Courtesy: alex proimos/Wikimedia Commons
With a devaluing peso, a low trade surplus, high inflation, and falling foreign exchange reserves, the economic situation in Argentina is bleak. But the government can overcome the crisis by changing policies, lessening controls, exploring the country’s shale gas reserves, and working on settling its debt
Courtesy: Google Maps
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
Courtesy: G20 Taskforce, Department of Prime Minister and Cabinet
After 2008 the G20 framed guidelines for emerging economies to coordinate their financial actions with the developed world. But the US’s backtracking created havoc in many countries. Now, after the recent G20 meeting, it may be time for the RBI to reconsider some financial measures, which India took in good faith
Courtesy: Prime Minister's Office
The India-ASEAN Free Trade Agreement in services and trade will allow India to leverage its competitive offerings in IT, finance, among other fields. But the pact has proved elusive so far due to the open squabbling between ministries. The deal now looks set to come through only after the new government takes over
Courtesy: Secretary of Defense/Flickr
U.S. President Barack Obama’s focus on domestic issues has sidelined his country’s foreign policy at a time when China is ascending as a superpower. With China’s economy set to surpass the U.S.'s by 2017, a recent report presents a ‘grand strategy’ for the U.S. to counter China’s economic and strategic expansion
Courtesy: Shahnoor Habib Munmum/Wikimedia Commons
The issue of foreign direct investment in pharmaceuticals has come under attack from many lobbies. The answers lie in the public sector or public distribution mechanisms. Addressing public health concerns without vitiating the investment climate must be one of the key priorities of the next government
Courtesy: Government of India
The extent of the rupee’s depreciation in 2013 demonstrates the Indian market’s dependence on overseas portfolio investments. Can developing domestic institutional bulwarks allay anxieties during similar crises? Is tapping into India’s deep pool of domestic savings, by modifying archaic regulations, an option?
Courtesy: World Economic Forum/Flickr
The recent statement by the governor of the RBI that foreign banks might be allowed to take over Indian banks, has rekindled the debate on the status of foreign banks. What has prompted the RBI’s new position and how does it weigh against the existing policy landscape? Why are foreign banks waiting and watching?
Courtesy: Ministry of External Affairs, India
The ongoing visit to India by Emperor Akihito of Japan is a strategic milestone that can have long-term implications for the bilateral economic relationship and geopolitical engagement in a rapidly-changing Asia. Both countries must now work to sustain this momentum
Courtesy: WikimediaCommons
Mexico is now being increasingly referred to as the ‘China of the Americas.’ With the Mexican government introducing reforms in several sectors, and thereby easing the scope of business, how can India –which is slowly expanding its footprint in Latin America – benefit from Mexico’s rise?