As the revelations pile up after the LIBOR rigging incident, it seems Europe and Britain are more committed to enforcement action than America. Real conservatives believe fully in market capitalism, that prices must come from uncorrupted market signals. Could this start a sea-change for enforcement globally?
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At the heart of the U.S. Presidential elections campaign is a debate about class. This time, the scenario is different: recession, slow economic recovery, the Occupy movement and many financial scandals have expanded the domain for the forbidden topic.
Since the late 1990s, both India and Peru have turned their focus to each others’ regions. New commercial exchanges can enhance the bilateral, but strategic elements must be incorporated if both countries are to benefit from each others' geopolitical alliances.
Though India may seem to be mirroring or competing with China’s military build-up, it doesn't seem to be doing so in consonance with a long-term plan. New Delhi would be better served by avoiding an arms race; staying away from the U.S.-China rivalry and fostering stronger relations with its immediate neighbours.
Simultaneous efforts to resolve the problem in Syria remain stymied even as more and more high level meetings and consultations take place. The more countries treat the situation as a proxy for political differences, the more it creates the conditions for a wider conflagration with an unpredictable outcome.
Though some countries like Russia gained a strong foothold in Central Asia and the Caucasus post-1991, India has been a late-comer. Gateway House interviews former Ambassador to Azerbaijan Debnath Shaw to discuss India’s energy interests in the region, the Shanghai Cooperation Organization and the TAPI pipeline.
To leave behind a stable government in Afghanistan in 2014, the U.S. needs to work towards electoral reforms, negotiations with the Taliban, and a regional settlement involving Pakistan.
Although India’s trade with Latin America has increased considerably, there is still much potential to be exploited. India’s should adopt an aggressive market oriented strategy by identifying local partners wherever possible to enable Indian companies to penetrate the region.
Latin America is witnessing an exponential rise in regional integration of business houses. The resource-rich nature of most Latin American economies has led to an inward concentration of investment, which makes it an extremely interesting prospect for Indian investors.
While the ouster of Paraguay’s president is a setback to the young democracy of the country, it shouldn’t be viewed as a repeat of Latin America’s history of coup d’états. The painful process of democratic maturity will continue, albeit slowly.