Edition: International | Greek

Home » World

  • For more than a decade, the EU and India partnership had been slow-moving and fragmented, struggling to maintain momentum. The relationship remained far too focused on set-piece summits rather than fostering dynamic everyday linkages. Meetings, including summits, would be ritually cancelled and the paucity of high-level bilateral visits revealed a lack of political will. Unfairly large emphasis was laid on foreign policy cooperation, but on many issues divisions far exceeded commonalities, leading to disappointment and an overall delusion in the potential of the partnership.

    EU-India relations come full-circle

    For more than a decade, the EU and India partnership had been slow-moving and fragmented, struggling to maintain momentum. The last EU-India summit however shows EU-India relations have come full circle

    Read more

Consider the most extraordinary, and probably unrepeatable, feat of Chinese convergence. In 1977, the US–China gap in GDP per capita (and probably very similarly in wages) was almost 50 to 1, adjusted for the difference in price levels between the two counties. (This is based on World Bank data; according to Maddison’s data, the gap was less than half that size, but still a huge 21 to 1). It is now 4 to 1. And this is the result of an average growth rate of Chinese GDP per capita of 8.5 percent over four decades.

Ending inequality between countries: not by trade alone

Is a world of approximately equal country incomes really possible to envisage any time soon?

Each member of BRICS also has their own reason to sustain this plurilateral movement. Russia sees BRICS as a geopolitical counterweight to the eastward expansion of the Atlantic system. For South Africa, BRICS is a means to legitimize its role as a gateway to and powerhouse of the African continent. BRICS allows Brazil to collaborate in the shaping of the Asian century, despite its geographical location. China participates in the forum because it recognizes BRICS as an important vehicle for fashioning governance systems in which its political influence is commensurate to its growing economic heft. Finally, for India, BRICS is a useful bridge between its rising status as a leading power and its erstwhile identity as the leader of the developing world.

The next ten years of BRICS - will the relationship last?

Over the years, many observers have expressed skepticism about the BRICS (Brazil, Russia, India, China and South Africa) initiative - and skeptics within the BRICS member states perhaps outnumber those outside

India’s digital state, unfortunately, does not engender the trust needed for cashlessness to take hold in a meaningful way. Despite a billion mobile phone subscriptions, just about 30 per cent of Indian subscribers use smartphones. A little over a third of the population has internet access. India lacks the infrastructure to reliably expand access. Connections are patchy and there is great disparity in connectivity: Seventy per cent of those with mobile internet access are in cities; only 17 per cent of Indian women use the internet, according to the Pew Research Center. With women responsible for much of household purchases, this does not provide a strong foundation for the spread of digital payments.

Going cashless: is India ready for digital?

“Time has come for everyone, particularly my young friends, to embrace e-banking, mobile banking and more such technology”. So said Narendra Modi, doubling up as the nation’s digital evangelist-in-chief. Appropriately, he “said” this via a tweet

The morning of the Forum saw three panel sessions discussing the necessary leadership from the private sector and regional and city governments, as well as ways, to accelerate investment in low carbon innovation. The California State Controller Betty Yee took part in the opening plenary. As Board Member of CALPERS AND CALSTRS, she emphasized both of the pension funds’ interest in what the businesses they are investing in are doing to address climate risks, and more and more large US firms are taking climate change seriously.

Public and private finance leaders discussed low carbon investment in New York

On Tuesday 19 September, Climate Action, in official partnership with UNEP Finance Initiative, held the second Sustainable Investment Forum 2017 at the Crowne Plaza Hotel Times Square in New York during Climate Week NYC

The Wall Street Journal reported that during last  weekend’s meeting in Montreal, Trump administration officials had said that US will not pull out of the climate agreement, and that they were willing to re-engage with the deal.

Has President Trump changed his mind on the Paris Agreement?

During the past week, more and more media report that the US stance on the landmark climate agreement is softening, leaving wide room for interpretation that maybe the US is ready to re-negotiate its participation to the Agreement


The UN has a 17-step plan to save the world

By: EBR | Friday, September 08, 2017

The role of carbon pricing, taxing & trading in emissions reduction

By: EBR | Friday, September 01, 2017

Trump and Twitter - what’s next?

By: EBR | Tuesday, August 29, 2017

Watch the world’s greatest cities rise and fall over the past 4,000 years

By: EBR | Friday, August 25, 2017

CPI announces new design for investment in renewable energy

By: EBR | Wednesday, August 09, 2017

The destruction of an economy: What went wrong in Venezuela

By: EBR | Tuesday, August 08, 2017

To live long and happily, the Japanese ask four questions

By: EBR | Tuesday, August 08, 2017

The geopolitical landscape of Asia Pacific is changing dramatically. Here’s how

By: EBR | Friday, August 04, 2017

What does the future of Europe-Asia cooperation look like?

By: EBR | Friday, August 04, 2017

Why cyberattacks could be war crimes

By: EBR | Thursday, July 20, 2017

These countries have the most positive influence on the world

By: EBR | Monday, July 17, 2017

UN to partner with 11 global banks to encourage climate transparency in financial markets

By: EBR | Monday, July 17, 2017

Brazil: A fallen hero and the start of a new era?

By: EBR | Friday, July 14, 2017

Peace is the ultimate goal of conflict – and cooperation is the key

By: EBR | Friday, July 14, 2017

10 astounding facts to help you understand China today

By: EBR | Friday, July 07, 2017

How the US and China compare on action against climate change

By: EBR | Friday, June 30, 2017

The numbers that make China the world’s largest sharing economy

By: EBR | Friday, June 30, 2017

Forget driverless cars: sailorless ships are about to make waves

By: EBR | Friday, June 23, 2017

China’s poaching of Taiwan’s diplomatic allies

By: N. Peter Kramer | Monday, June 19, 2017

Our oceans are in crisis – here are 5 things we can do to save them

By: EBR | Monday, June 12, 2017

The global dimensions of the Qatar crisis

By: EBR | Tuesday, June 06, 2017

Climate action: how can we revive the ’Spirit of Paris’?

By: EBR | Friday, June 02, 2017

The US has ditched the Paris climate agreement - what does this mean for the rest of the world?

By: EBR | Friday, June 02, 2017

Trump’s new world order

By: EBR | Friday, June 02, 2017

Pages: Next


Parliament poll: Public confidence in the EU is growing

A clear majority of EU citizens now believe that EU membership is good for their country, according to a survey of how they view the EU and its institutions, released on Wednesday (18 October)


BitLocation in talks to bring Bitcoin Trading to the High Street

BitLocation declines to name the UK firm, but describes it as one of the top-five FX retail groups and one of two in the UK it has had contacts with in recent weeks

Editor’s Column

In a ‘constructive’ Brexit spirit May repeats: ‘better no deal than a bad deal’

By: N. Peter Kramer

In her speech in Florence (Italy) at the end of September, UK Prime Minister May made clear that Britain will not leave the EU on March 30 2019, the date that the EU Withdrawal Bill will be enacted and the UK membership will be terminated officially


Live World Indices are Powered by Forexpros - The Leading Financial Portal.


View 4/2017 2017 Digital edition

Current Issue

4/2017 2017

View past issues
Digital edition

All contents © Copyright EMG Strategic Consulting Ltd. 1997-2017. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron