Stories written by Shyam Saran

OPINION: Indian Economy: Fading Promise or Gearing for Growth

It was in 2001 that the Chief Economist of Goldman Sachs, Jim O’Neill, coined the acronym, BRICs, to denote the special category of large emerging economies, which he predicted were destined to transform the structure of the global economy, through sustained growth in the twenty first century. According to him, the BRICs, namely, Brazil, Russia, India and China, which at the turn of the century accounted for 25% of global Gross domestic product (GDP), could double their share to 50%.

Opinion: The Bumpy Road to an Asian Century

It has been apparent for some time that we are in the midst of a historic shift of the centre of gravity of the global economy from the trans-Atlantic to what is now becoming known as the Indo-Pacific.  

BRICS – The End of Western Dominance of the Global Financial and Economic Order

The sixth BRICS Summit which has just ended in Brazil marks the transition of a grouping based hitherto on shared concerns to one based on shared interests.

Looking Forward to the Foreign Policy of the Modi Government

Even though there has been a broad political consensus over the major tenets of India’s foreign policy across successive governments in the past, the assumption on May 26 of a BJP-led government in India will have some visible impact on external relations, precisely because of the prospects of a strong government at the centre and a decisive and charismatic leader at its head.

The Emerging Economies and the G20 Summit at St. Petersburg

The eighth G20 Summit convened in St. Petersburg on Sept. 5-6, 2013 was dominated by the Syrian crisis, deflecting attention from the mandate of the gathering to serve as the premier forum for international economic coordination.

Quantitative Easing: Impact on Emerging and Developing Economies

The global economy is awash with successive waves of liquidity generated over the past few years by the four most advanced economies, viz., the United States, the European Union, (EU), Japan and the United Kingdom, known as the G4. This liquidity has taken the form of “quantitative easing” (QE).

The G-20: Struggling to Remain Relevant

The seventh G-20 Summit at Los Cabos, Mexico, concluded on Jun. 19 with results that may seem encouraging in the short-term, but embedded with additional risks for the medium and longer-term.

The Fourth BRICS Summit: Chinese Flavours in an Indian Curry

The Delhi Declaration and Action Plan adopted at the 4th BRICS Summit in New Delhi on March 29, 2012, would have quickly laid to rest any residual anxiety in Western capitals that a serious rival focus of power and influence was beginning to take shape in the Indian capital.

THE EMERGING ECONOMIES AND THE CHANGE OF GUARD AT THE IMF

Despite the loud rhetoric about how the centre of gravity of the global economy and, with it, political influence, have moved from the trans-Atlantic to Asia, there continues to be strong resistance to reflecting this shift in the institutions of global governance.

THE EMERGING ECONOMIES AND THE CHANGE OF GUARD AT THE IMF

Despite the loud rhetoric about how the centre of gravity of the global economy and, with it, political influence, have moved from the trans-Atlantic to Asia, there continues to be strong resistance to reflecting this shift in the institutions of global governance.



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