Courtesy: Saurabh Das/AP Photo
The 4th BRICS Summit in New Delhi has brought a new dimension to emerging markets. The author explains why the summit was perhaps the most significant of the BRICS meetings so far – and one that should have the developed world really worried about their eroding position at the top of the global heap.
Courtesy: Brasília-DF
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?
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While India’s mega-companies are only experiencing the beginning of Beijing’s accommodating bank policy, Brazil and Russia seem to have grown accustomed to Chinese money. Before they meet in New Delhi for the 2012 BRICS summit, it’s important to remember that China’s loans come with strings attached.
India and Japan have designed their collaborations over the years to be a win-win for both sides. Now, they are willing to collaborate on long-term initiatives, based on intrinsic factors of inter-dependent competencies – rather than on the defence of an extrinsic threat of a common enemy.
Amidst myriad country groupings that already exist – BRICS, IBSA, APEC, SCO and many others – a new initiative in the Pacific is looking to integrate more powerful countries to form a multilateral free trade agreement – the Trans Pacific Partnership. How important is this towards the reshaping of trade and power?
Gateway House’s Hari Seshasayee interviewed Nicolas Krul. A stout defender of European unity, Krul discussed the origins of the crisis, the lessons learned, possible solutions and the opportunities for the emerging world.
Courtesy: Phil Humnicky/Georgetown University
The first Indo-U.S. Education Summit held last week showed much promise. While education can be driving force of the strategic dialogue between the two countries, this is also an opportunity for business. India's massive education sector, estimated at $25 billion, is waiting to be tapped.
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With increasing debt and recession in the West, it seems no longer fitting for the rest of the world to follow traditional Western financial models. India’s long experience of capital markets, with its conservative and ‘inclusive’ financial regulatory system, on the other hand, makes for a compelling case study.
Courtesy: Bob Dowling
The Occupy Wall Street movement in the U.S. is gathering strength, with new groups of the aggrieved adding to the numbers of protestors. Gateway House’s editorial advisor Bob Dowling plunges into the crowd to gauge the depth of the movement, and the seriousness of the protestors’ intent.
Courtesy: www.kremlin.ru/Flickr
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?
