Courtesy: Jeremy Edmunds/Flickr
Efforts to reform credit rating agencies after the 2008 financial crisis have failed to address concerns about their ability to assess a nation’s financial status. Issues like private interests and a disregard for the diversity of development models have made it imperative to think of a new multilateral agency
Courtesy: mac_ivan/Flickr
Crimea will hold a referendum this weekend on secession from Ukraine. The current crisis has brought to the fore Cold War era hostilities. However, an unstable Ukraine is in no one’s interest as it has implications for the region and the EU-Russia trade relationship
Courtesy: Agnostic Preachers Kid/Wikimedia Commons
To navigate the U.S. away from the huge monetary stimulus, the Federal Reserve has initiated tapering. But in an integrating world, the emerging economies, especially India, China and Brazil, will see collateral liquidity damage. How will the Fed enforce its mandate? How will central banks in emerging markets react?
Courtesy: alex proimos/Wikimedia Commons
With a devaluing peso, a low trade surplus, high inflation, and falling foreign exchange reserves, the economic situation in Argentina is bleak. But the government can overcome the crisis by changing policies, lessening controls, exploring the country’s shale gas reserves, and working on settling its debt
Courtesy: Google Maps
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
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On the political as well as economic fronts, Venezuela is facing multiple problems – from protests against shortages and crime, to high inflation and low foreign exchange reserves. The government itself is responsible for creating this situation over the years and a change in leadership may now be the solution
Courtesy: Jeremy Edmunds/Flickr
The issue of gas pricing is in the public discourse after the Aam Aadmi Party questioned the logic of linking domestic prices to global rates. In the absence of a single global marker price, it is time India, and other large importing countries in Asia, develop a pricing mechanism that reflects regional realities
Courtesy: Press Information Bureau
The India-China Defence Dialogue is part of a joint effort to ensure peace along the LAC. The sixth round in New Delhi on 24 February included discussions on border protocols, security cooperation and exchanges in counter-terrorism. Along with these, India must also work on resolving the border dispute
Courtesy: Eugenio/Wikimedia Commons
A string of tragic accidents, an ageing fleet of sub-marines and a lack of vision are hampering the Indian Navy’s growth as a regional force. The new government will have to rethink the system of defence purchases and invest in indigenisation to optimise the strength of the Indian armed forces
Courtesy: G20 Taskforce, Department of Prime Minister and Cabinet
After 2008 the G20 framed guidelines for emerging economies to coordinate their financial actions with the developed world. But the US’s backtracking created havoc in many countries. Now, after the recent G20 meeting, it may be time for the RBI to reconsider some financial measures, which India took in good faith