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foreign policy and global economy

Archive for the tag “Brazil”

This Is How We Radicalised The World

Populist leaders and the legions of influencers riding their wave know they can create filter bubbles inside of platforms like Facebook or YouTube that promise a safer time, one that never existed in the first place, before the protests, the violence, the cascading crises, and endless news cycles.

Read Here – BuzzFeed

Crashing Currency Chaos Spreads Across The Global South

The Iranian rial: crash. The Turkish lira: crash. The Argentine peso: crash. The Brazilian real: crash. There are multiple, complex, parallel vectors at play in this wilderness of crashing currencies. Turkey’s case is heavily influenced by the bubble of easy credit created by European banks.

Read Here – Asia Times

Even With Modi Back On Board, China Will Find It Hard To Keep Emerging Markets Club Together

The confirmation that Indian Prime Minister Narendra Modi will show up in the coastal city of Xiamen has cleared a major obstacle to a “successful” BRICS leader summit – an event that China has been preparing for months to showcase its global influence. However, a ceremonial summit may not heal deep cracks in the club of Brazil, Russia, India, China and South Africa.

Read Here – South China Morning Post

Also Read: Five Things To Watch Out For At The BRICS Nations Summit

China’s Great Leap Into Latin America

China’s interest in Latin America is both economic and strategic.  It was the accelerating Chinese economy’s voracious appetite for raw materials that keyed its entry to the region, a land of plenty when it comes to natural resources. Iron, soybeans, copper, and oil make up the bulk of Chinese imports from the region. In turn, securing access to Latin American markets for the export of Chinese manufactured products became a priority as well.

Read Here – RealClearWorld

China Steps Into the Latin American Void Trump Has Left Behind

Latin Americans can’t afford to wait four years to see when the United States will be willing to have an honest and reciprocal conversation about economic prosperity in the Western Hemisphere. Luckily for the United States’s southern neighbours, over the past decade Latin America has found a new major trading partner: China.

Read Here – Foreign Policy

Lowering World Poverty Depends On India

The future of global inequality, in other words, rests on India’s shoulders. To join the global middle class, India must do much better. It must improve infrastructure and education. It must implement good governance and reduce harmful corruption. It must attract foreign investment and make growth a priority. And it must do all this while limiting its use of coal, in order to help halt the danger from global warming.

Read Here – Bloomberg View

India’s UNSC Alliance With Japan A Mistake

India, as the second most-populous country, has a promising bid for a permanent Security Council seat. However, the nation has strategic problems….In fact, India’s biggest mistake is to ally itself with Japan, Germany and Brazil. First of all, these three countries have opponents in the region. Japan’s bid for permanent membership will definitely invite strong opposition from China and South Korea. 

Read Here – Global Times

BRICS New Development Bank Launched In Shanghai

The five BRICS countries are home to 42.6 percent of the global population, 21 percent of the world’s economy and nearly half of the world’s forex reserves, but have been marginalized in the global financial landscape. For example, in the World Bank, the five have a total of only 13 percent of voting rights, while the United States alone holds 15 percent. A similar picture can be seen at the International Monetary Fund (IMF).

Read Here – Global Times

Will the World Ever Boom Again?

The problem is that China’s recent slowdown from 10 percent annual growth to about 7 percent is only the beginning. The recent drops in housing and stock prices are harbingers of a further economic moderation. That is inevitable, since no country can grow at a breakneck pace forever. And with the slowing of China, Brazil and Russia have been slowing as well — the heyday of the BRICs (Brazil, Russia, India and China) is over. But the really worrying question is: What if other nations can’t pick up the slack when China slows? What if China is the last country to follow the tried-and-true path of industrialization?

Read Here – Bloomberg

The BRICS: Beyond The Hype

The BRICS grouping—comprising Brazil, Russia, India, China, and South Africa—is as contentious as it is misunderstood. Skeptics dismiss the BRICS out of hand, arguing that the coalition is all talk and no action. Enthusiasts, on the other hand, maintain that the BRICS portend a new global pecking order—one in which the emerging economies, led by China, will challenge and eventually overtake a West in decline. More sober analysis is hard to come by.

Read Here – The National Interest

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