Courtesy: MEA/Government of India
The launch of the BRICS bank can now give the member countries confidence to experiment with other geoeconomic ambitions. Incubating a non-dollar financial architecture can be the next goal. There are existing models to build upon but India will need smart economic diplomacy to secure its interests
Courtesy: idevie.com
The New Development Bank was formalised at the just concluded meeting of the leaders of the BRICS nations in Fortaleza in Brazil this week. The location is to be Shanghai. The more appropriate and natural choice for locating the bank would have been Mumbai. There are several reasons why
Courtesy: Chaipau/WikimediaCommons
The Narendra Modi government has made the North East a developmental and foreign policy priority. Gateway House has conceived a robust regional economic plan called the “Seven Sisters’ Corridor” that can be the template for a new North East.
Courtesy: Press Information Bureau
As the Asian Development Bank – the region’s leading international financial institution – prepares to convene for its annual meeting in Astana, Kazakhstan, it needs to reassess its approach to address the reality beyond the glowing headlines of a region on the rise
Courtesy: Asitimes/Flickr
Discussions at the recent India-China Strategic Economic Dialogue in Beijing focused on Chinese investment in infrastructure in India. China’s strategy of funding projects in India comes from practical necessity – to meet the demands of China's growing middle class for affordable, market based services
Courtesy: Agnostic Preachers Kid/Wikimedia Commons
To navigate the U.S. away from the huge monetary stimulus, the Federal Reserve has initiated tapering. But in an integrating world, the emerging economies, especially India, China and Brazil, will see collateral liquidity damage. How will the Fed enforce its mandate? How will central banks in emerging markets react?
Courtesy: Google Maps
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
Courtesy: Prime Minister's Office
The India-ASEAN Free Trade Agreement in services and trade will allow India to leverage its competitive offerings in IT, finance, among other fields. But the pact has proved elusive so far due to the open squabbling between ministries. The deal now looks set to come through only after the new government takes over
Courtesy: Secretary of Defense/Flickr
U.S. President Barack Obama’s focus on domestic issues has sidelined his country’s foreign policy at a time when China is ascending as a superpower. With China’s economy set to surpass the U.S.'s by 2017, a recent report presents a ‘grand strategy’ for the U.S. to counter China’s economic and strategic expansion
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The recently concluded third Party Plenum of the Chinese Communist Party revealed a raft of economic reforms. While questions remain about how they will be implemented, the party leadership will be bold in an attempt to regain China's lost glory. Dev Lewis blogs