Missed opportunities
IBSA’s abstention over Syria is an argument against Security Council reform. Critics of reform have long argued that increasing the number of permanent members to include Brazil and India would lead to paralysis.
IBSA’s abstention over Syria is an argument against Security Council reform. Critics of reform have long argued that increasing the number of permanent members to include Brazil and India would lead to paralysis.
As Indonesia hosts a number of high-level summits this year, it looks set to take its place among the world’s economic superstars. But celebrations are premature: although Indonesia has made great strides, its gains are reversible. To continue to prosper, Jakarta must address rampant corruption and poor governance
Gateway House’s Hari Seshasayee interviewed Nicolas Krul. A stout defender of European unity, Krul discussed the origins of the crisis, the lessons learned, possible solutions and the opportunities for the emerging world.
India and Brazil’s increasing engagement in Africa is a clear sign that both countries are embracing their new roles as global diplomats. By joining forces to bolster Africa’s food security, they have the chance to break ground on a tangible agenda that could have a far-reaching impact on matters of global concern
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?
As the new head of the IMF, Christine Lagarde’s experience in cajoling world leaders will go some way in negotiating the European bailouts. The real challenge, however, will be trying to raise funds for anything as large as Italy.
Despite their economic downturns, domestic tensions keep developed countries from embracing the revitalizing potential of foreign workers. Ambassador Neelam Deo argues that India should continue to leverage its history of diversity and capitalize on a world more open to the free flow of goods and services.
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?
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.
As the newest entrant of the BRICS group, South Africa's unpredictability in upholding the human rights dimension of its foreign policy agenda, by its stance to impose a ‘no fly zone’ over Libya, has brought about an incoherency between the BRIC countries and South Africa.