'Strategic OFDI’ is outward foreign direct investment made by nations in their strategic interests. China leads the way, but the U.S. has also just announced a new agency for strategic OFDI. It will now gain increasing salience in global foreign policy.

Gateway House hosted a T20 meeting in Mumbai on February 14, 2017 in collaboration with the Kiel Institute for the World Economy and the Ministry of External Affairs, Government of India, with support from GIZ and Siemens India. This was the third time Gateway House hosted a T20 meeting; previous editions were held in 2015 under the Turkish Presidency with the leading Turkish think tank TEPAV, and in 2016 under the Chinese Presidency with the leading Chinese think tanks — Institute for World Economics and Politics, Shanghai Institute for International Studies, and Chongyang Institute for Financial Studies.

The author discusses the incriminating Op-Ed published in the New York Times on Goldman Sachs bank and analyses the investment banking world critical situation. He outlines many initiatives and advocates for bilateral reform policies that could be an important first step in addressing the situation.

The economic turmoil in Europe and the U.S. has affected financial markets globally. India too witnessed a fall in its stock market and investments have slowed. Gateway House’s Samyukta Lakshamn speaks to S.P.Kothari (Massachusetts Institute of Technology), about the challenges that lie ahead for India.

The 2008 financial collapse has economists pondering over the stability of global economies and the ability of those with financial power to maintain their wealth. If such a situation recurs, who will be held accountable?