Among the ways Prime Minister Narendra Modi broke from precedent during his U.S. visit was in engaging the business community directly. This is a very welcome development and signals an evolving role for the U.S. government on business issues.
An Address at the Launch of Zbigniew K. Brzezinski Institute
Convened by the Center for Strategic and International Studies
East Asia’s Strategic and Economic Future: Chinese Perspectives and American Responses
In the late 1940s, the United States chose to make a strategic investment in the international economic order, which had been reduced to rubble over the previous three decades.
On October 5, 2014, Brazilians head to the polls to elect their next president, choosing among Dilma Rousseff (the Workers’ Party incumbent), Marina Silva (Socialist Party), and Aécio Neves (Brazilian Social Democratic Party).
On September 30, Prime Minister Narendra Modi of India concluded his first visit to the United States since his party, the Bharatiya Janata Party (BJP), won a majority in the lower house of India’s Parliament in the spring 2014 election.
The past eight months or so have seen much of the international community focusing on the unfolding crisis in Ukraine, as countries and international organizations alike have struggled to respond. Over the summer, the United States and the European Union began a process of imposing sanctions on Russia in an effort to dissuade Vladimir Putin’s further escalation of the conflict.
The Japanese economy has been under-performing since the 1990s, and—with a shrinking population and the highest debt-to-GDP ratio in the world—it is at risk of doing even more poorly over the next couple of decades. The only way Japan is going to be able to improve its long-term growth trajectory is by getting more people into the workforce and increasing worker productivity.
Abenomics: Still Fragile
Abenomics, the three-point economic revival strategy of Prime Minister Shinzo Abe, was introduced when he started his second term in November 2012. The strategy is based on the so-called three arrows consisting of the Bank of Japan (the Bank) making a massive purchase of Japanese government bonds (JGBs), agile government spending, and structural reform.
Pakistan’s economic crisis is one of the main sources of its instability, but government and donor efforts to stabilize and grow its economy have so far been inadequate. One of the barriers to investing in Pakistan’s private sector has been the perceptions of risk due to insecurity and corruption.
Historians may come to see September 18th, 2014 as the accidental beginning of the long-term unwinding of the great European integration project that was birthed from the ashes of two world wars in the 20th century.