In a reversal of historical roles, the BRICS nations may be coming to Europe’s rescue. During the Asian Financial Crisis, the International Monetary Fund (IMF) introduced structural adjustments in return for IMF loans, and many institutions and individuals went bankrupt. Will it be any different now?
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India’s relations with Russia have to be set against the broader strategic landscape of India’s security issues and geopolitical priorities, especially in Central Asia and Afghanistan, where Russia is a key player. An increase in private sector initiatives can also ensure greater cooperation in the years to come.
A decade after 9/11, the U.S. has prevented further terrorist attacks - a major achievement. But with a $1.3 trillion budget deficit, a debt downgrade, and 24 million Americans searching for jobs, the U.S. needs to attend to matters at home rather than intervening in the world's affairs.
This paper assesses the India-Russia relationship in today’s context and explains why it is time for the two countries to re-energise the bilateral
Explanations for the riots in England must go deeper than the easy targets of race, consumerist greed, and the socio-economic environment. It is necessary to understand the way socially-wired youth approached the riots as an opportunity for consequence-free action.
After various terrorist attacks around the globe, there is a backlash building up. Citizens are questioning their leaders: Will anyone take account of their failures to protect us? Are the political bureaucratic cabals really in charge?
As the new head of the IMF, Christine Lagarde’s experience in cajoling world leaders will go some way in negotiating the European bailouts. The real challenge, however, will be trying to raise funds for anything as large as Italy.
Despite their economic downturns, domestic tensions keep developed countries from embracing the revitalizing potential of foreign workers. Ambassador Neelam Deo argues that India should continue to leverage its history of diversity and capitalize on a world more open to the free flow of goods and services.
As Europe stands united in its support for France's Finance Minister Christine Lagarde as a candidate to head the International Monetary Fund, many have begun to question if BRICS is truly an effective and united bloc. Will they be able to put forth a candidate all emerging countries can support?
With the post for the head of the International Monetary Fund up for grabs, the emerging market countries are yet to unite and provide a suitable candidate who receives formidable support for his or her candidature. China, however, may boldly question the status quo and step ahead.