Courtesy: WorldEconomicForum/Flickr
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.
Courtesy: UNPhoto/MarcoCastro
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.
Courtesy: AlJazeeraEnglish/Flickr
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.
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Over the past decade, emerging markets that have liberalized are far more open to foreign banks in their markets than are developed economies. A Gateway House study of financial services in 11 countries: four BRIC countries, one emerging market, four developed economies and two developing markets.
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The world’s leading international institutions may be outmoded, but Brazil, China, India, and South Africa are not ready to join the helm. Their shaky commitment to democracy, human rights, nuclear nonproliferation, and environmental protection would only weaken the international system’s core values.
