A new equation is emerging between the BRICS countries and the informal grouping of the most industrialized economies, called the G8. The G8 has been reduced to G7 following Russia’s suspension. Of late, BRICS have taken an assertive stand against the G8 in economic as well as the geo-political fora
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To navigate the U.S. away from the huge monetary stimulus, the Federal Reserve has initiated tapering. But in an integrating world, the emerging economies, especially India, China and Brazil, will see collateral liquidity damage. How will the Fed enforce its mandate? How will central banks in emerging markets react?
Courtesy: G20 Taskforce, Department of Prime Minister and Cabinet
After 2008 the G20 framed guidelines for emerging economies to coordinate their financial actions with the developed world. But the US’s backtracking created havoc in many countries. Now, after the recent G20 meeting, it may be time for the RBI to reconsider some financial measures, which India took in good faith
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The allegations against several oil companies and price reporting agencies like Platts have raised concerns about the credibility of the global oil benchmarking architecture. While there is a need for corrections to the existing structure, the time is right for BRICS to develop alternate options
Courtesy: The Prime Minister's Office/Flickr
Global institutions responsible for price discovery and speculation in commodities are suspected of fuelling price hikes. With the world experiencing turmoil in the food and energy markets, fixing the global pricing architecture for commodities should be the priority for the G20
Courtesy: doreview.blogspot.in
Domestic politics are impacting overall SAARC relations. As the largest SAARC economy, we must strive to minimise differences with our neighbours by understanding how they perceive our policies, and uphold the promise of this regional bloc
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?
The rise in food prices have been a catalyst for unrest throughout the Middle East. Laurie Garrett, CFR's senior fellow for global health, explains the impact of this spike and how governments are attempting to resolve the crisis.
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An analysis of the issues discussed by US President Barack Obama on his visit to India. Will he keep to his word?
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The world’s leading international institutions may be outmoded, but Brazil, China, India, and South Africa are not ready to join the helm. Their shaky commitment to democracy, human rights, nuclear nonproliferation, and environmental protection would only weaken the international system’s core values.