A COUNTRY which was clocking a growth rate a shade above 5pc per annum for most of its history is now finding that this rate has dropped to below 4pc. It gives the impression that this is the new equilibrium rate that we may have to live with for some time. What explains this lacklustre performance of the economy, even though there are some positive fundamentals that should be able to accelerate economic growth?
As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world.
Sunni Iraqis are fighting for their rights, which are completely legitimate. But a select few have carried flags of Saddam Hussain‘s regime during the demonstrations, losing them legitimacy in the eyes of Shias, who are worried about a returning Baathist tide to return under the cloak of Al Qaeda.
Making matters worse, the truth is unclear. Every Iraqi channel – owned by their various political parties – portrays a different perspective on the story, casting blame in different directions.
Since street protests began last December following a dispute election, Russia’s opposition has sought unsuccessfully to develop a united front. Opposition figures held an open “cyber-election” in October 2012 to create a leadership council that would organize future street protests. But such efforts are hampered by the diversity of Russia’s political spectrum. It’s often under-appreciated in the West that few countries boast such a wide spectrum of political opinion.