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.
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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.
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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.
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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?
Courtesy: SamanthaAppleton/WhiteHouse
Indo-US business dealings and the US Federal Reserve’s money-printing initiative may have saved Chinese President Hu Jintao the headache of explaining – to his American counterpart – China’s stealth fighter shocker, undervalued currency and giant trade surplus.
Courtesy: ChuckKennedy/WhiteHouse
Chinese President Hu Jintao’s visit to the US comes at a time when the geopolitical situation in Asia and the Asia-Pacific region is fluid - consequent to the US deciding to re-energise relations with countries in the region - and when Sino-US relations have been under some strain.
Courtesy: MFAChina
The Western and Indian response to Sri Lankan aspirations has sent the island nation into the arms of China and Pakistan. But Colombo’s trust must be won. For Sri Lanka is vital to India’s security and the sea lanes of the Indian Ocean.
Courtesy: PMO
Chinese Premier Wen Jiabao’s visit to New Delhi has the potential to mitigate sixty years worth of distrust between two of the world’s most populous countries and truly improve bilateral relations. What is stopping the two Asian giants from cooperating?