League in Shanghai is an important effort for the five nations to understand each other and define their place in global governance
In 1990, the erstwhile South Commission recommended the creation of a 'South Bank' to aid the economic emancipation of the global South. Can the BRICS bank, which was discussed in length at the 5th BRICS Summit, provide a solution to the problems of the crisis-ridden African continent? Devaki Jain blogs
Courtesy: Ministry Of External Affairs, India
Indian foreign policy has not yet addressed the ramifications of Chinese economic dominance in BRICS. Nor have we matched China’s engagement within the group to ensure that the BRICS vision of a new international order for emerging economies actually works in their favour.
Courtesy: Government/ZA/Flickr
At the 5th BRICS Summit that begins in South Africa today, the heads of state of Brazil, Russia, India, China and South Africa are expected to ratify the creation of the BRICS Bank. After discussion and study for over a year by the respective governments, the bank will be launched with seed money estimated at between $50 billion to $100 billion, and most likely an equal share of voting rights for the management of the bank. What remains