Courtesy: Lifeforex
Basing the global oil trade on the Yuan instead of the U.S. Dollar is one leg of China’s bid to convert its currency into the international reserve currency, replacing the dollar-dominated global financial architecture. But many factors impede the Yuan from reaching the maturity required for its global adoption.
Courtesy: Deccan Chronicle
A major upcoming international conference on the Blue Economy in Nairobi in November will focus on the impracticalities of pursuing any one goal – such as sustainability – to the exclusion of business. In fact, the many interests at stake need not be in conflict with one another, to realize the goal of a true blue economy, in which business must have a significant stake.
Courtesy: Legal Entity Identifier
Ten years after the global financial crisis, some reform has come about. To further transparency, the Legal Entity Identifier (LEI), proposed by the G20, is a code used to identify the parties that participate in financial transactions around the world. While its benefits and applications are abundant and will reduce systemic vulnerability, its global implementation is complex and slow. This primer shows why – and also why the LEI should be urgently and widely adopted
Courtesy: MEA/ Flickr
India and Brunei have a 34-year-old diplomatic relationship; but as yet no Indian president or prime minister has paid the country a bilateral visit to strengthen these ties. The strategically-located nation is rich in its history, with a unique political system. Its foreign policy approach is non-controversial, yet noticeably pragmatic.
Courtesy: Wikipedia
India’s human spaceflight programme calls for a strong symbiosis between the country’s private sector, defence, and civilian agencies. The focus should be on indigenous development to preserve strategic autonomy
Courtesy: MEA/ Flickr
Africa today holds great economic allure for the major powers, which are looking to deepen their partnerships with it. India, which shares a rich past with the continent, has been adopting many measures to step up economic diplomacy in the region
Courtesy: Mea/ Flickr
The 21-year-old regional organisation, which will hold its fourth summit on August 30-31, was formed because of the opportunities to make headway in economic and social development through cooperation, but it has achieved modest success. It has a relevance independent of SAARC or ASEAN and goals of its own to pursue
Courtesy: Global Environment Facility
Since Independence, India has been consumed by its domestic priorities. Now, with increasing integration with the world and a huge stake in global stability, it is time to focus on the global commons. India has a seat on the hightable to design and shape the rules for the governance of the global commons. In this special Independence Day Briefing, Gateway House examines India’s engagement with four global commons – technology, outer space, cyber and the oceans – and makes recommendations on how best they can be governed for our collective future.
Courtesy: Wikimedia Commons
Cyber space is a new global common that defies formal governance. Its interconnectedness makes it full of opportunity, yet vulnerable. Attempts to regulate it have seen setback due to the differing visions of major powers and developing countries. India, an emerging economy with a sophisticated technology industry, is well positioned to shape the governance of this global common
Courtesy: Wikipedia
The notion of the oceans and seas as a global common is under severe test. National and regional interests are winning over the urgency to maintain their well being while competition to exploit the many commercial opportunities they present is ever increasing. The task at hand is to stop ocean decline – and India can play a transformative role in this