Brazil and India’s commonalities are truly striking – multi-party coalitions, strong regional powers, and pressures between the executive, legislative and judicial pillars – and bilateral ties have recently acquired greater content. Can Brazil’s President Dilma Rousseff’s visit give bilateral ties a further boost?
BBC News published a feature written by Gateway House’s Head of Research, Akshay Mathur, in their Asia business section. Mathur writes on the the financial crises in Europe and the possibility of the BRICS countries playing an active part in the European bailout.
In a reversal of historical roles, the BRICS nations may be coming to Europe’s rescue. During the Asian Financial Crisis, the International Monetary Fund (IMF) introduced structural adjustments in return for IMF loans, and many institutions and individuals went bankrupt. Will it be any different now?