A report released last month discussed the rising profile of BRICS countries–Brazil, Russia, India, China, and South Africa–in health and development assistance and called upon the group to further their cooperation for better global health in the developing world. “Shifting Paradigm: How the BRICS are Shaping Global Health and Development” (PDF), written by the NGO […]
A power shift at the International Monetary Fund (IMF) in favor of Emerging Market nations has now set the stage for a fierce international battle over who should succeed Dominique Strauss-Kahn (DSK) as he battles well-publicized allegations of sexual assault in New York. The outcome of this struggle and may threaten the ‘gentlemen’s agreement’ […]
Long viewed as a safe investment in times of economic turmoil, the US dollar, also known as ‘Greenbacks,’ may be losing its safe haven appeal as it suffers strong downward pressures resulting from rising oil & commodity prices, high Federal budget deficits, soaring national debts and economic uncertainty in the aftermath of several financial crises.
G-20 world leaders meeting in Seoul, South Korea, concluded the summit late Friday by issuing a joint communiqué, with no specifics, agreeing only in general terms to curb “persistently large imbalances” in saving and spending. But deep divisions, especially over the US-China currency dispute, left G-20 officials negotiating all night to draft a watered-down statement for the leaders to endorse, keeping alive a dispute that raises fears of a global trade & currency war, and fears of rising protectionism among nations.
A briefing on the major global economic issues that will confront world leaders as they gather for the upcoming 2010 Seoul G-20 Summit.
In a display of the increasing role that financial, trade and economic policy holds in US foreign policy, President Obama in the first leg of his Asian tour announced a host of new trade deals with India supporting tens of thousands of US jobs as he began a 10-day trip through Asia — demonstrating the importance of global trade to the sluggish US economy.
There are mounting anxieties in Global capital markets over the divergence between China’s economic policies – specifically, its currency exchange rate policies — and the relationship that currency valuation has to a sputtering economic recovery in the rich Western economies.
The City of Toronto, Canada – a truly international destination – was undoubtly proud to be the host of the G-20 Summit this past weekend, 26-27 June. As one of the very few developed nations hit hard by the global financial crisis, Canada grasped the opportunity to spruce up its image by investing more than $1Bn […]