Falling Rupee Puts Modinomics In Great Peril
Though drops in the Japanese yen and Chinese yuan are getting the global headlines, the all-time lows set by the Indian rupee may be the most troubling currency stumble of them all. Read More Here
Tag: trade deficit
China And India Are Trying To Write A New Page Of The World Economy
Trust is an economic variable sounded like an echo swirling around Wuhan’s East Lake in China as President Xi Jinping was hosting last Friday and Saturday Indian Prime Minister Narendra Modi for an “informal,” “heart-to-heart” summit. Read Here – CNBC
Can Modi’s Visit Upgrade Sino-Indian Ties?
Modi has been busy strengthening India’s ties with neighboring countries to compete with China, while trying to take advantage of the tremendous opportunities for economic development created by China, as Beijing is actively carrying forward the “One Belt and One Road” initiative. Modi has also been playing little tricks over border disputes and security issues, […]
World Trade Disorganisation
In history, a hegemon is largely associated with the presence of international economic infrastructure. In the 19th century, the British hegemon underwrote the liberal international order in the form of free trade and gold standard. The liberal order was later re-established by the American hegemon, which has overseen the Bretton Woods system from 1945. By […]
Can India And China Be Friends?
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 […]
Budget And Trade Deficit, The Two Big Issues For the U.S.
While Washington is consumed by political furor over how to get the federal budget deficit under control, strangely few people are talking about its troublesome twin sister. Unlike the budget deficit, the half-trillion-dollar U.S. trade deficit does nothing to stimulate the economy even in the short term. Rather, it is sucking jobs out of the […]
Britain: A Nation In Decay
Lost in this cross-wired debate is the issue of the long-term future of the economy. Britain has been finding it difficult to recover from the financial crisis not just because of its austerity policy but also because of its eroding ability to engage in high-productivity activities. This problem is most tellingly manifested in the country’s […]
Russia, Faced With A Debt Crisis In Its Top Trading Partner, Is Pivoting East For The Trade And Investment President Vladimir Putin Needs To Meet The Economic Targets He Set For His Third Term, Says Bloomberg
The world’s largest energy exporter plans to construct an oil refinery on the Pacific coast and may send grain eastward asToyota Motor Corp. (7203) and Mazda Motor Corp. (7261) consider building Russian plants. The government has spent more than $20 billion to showcase Vladivostok, 4,000 miles east of Moscow, as leaders gather for this week’s Asia-Pacific Economic Cooperation […]
India, China Seek To Better Trade Ties As Global Economy Slows, But Can The Old Trust Deficit Give Way To A New Start?
Trade between the countries was $75.4 billion in 2011-12, against $59 billion in 2010-11. In 2011-12, exports to China stood at $17.9 billion while imports from there stood at $57.5 billion, resulting in a trade deficit of $39.6 billion. Read Here – Mint
looking beyond borders 