Indians Living Abroad Pumped $66.13 Billion Into The Economy Last Year, Compared With Only $46.84 Billion In FDI

Immigrants play vital roles at 4 out of 10 Silicon Valley start-ups, and a third of those immigrants are Indians. But the US isn’t the only one to gain, according to India‘s Hindustan Times. Last year, Indians living abroad pumped $66.13 billion into the economy, compared with only $46.84 billion in foreign direct investment, the paper said. And […]

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The Currency of Power

Earlier this year, Bob Carr, Australia’s foreign minister and a longtime friend of the United States, observed with Aussie clarity: “The United States is one budget deal away from restoring its global preeminence.” He added a caution: “There are powers in the Asia-Pacific that are whispering that this time the United States will not get […]

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Romney Casts Obama’s Foreign Policy As Weak, Dangerous

Republican presidential candidate Mitt Romney delivered a sweeping critique on Monday of President Barack Obama’s handling of threats in the Middle East, saying Obama’s lack of leadership had made the volatile region more dangerous. In what his campaign called a major foreign policy address, Romney called for a more assertive use of American influence in […]

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The Coming Economic Shift?

The dispute between Japan and China over the Senkaku / Diaoyu islandscontinues to simmer. Even as International Monetary Fund (IMF) chief Christine Lagarde warned about the dangers to the global economyshould the dispute escalate, the fallout from the squabble continues to build momentum.  There was always going to be a risk of economic consequences for both […]

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Rising Food Prices Have Sparked Protests In India And Elsewhere In The Developing World. But, According To Humanitarian Group Oxfam, Costs Are Increasing Because Of A New Menace

On Wednesday, tens of thousands of landless farmers lined up in Gwalior, a city in northern India, and started a very long walk. Under a flapping canopy of green-and-white flags, demonstrators from several Indian states vowed to spend the next three weeks marching over 320 km from this fort town to New Delhi. They are […]

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America’s Export Surge Is Just Beginning

Despite all the attention the trade deficit receives each month, little heed has been paid to the rapid expansion of U.S. exports, which have been growing nearly three times faster than gross domestic product since 2005. As a share of the U.S. economy, exports are at their highest point in 50 years. Rather than slow […]

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