The deterioration of growth prospects is at the core of the financial crisis in Europe. Can Europe successfully form a banking and monetary union? Gateway House interviews Nicolas Véron, a French economist, to discuss the repercussions of the financial crisis in Europe and the potential for Indo-EU cooperation.
Courtesy: Foreign Affairs
There’s been much talk about the “the rise of the rest,” with Brazil, Russia, India, and China leading the charge. However, few countries can sustain unusually fast growth for a decade, and even fewer, for more than that. As the boom years begin to end, the international order won’t change as much as expected.
Courtesy: Foreign Affairs
Jeffrey D. Sachs argues that the mono-causal analysis of the book, 'Why Nations Fail,’ – that economic development hinges on a country’s political institutions – ignores important factors (such as geography) that can also affect growth.
Courtesy: trendscout::/Flickr
All the major economic forces in the world have come together in Africa in a new version of the Great Game. The competition for the continent’s resources will ultimately harm Africa unless Africa uses this opportunity to its advantage and to address its own serious problems.
Courtesy: Columbia/WikimediaCommons
In the 1700s, one man antagonized the European powers, and insisted on the Maratha Empire’s rights to taxation and sovereignty over Maharashtra’s coast. He was Kanhoji Angre, the head of the Maratha navy. How did he, 283 years ago, set an important precedent for the Subcontinent’s local powers?
With the Free Syrian Army being supplied aid by the West and the Gulf Cooperation Council countries, the endgame for the Syrian regime has begun. Does Assad's exit guarantee the replacement of autocracy with democracy? What implications will it have on regional politics?
Courtesy: Gateway House
Gateway House prepared a Global Stability Map, using 20 differing indicators, to analyze the stability of 60 countries around the world. Using criteria that are important to the emerging economies of the world, the map provides an Indian perspective of the world today.
Courtesy: Fletcher6/WikimediaCommons
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?
Courtesy: Ministry of Defence, India
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.
Courtesy: FreedomHouse2/Flickr
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.
