Courtesy: globalsherpa.org
The Indian government has undertaken a massive financial inclusion scheme to bring bank accounts to the poor. But poverty alleviation needs to be addressed at multiple levels for which the Latin American example of using targeted and customised conditional cash transfer programmes can help India
Courtesy: wikimedia
The Argentines blame the 'Washington Consensus' for the default in 2001, and the New York judiciary and vulture funds for the 'artificial default' in July this year. These are challenges not just for Argentina; they endanger the global debt restructuring system and contradict U.S. domestic laws
Courtesy: durdaneta/Wikimedia
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.
Courtesy: wikimediacommons
Even small Indian IT companies have managed to succeed in the Latin American market. Understanding the local culture is one of the main keys to success as illustrated in the case of Mann India Technologies, which was one of the earliest Indian entrants in the Latin American IT market.
Courtesy: www.narendramodi.in
Gateway House outlines a renewed agenda for India’s relationship with Latin America. If the new government led by Narendra Modi takes these policy steps, centred on economic diplomacy, India can benefit from Latin America’s huge natural resources, increasingly assertive foreign policy, and significant economic growth
Courtesy: Google Maps
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
Courtesy: Lupin World
In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month
Courtesy: rajkumari1220/Flickr
India’s political and economic future will be determined over the next few weeks. Gateway House recommends a priority diplomacy agenda for the next government – one which puts economics at the heart of our foreign policy
Courtesy: GOV.UK/Flickr
A slumped arms industry and the U.S. shale gas sector will gain from NATO’s threat of stricter sanctions and suspension of Russia from the G8. BRICS has protested, but unless we consolidate alternate international financial structures, even other big economies like India can eventually be the targets of sanctions
Courtesy: Agnostic Preachers Kid/Wikimedia Commons
To navigate the U.S. away from the huge monetary stimulus, the Federal Reserve has initiated tapering. But in an integrating world, the emerging economies, especially India, China and Brazil, will see collateral liquidity damage. How will the Fed enforce its mandate? How will central banks in emerging markets react?