Courtesy: Wikimedia Commons/Tage Olsin, Hofres
Few people know that Sweden was severely affected by the 2008 global economic crisis. However, the Swedish government adopted prudent fiscal and monetary policies to overcome the situation. The author discusses the factors that helped Sweden to acquit itself so creditably in the most challenging of circumstances.
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.
Courtesy: PMO
The India-Russia relationship has seen much progress over the past year - 30 MoU's were signed, two Russian nuclear reactors were set up in India and visa regimes have been eased considerably. But will this be enough to lift the relationship from the benign neglect of the past?
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.
Courtesy: Niyantha/Flickr
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?