At present, South Africa finds itself charting political and economic policy uncertainties. This is not to suggest that the domestic political crisis will see different trajectories unfolding with regard to its BRICS/IBSA engagements, or on a broader foreign policy path, but it will have repercussions at the international level, in terms of investor confidence, credit ratings, and currency volatility. Pretoria will face constant pressure to be seen as a credible actor, especially when it comes to its African identity.
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Five rather unfavourable trends define India’s trade performance over the past two years; these trends also provide useful pointers as to where India’s future trade strategy can go over the next three years as it deals with a global economic slowdown, the rise of megatrade agreements and a pivot to a more intensive trade relation with the U.S.
Narendra Modi’s landslide victory in India's 2014 general elections, despite his hardline nationalist image, was viewed as a localised phenomenon. But two years later, voters across the world from Europe to Philippines seem to be tilting towards leaders with the same nationalist tag.
A T20 workshop in Lima, Peru, provided the opportunity to for a deeper insight into the the Latin American economic situation. While the workshop focused on finding innovative solutions to sustain high growth in middle-income countries. There is a need for India and similar countries, to become sensitized to each others problems on development.
After nearly a decade of moving slowly towards the U.S. on critical matters including nuclear power, the recent bilateral agreement to share military facilities and have anti-submarine warfare talks, suggest that Prime Minister Narendra Modi will have India sail the oceans with the American eagle.
Although the BRICS caravan is passing through uncertain times, its major leaders appear determined to continue the journey as doing so is in the collective interest. The world is likely to hear more - not less - about BRICS in the foreseeable future.
It is beginning to be clear that the 2016 U.S. presidential race will see Donald Trump go head-to-head with Hillary Clinton. As these two contenders near the stage, Trump’s “America First” has started to ring differently, while Hillary’s “traditional” approach must be adjusted to cater to the financial needs of the American people.
The recent decision of Brazil's lower house of parliament to impeach President Rousseff has once again brought attention to the country's struggles with corruption. The crisis has already affected Brazil’s economy. Its impact on the region and on Indian businesses in the country is yet to be seen.
The success of the U.S. Defense Secretary's recent visit to India is indicative of the deepening India-U.S. defence relationship. It has become clear that Indo-U.S. maritime cooperation in the Indian Ocean is steaming ahead; while other geopolitical differences, like the sale of aircraft to Pakistan, seem unlikely to disappear anytime soon.
The recent visit of the U.S. Defense Secretary to India has yielded significant outcomes on streamlining bilateral military interactions, deepening maritime security cooperation and defence technology collaboration. As India grows closer to the U.S., it should be clear about the objectives of this engagement