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 […]
One of China’s overriding strategic goals is to thwart the U.S. rebalance of attention and resources to the Asia-Pacific region. At the twin summits of the Brazil-Russia-India-China-South Africa forum (BRICS) and the Shanghai Cooperation Organization (SCO) in Ufa, Russia, President Xi Jinping presented the outlines of the triple approach that Beijing will utilize. Read Here […]
Leaders of the so-called BRICS countries are meeting starting Wednesday in Ufa, Russia. Here’s what you need to know about these emerging market economies to follow the summit. Read Here – Bloomberg Bloomberg
What do the 2,400 people who work for the International Monetary Fund (IMF) actually do? Read Here – Brookings
China has lots of capital, and India needs to build a huge amount of infrastructure. But, as ever, something that seems simple on the surface is made considerably murkier due to politics. Of the many contested land borders the People’s Republic of China had when established in 1949, many of the remaining ones are with […]
Leaders of the Brazil, Russia, India, China and South Africa — all emerging market nations — launch a $100 billion development bank and a currency reserve pool in their first concrete step toward reshaping the Western-dominated international financial system. The bank, aimed at funding infrastructure projects in developing nations will be based in Shanghai and […]
And what’s happening in the world today? Are the issues facing us changing, or are they the same the world battled with a decade ago? There are some surprises ahead. Here are are the 10 stealth economic trends that are impacting our world today. Read Here – The Atlantic
It’s five years since the collapse of Lehman Brothers, on 15 September 2008. Since then, the legitimacy of capitalism as a way of organising society has been undermined; its promises of prosperity, social mobility and democracy have lost credibility. But there has been no radical change. The system has repeatedly come under fire, but it has […]
Is India different? Last month, India’s finance minister confidently declared that nothing could stop his country from becoming the world’s third-biggest economy. He may well be right, but size alone does not make India a special case. Its growth has been fast, but it is no trailblazer. Read Here – Foreign Policy
The ascendance of the emerging markets was supposed to be brought into sharp relief as the world recovered from the financial crisis. But since they peaked in late 2007, the BRICs—Brazil, Russia, India, and China, the supposed core of the emerging-market dynamo—have on a total-return basis vastly underperformed the U.S.’s Standard & Poor’s 500-stock index. […]
looking beyond borders 