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?
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A decade after 9/11, the U.S. has prevented further terrorist attacks - a major achievement. But with a $1.3 trillion budget deficit, a debt downgrade, and 24 million Americans searching for jobs, the U.S. needs to attend to matters at home rather than intervening in the world's affairs.
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.
Courtesy: WorldEconomicForum/WikimediaCommons
While the U.S. political leadership is stuck with extreme positions led by the Tea Party, India’s politicians do not seem to have a position at all. It is imperative for India’s political leadership to exercise prudent fiscal leadership to ensure that economic growth is balanced and equitable.
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As Europe stands united in its support for France's Finance Minister Christine Lagarde as a candidate to head the International Monetary Fund, many have begun to question if BRICS is truly an effective and united bloc. Will they be able to put forth a candidate all emerging countries can support?
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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: PMO
The India-Africa Conclave and other such platforms of interaction have played a pivotal role in engaging Africa with India’s growth story. Various Indian investments in agriculture and infrastructure, totalling over $20 billion, are soon to boost Africa's economies.
Courtesy: PMO
Indian Prime Minister Manmohan Singh met with Kazakh President Nazarbayev to strengthen ties and announced a Joint Action plan for 2011-14. Should the countries enhance their “arms-length transactional” relationship, a deeper alliance can be forged to include untapped sectors with immense potential
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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?
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The India-Kazakhstan relationship is in need of a massive overhaul. Manmohan Singh’s visit to Astana is full of possibilities that can transform the relationship from a short-sighted association into a broad-based, strategic, long-term one focusing on energy, security, trade and technology.
