Latin America Update, September 2013
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
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Courtesy: Ed Gaillard/Flickr
U.S. economy: The have-nots said so
Following the 2008 mortgage crash, the U.S. Federal Reserve Board implemented a quantitative easing policy – to stabilise the banks, and rejuvenate the economic environment. Although this strategy has brought some respite, it has done so without creating many new jobs for Americans.
Shyam Saran: BRICS must deliver a Development Bank
The establishment of a BRICS Development Bank will be among the prime topics of discussion at the BRICS Summit on March 26. Gateway House’s Akshay Mathur interviews former Indian Ambassador and Foreign Secretary, Shyam Saran, on the prospects and viability of alternate financial architectures.
Courtesy: Pete Souza/The White House
Obama Redux: The view from India
Despite U.S. President Barack Obama’s re-election, a number of issues like the U.S.’s national debt, unemployment and the military withdrawal from Afghanistan need to be addressed. With these multiple national and global imperatives crowding his agenda, will Obama have any time for India?
Courtesy: WikimediaCommons
A choice without a difference
The electoral races in the US reflect the split down the middle in political affiliations of the people. Yet, no major change is expected. This election is about whether the wealthy in the United States can be asked to pay taxes at the same if not slightly higher rates as the middle class.
Courtesy: trendscout::/Flickr
A Green Agenda for Africa
All the major economic forces in the world have come together in Africa in a new version of the Great Game. The competition for the continent’s resources will ultimately harm Africa unless Africa uses this opportunity to its advantage and to address its own serious problems.
Interview: India’s prospects in Latin America
As India looks to diversify its sources for energy imports and grapples with food security issues, it is looking more towards Latin America. Gateway House interviews Ambassador Deepak Bhojwani to discuss India’s prospects with this increasingly significant region.
Courtesy: Alex E. Proimos/Flickr
Why we need the Volcker Rule
Front running is a form of insider trading, where investment banks use customers' trading information to trade for themselves, ahead of their clients. This practise results in huge losses to the investors, and abates trust in financial markets. How can the Volcker Rule contain this practice on a global scale?
Courtesy: PMO
From profligacy to pragmatism
India seems to be treading down the path of fruitless populism that crippled many countries in the past, most notably in Latin America. But like Latin America, India too can embark on a course-correction by implementing pragmatic economic policies alongside progressive but results-driven social spending.
Courtesy: Fletcher6/WikimediaCommons
The shadow of LIBORgate
As the revelations pile up after the LIBOR rigging incident, it seems Europe and Britain are more committed to enforcement action than America. Real conservatives believe fully in market capitalism, that prices must come from uncorrupted market signals. Could this start a sea-change for enforcement globally?