IN recent years, the bank accounts of India, Brazil and South Africa have been on a path of constant deterioration. These countries rely on shorbterm foreign capital to hold their current account deficits. And with gr...IN recent years, the bank accounts of India, Brazil and South Africa have been on a path of constant deterioration. These countries rely on shorbterm foreign capital to hold their current account deficits. And with grow- ing expectation of a U.S, liquidity contrac- tion, the direction of global capital flow has reversed. The three countries＇ currencies are depreciating on a large scale, Since May, the Indian Rupee＇s exchange rate against the dollar hit a series of record lows. exhibiting a trend of currency crises with a depreciation scale over 20 percent.展开更多
Global issues,just as the name implies,refer to the common threats and challenges facing the whole globe.Upon the backdrop of deepening globalization and increasing interdependence among all the countries,global issue...Global issues,just as the name implies,refer to the common threats and challenges facing the whole globe.Upon the backdrop of deepening globalization and increasing interdependence among all the countries,global issues feature diversification and complexity.Furthermore,without the so-called'world government'in place,all the countries should展开更多
South Africa’s membership in the BRICS club may bring more opportunities to the whole of Africa At their third summit,leaders from Brazil,Russia,India and China,known as the BRIC group of major emerging economies,wel...South Africa’s membership in the BRICS club may bring more opportunities to the whole of Africa At their third summit,leaders from Brazil,Russia,India and China,known as the BRIC group of major emerging economies,welcomed a new member,South African President Jacob Zuma.Zuma led a high-level delegation,including South Africa’s international relations and cooperation minister,economic development minister and trade and industry minister,to attend the summit on April14in Sanya,south China’s Hainan展开更多
The New Development Bank will bridge the huge financing gap in building infrastructure among BRICS members As one of the major supporting facilities of the BRICS cooperation,the New Development Bank(NDB),headquartered...The New Development Bank will bridge the huge financing gap in building infrastructure among BRICS members As one of the major supporting facilities of the BRICS cooperation,the New Development Bank(NDB),headquartered in Shanghai,China,formally came into existence as a legal entity展开更多
文摘IN recent years, the bank accounts of India, Brazil and South Africa have been on a path of constant deterioration. These countries rely on shorbterm foreign capital to hold their current account deficits. And with grow- ing expectation of a U.S, liquidity contrac- tion, the direction of global capital flow has reversed. The three countries＇ currencies are depreciating on a large scale, Since May, the Indian Rupee＇s exchange rate against the dollar hit a series of record lows. exhibiting a trend of currency crises with a depreciation scale over 20 percent.
文摘Global issues,just as the name implies,refer to the common threats and challenges facing the whole globe.Upon the backdrop of deepening globalization and increasing interdependence among all the countries,global issues feature diversification and complexity.Furthermore,without the so-called'world government'in place,all the countries should
文摘South Africa’s membership in the BRICS club may bring more opportunities to the whole of Africa At their third summit,leaders from Brazil,Russia,India and China,known as the BRIC group of major emerging economies,welcomed a new member,South African President Jacob Zuma.Zuma led a high-level delegation,including South Africa’s international relations and cooperation minister,economic development minister and trade and industry minister,to attend the summit on April14in Sanya,south China’s Hainan
文摘The New Development Bank will bridge the huge financing gap in building infrastructure among BRICS members As one of the major supporting facilities of the BRICS cooperation,the New Development Bank(NDB),headquartered in Shanghai,China,formally came into existence as a legal entity
