images Courtesy: fcpamericas.com
4 September 2014

Poverty and politics

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

porto alegre Courtesy: wikimedia\commons
14 August 2014

Federalism, swaraj and Brazil

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

VenProtests-2014 Courtesy: durdaneta/Wikimedia
8 August 2014

Latin America slowdown

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.

Latin-America-gaza Courtesy: news.yahoo.com
5 August 2014

Latin America takes a stand

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

BRICS leaders at summit_210x140 Courtesy: MEA/Government of India
30 July 2014

Realising the potential of the BRICS

Looking back at the 2008 financial crisis, when governments had to resort to bail-outs to keep economies afloat, the BRICS member countries have decided to set up a New Development Bank which will provide for a contingency fund. This initiative aims at building an alternate financial structure in terms of trade among the member states as well as creating a safety net

Modi at BRICS_210x140 Courtesy: MEA/Government of India
18 July 2014

Incubating a non-dollar architecture

The launch of the BRICS bank can now give the member countries confidence to experiment with other geoeconomic ambitions. Incubating a non-dollar financial architecture can be the next goal. There are existing models to build upon but India will need smart economic diplomacy to secure its interests

IBSA Courtesy: Gateway House
15 July 2014

Time to revive the IBSA Dialogue Forum

Prime Minister Narendra Modi’s visit to Brazil for the BRICS summit is an opportunity for India to intensify its engagement with South America and reactivate the long-dormant IBSA (India, Brazil and South Africa) grouping. This grouping is a promising partnership comprising of different models of democracies spread over three continents

brics Courtesy: wikimedia/commons
4 July 2014

Mandate for BRICS Bank

Brazil is all set to host the 6th BRICS Summit from July 15. In light of the fact that most developing nations have concerns over the pro-western bent of the World Bank and the IMF, the BRICS initiative of setting up of a Development Bank needs to gain momentum and the nations should finalise the mandate on a priority basis