Today, after eight years as South Africa’s leader, and 10 years in charge of the governing ANC, Jacob Zuma’s laughter has turned against him. To many in this country it has become a jarring, charmless cliche – the hollow mirth of a man whose presidency is widely blamed for the corruption, misrule and economic stagnation that […]
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 […]
During his years in South Africa, Gandhi sought to ingratiate himself with Empire and its mission. In doing so, he not only rendered African exploitation and oppression invisible, but was, on occasion, a willing part of their subjugation and racist stereotyping. This is not the Gandhi spoken of in hagiographic speeches by politicians more than […]
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 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 […]
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 […]
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
When it comes to trading money for influence, China tops the list. People in the world’s biggest economy give bribery an average rating of 5.5 on the scale. China was followed by Jordanians (5.0) and Russians (4.5). Read Here – Quartz
As African nations recalculate gross domestic product to include previously unaccounted-for economic activity, it is evident that the size of the continent’s economy is much larger than what has been largely believed. Read Here – Businessweek
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 […]
looking beyond borders 