Courtesy: fcpamericas.com
The credit for significant poverty reduction achieved in the last decade in Latin America goes to the pro-poor policies of the leftist governments. The Left is expected to be voted back to power in the October elections to be held in Brazil, Uruguay and Bolivia. The increase in affordability power is good news for the Indian companies who are exporting goods to the region
Courtesy: wikimedia
The Argentines blame the 'Washington Consensus' for the default in 2001, and the New York judiciary and vulture funds for the 'artificial default' in July this year. These are challenges not just for Argentina; they endanger the global debt restructuring system and contradict U.S. domestic laws
Courtesy: Gateway House
The Modi-Obama meet in Washington will be crucial to take the India-U.S. bilateral forward. The meet will test the commitment of both administrations and hence the dialogue must focus on deliverables such as defence co-operation and LNG exports to create a roadmap for concrete progress
Courtesy: Owlpacino
Although the histories, levels of economic development, and critical issues of India and the U.S. are different, the confrontational party politics in their political systems pose similar challenges. Both countries can learn from the experience of federalism of the other to take their national agendas forward
Courtesy: wikimedia\commons
Brazil follows a more decentralised form of federalism and gives special importance to the municipalities. Porto Alegre’s successful 'participatory budgeting' is a role model for the world. India can learn from both the positive and negative aspects of the Brazilian system
Courtesy: durdaneta/Wikimedia
Latin America’s economic growth has slowed down in 2014. But the region’s fundamentals are relatively strong, and have the resilience to absorb external shocks and increase growth in the coming years. However, Argentina and Venezuela face continuing uncertainty and deterioration.
Courtesy: Joshua Martin
U.S. defence secretary Chuck Hagel’s visit is the third in a flurry of visits by top American officials before the scheduled Modi-Obama meet in September. Hagel’s visit will aim to enhance an already well-established defence-trade partnership and allay fears of the Pentagon’s bias towards Pakistan
Courtesy: news.yahoo.com
The sharp Latin American response to the Israeli bombings in Gaza, on the back of solid support from the U.S., is attributable to the memory of the atrocities committed by past Latin American military dictators with similar U.S. backing. Their strong response is also a sign of the increasingly independent and assertive Latin American voice on the global stage
Courtesy: MEA\photogallery
Much was made of the ‘incredible possibilities’ for India-U.S. ties preceding John Kerry’s visit to India. The American emphasis on rhetoric touched a new high when Kerry formally invited Indian PM Modi to Washington in September. The two sides must now get beyond words to work towards a resolution of differences for the bilateral to blossom
Courtesy: Ministry of External Affairs
The 5th India-U.S. Strategic Dialogue was an effort to reverse the downward spiral in bilateral ties, and an opportunity for the two countries to get a realistic assessment of each other. Clearly given the range of differences on issues such as trade, tariffs and price controls, there is still plenty of work to be done