Courtesy: Ed Gaillard/Flickr
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.
Courtesy: Foreign Affairs
For long, deterrence has been the backbone of the U.S. national security strategy. It has applied deterrence to Russia, failed to apply it to Iraq and Iran, and is confused about applying it to China. Does the U.S. need to relearn the basics of deterrence?
Courtesy: Somenametoforget/Flickr
Conventional political parties around the world seem to be on the decline, and there are common factors too – precarious economies and a leaching of ideology, for example. How can countries achieve grassroots empowerment in their village republics, and those of ordinary citizens the world over?
Courtesy: Courtesy: Petersnoopy/Flickr
The new provocations from Pyongyang heighten the risk of a military showdown with the U.S., South Korea and Japan. China, the only power with sway over the regime, is exercising limited options for peace on the peninsula.
Courtesy: The White House
During his visit to Israel, U.S. President Barack Obama spoke in favour of both the Israelis’ right to security and the Palestinians’ right to sovereignty. The issue of settlements, however, remains unresolved and it is unlikely that Israel will make concessions when its neighbours are in turmoil.
In 1990, the erstwhile South Commission recommended the creation of a 'South Bank' to aid the economic emancipation of the global South. Can the BRICS bank, which was discussed in length at the 5th BRICS Summit, provide a solution to the problems of the crisis-ridden African continent? Devaki Jain blogs
Courtesy: Ministry Of External Affairs, India
Indian foreign policy has not yet addressed the ramifications of Chinese economic dominance in BRICS. Nor have we matched China’s engagement within the group to ensure that the BRICS vision of a new international order for emerging economies actually works in their favour.
Courtesy: Government/ZA/Flickr
At the 5th BRICS Summit that begins in South Africa today, the heads of state of Brazil, Russia, India, China and South Africa are expected to ratify the creation of the BRICS Bank. After discussion and study for over a year by the respective governments, the bank will be launched with seed money estimated at between $50 billion to $100 billion, and most likely an equal share of voting rights for the management of the bank. What remains
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
The announcement of the Pacific pivot by the U.S. in 2001 has led to several nations making bold political moves. However, the U.S. isn’t yet ready to be a regional protector against China. What does Washington have to do to prepare itself for the Pivot?
