Courtesy: Flickr/t3rmin4t0r
Banks around the globe would be wise to take a second look at what now could be the most significant agreement in international finance since the Euro: the BRICS currency swap. Though certain geopolitical risks are involved, could this free India from unpredictable currency fluctuations?
After the passing of Tonga's revered King, Tupou V, all eyes are on the new establishment for signs of change in Tonga's foreign policy. How will India, an old friend to the Pacific island-nation, fit into this increasingly important region? Can it build on traditional ties with Tonga?
Courtesy: Ministry of External Affairs, India
U.S. Secretary of State Hillary Clinton's recent visit to China, India, and Bangladesh is keeping with the U.S. pivot to Asia. The choice of countries has strategic significance for the U.S., where India is flagged as balancing the rise of China, and Bangladesh as a strategic base in the Bay of Bengal.
Courtesy: Wikimedia Commons/Htoo Tay Zar
The West is quick to claim that their sanctions against Myanmar have forced the government to implement political and economic reforms in the country. However, such bans do not usually achieve their stated purpose of forcing regimes to change their behavior.
Courtesy: Flickr/freeedomania
By forcing regime change in Libya, and attempting the same in Syria, and by promiscuously arming disparate groups of Wahabbis and Salafists to achieve this aim, NATO is creating more room for instability in the region. What Syria needs is engagement, not isolation; it needs dialogue and not the arming of rebels.
The scope for any process on nuclear talks with Iran to founder on distrust, misunderstanding and political in-fighting in both Tehran and Washington remains formidable. Equally disturbing are the wider political realities. Can the upcoming talks in Istanbul launch a process that can, over time, lead to agreement?
Courtesy: Saurabh Das/AP Photo
The 4th BRICS Summit in New Delhi has brought a new dimension to emerging markets. The author explains why the summit was perhaps the most significant of the BRICS meetings so far – and one that should have the developed world really worried about their eroding position at the top of the global heap.
India and Brazil have declared inclusive development an imperative and have engineered creative solutions to meet their developmental challenges. But both also face many obstacles to equitable development. Can the upcoming BRICS Summit in New Delhi help drive a new development agenda?
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While India’s mega-companies are only experiencing the beginning of Beijing’s accommodating bank policy, Brazil and Russia seem to have grown accustomed to Chinese money. Before they meet in New Delhi for the 2012 BRICS summit, it’s important to remember that China’s loans come with strings attached.
Courtesy: Robert Scoble/Flickr
After decades of impressive growth, China and India are slowing down; but the two situations couldn't be more different. The authors explain why the economic situation of these two emerging countries cannot be compared and why it's time for India to reform or get left behind.