This month’s World Economic Outlook released
by the International Monetary Fund (IMF) only confirms that consequences of the collapse of the financial system, which started six years ago, are serious. And they are accentuated by the aging of the population, not only in Europe but also in Asia, the slowing of productivity and weak private investment.
The world’s attention turned to the practices of vulture funds after the U.S. Supreme Court affirmed a lower court opinion in the NML Capital vs Argentina case, which forbids the country from making payments on its restructured debt.
The numbers are in, and there’s not much to celebrate: every year, about six million people die as a result of tobacco use, including 600,000 who succumb to the effects of second-hand smoke.
Even moderately well-informed analysts knew that the Brazilian economy was in dire straits as President Dilma Rousseff initiated her second term in office in January.
Driven by solar and wind, world investments in renewable energy reversed a two-year dip last year, brushing aside the challenge from sharply lower oil prices and registering a 17 percent leap over the previous year to stand at 270 billion dollars.
First the centre of the silk route, then the epicenter of bloody conflicts, Afghanistan’s history can be charted through many diverse chapters, the most recent of which opened with the election of President Ashraf Ghani in September 2014.
For a long time, citizens of the United States have firmly believed that their country has an exceptional destiny, and continue to do so today even though their political system has become totally dysfunctional.
India’s Government under Narendra Modi is in overdrive mode to please businesses and investments in the country. The much aggrandised ‘Make in India
’ campaign launched in September 2014 is a clarion call for spurring investments into manufacturing and services in India and all eyes have turned to the power sector which is expected to undergo dramatic shifts.
The world is clearly splitting into two parallel worlds, with each going their own way, in what we could call the ‘Acapulco paradox’.
Despite a major online crackdown on the sale of illegal wildlife products in China, merchants are still peddling their wares in a thriving social media market.
Nearly half of the four billion people who reside in the Asia-Pacific region are women. They comprise two-thirds of the region’s poor, with millions either confined to their homes or pushed into the informal labour market where they work without any safeguards for paltry daily wages. Millions more become victims of trafficking and are forced into prostitution or sexual slavery.
When I am asked whether Europe is still a relevant “protagonist” in the modern world, I always answer that there is no doubt about it. For a long time now, the continent has been shaken by financial crises, internal security strategy crises – including wars – and instability within its borders, which definitely make it a protagonist in world affairs.
The cradle of some of the world’s most ancient civilizations, home to four out of the planet’s six billion people, and a battleground for the earth’s remaining resources, Asia and the Pacific are poised to play a defining role in international affairs in the coming decade.
The government of Argentina is building a marriage of convenience with China, which some see as uneven and others see as an indispensable alliance for a new level of insertion in the global economy.
So much information about climate change now abounds that it is hard to differentiate fact from fiction. Scientific reports appear alongside conspiracy theories, data is interspersed with drastic predictions about the future, and everywhere one turns, the bad news just seems to be getting worse.