Amidst myriad country groupings that already exist – BRICS, IBSA, APEC, SCO and many others – a new initiative in the Pacific is looking to integrate more powerful countries to form a multilateral free trade agreement – the Trans Pacific Partnership. How important is this towards the reshaping of trade and power?
Courtesy: www.kremlin.ru/Flickr
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?
Courtesy: Lear21,ThomasWolf/Wikipedia
Germany’s abstention on the UN Resolution on Libya heralds the mellowing of a nation blamed for last century’s most catastrophic wars. This time, Berlin may determine the history of Europe by choosing to pursue its national interests peacefully rather than subjugating an entire populace.
Courtesy: UNPhoto/MarcoDormino
A new United Nations doctrine is revolutionising the manner in which Western powers achieve regime change. Under the pretext of “Responsibility to Protect” –as the doctrine is named –armed intervention does not depend on the aspirations of a populace but the facilitation of existing power equations
Courtesy: Feb17.info
As the young protesters in Libya struggle to rewrite the contract between the people and their rulers to make them more accountable, the world is reacting in predictable ways.