In many respects, a strategic and economic partnership with India could catalyze Japan’s renewal as a 21st century great power – one no longer as dependent on the United States, and one better diversified to compete with emerging economies. Read Here – RealClearWorld
Our imperialist mindset — a hangover from the 20thcentury — suggests that developing countries are always helpless without the West. That says more about our limited analytical abilities than about how the emerging world will fare, writes Zachary Karabell Read Here – Reuters
Apart from some huge outliers, such as Yum! Brands and Coca-Cola, U.S. business have fallen far behind their competitors in other nations when it comes to tapping into developing markets. Here is how they can make up that lost ground — and shore up the United States’ economic future. Read Here – Foreign Affairs
The recent financial turmoil in China, with interbank loan rates spiking to double digits within days, provides further confirmation that the world’s second-largest economy is headed for a hard landing. Fueled by massive credit growth (equivalent to 30% of GDP from 2008 to 2012), the Chinese economy has taken on a level of financial leverage […]
World economic growth will struggle to accelerate this year as a U.S. expansion weakens,China’s economy levels off and Europe’s recession deepens, the International Monetary Fund said. Read Here – Bloomberg
Brazil, one of the world’s largest emerging markets, achieved a major diplomatic victory with the election this week of its candidate, Roberto Azevedo, as director-general of the World Trade Organization. In this heavily disputed election, involving 159 member countries, Brazil cashed in on a long campaign, cultivating support among the developing countries of Africa, Asia, […]
Asia needs to guard against asset bubbles, and its emerging economies must improve government institutions and liberalize rigid labor and product markets to encourage development, the International Monetary Fund said. Read Here – New York Times
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. […]
Booming cities are driving global economic growth in many parts of the world. We live in an age of extraordinarily rapid urbanization: The number of people living in cities is predicted to grow by more than 2.5 billion over the next 40 years — mostly in emerging countries such as China, India, Brazil, Indonesia, Nigeria, […]
This week, 5,000 delegates from developing nations have gathered in the coastal city of Durban for the fifth annual BRICS summit, and the first to be held in South Africa, which joined the association of emerging national economies in 2010, formally becoming the “S” in the BRIC wall. But the location of this year’s summit underscores […]
looking beyond borders 