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?
As the new head of the IMF, Christine Lagarde’s experience in cajoling world leaders will go some way in negotiating the European bailouts. The real challenge, however, will be trying to raise funds for anything as large as Italy.
Despite their economic downturns, domestic tensions keep developed countries from embracing the revitalizing potential of foreign workers. Ambassador Neelam Deo argues that India should continue to leverage its history of diversity and capitalize on a world more open to the free flow of goods and services.
Germany’s abstention on the UN Resolution on Libya heralds the mellowing of a nation blamed for last century’s most catastrophic wars. This time, Berlin may determine the history of Europe by choosing to pursue its national interests peacefully rather than subjugating an entire populace.
As Europe stands united in its support for France's Finance Minister Christine Lagarde as a candidate to head the International Monetary Fund, many have begun to question if BRICS is truly an effective and united bloc. Will they be able to put forth a candidate all emerging countries can support?
With the post for the head of the International Monetary Fund up for grabs, the emerging market countries are yet to unite and provide a suitable candidate who receives formidable support for his or her candidature. China, however, may boldly question the status quo and step ahead.
As the newest entrant of the BRICS group, South Africa's unpredictability in upholding the human rights dimension of its foreign policy agenda, by its stance to impose a ‘no fly zone’ over Libya, has brought about an incoherency between the BRIC countries and South Africa.
Frank Wisner, the legendary US diplomat who was not only President Barack Obama's special envoy to Egypt but also a former ambassador to India, discusses the outlook for Egypt, resolving the mayhem in the Middle East and India-Pakistan relations in a Gateway House exclusive.
The mass uprising consuming Egypt shows a country on the sidelines of the economic development that has been sweeping the world from Brazil to China to Vietnam.