Courtesy: Arun Sinha/Flickr
If, after nine years, BRICS remains a disparate grouping, and its trade and investment flows remain dismal, it is time to explore new avenues of cooperation to consolidate the alliance—and culture and education can provide the necessary cementing factor when combined with the New Development Bank
Courtesy: Wikipedia
The New Development Bank initiated by BRICS countries can reform and democratise global economic governance. But to reach this goal, in this critical period when the bank is preparing to operationalise, it must formulate an innovative institutional design. This article outlines four guiding principles for such a structure
Courtesy: Petroleum.nic.in
The present pessimism about India’s dipping exports is a misreading of the numbers—the country’s exports have fallen because of the lower price of petroleum, and not due to any slowdown in industrial activity or reduced demand from foreign markets
Courtesy: Madaki/Wikimedia Commons
After respite from the U.S. government, Cuba now faces the daunting task of reviving its economy without having to give up on its political ideology. The Singaporean model of limited democracy is something Cuba could emulate.
Courtesy: Peter Craven/Wikipedia
A distinguished Chinese scholar, speaking at a BRICS forum in Moscow recently, ascribed the growing India-China trade deficit to India’s ban on iron exports. While this contention is partially true, the data does not validate this argument, and nor does his view account for the other reasons for the deficit
Courtesy: www.info7.com
The Pacific Alliance—Mexico, Colombia, Peru and Chile—is one of the newest and most vibrant regional groupings in Latin American. Apart from the liberal foreign trade policies of these countries, they also have higher growth and lower inflation rates than their neighbours. India’s trade with the grouping has been growing, and as an observer member of the bloc, there is scope for much deeper engagement.
Courtesy: Wikipedia
The Trans-Pacific Partnership might soon be concluded if the U.S. Congress fast-tracks it, as recently announced, while the Regional Comprehensive Economic Partnership Agreement remains on slow-track. But the TPP, although ambitious, follows an outdated template, and it is the dynamic RCEP that can be a model for a new global rules-based framework
Courtesy: Alibaba, Xiaomi, Wechat
Less than two years ago most Indians would struggle to name a Chinese company. Fast forward to the present, Chinese smartphone company Xiaomi is on the tips of everyone’s tongue. Chinese internet giants Alibaba, Tencent and Xiaomi have emerged as investors and major players in India’s fast growing e-commerce and internet space. Their emergence marks a new and exciting area of cooperation and engagement between India and China
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While China will seek India’s cooperation on its ambitious ‘One Belt, One Road’ project during Prime Minister Modi’s visit this week, Indian policy makers must soon articulate a definite stand on this transnational corridor by bridging the country’s security concerns and the benefits of such an engagement with China.
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China's influence and presence in Latin America has grown rapidly in the form of trade and investment. China's growing presence is both a concern for Latin America and the U.S., which creates a window of opportunity for India