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Viewpoint by Jonathan Power
LUND, Sweden (IDN) — One of the most peculiar aspects of the current debate in the US Congress on the big expenditure bills, and last month’s budget presentation before the British parliament, as the country struggles from the economic fallout from Brexit and the Pandemic, is that rarely has there been mention of the name John Maynard Keynes.
By Iara Pietricovsky & Livi Gerbase
Iara Pietricovskyis, current President of FORUS - International Forum of NGO Platforms and co-director OF INESC - Institute of Socioeconomic Studies, at the Brazilian NGO Association (Abong). She has represented the institution in international fora, especially the socio-environmental and indigenous areas, and has a degree in Social Sciences, specializing in Anthropology. Livi Gerbase is the policy adviser for the Brazilian Institute for Socioeconomic Studies - INESC, working in the area of public budgeting, tax justice and monitoring of international financial institutions. She holds a master's degree in International Political Economy from Federal University of Rio de Janeiro.
Viewpoint by William N Kring
The writer is the Assistant Director for the Global Development Policy Center at Boston University. This article first appeared on EastAsiaForum on September 7, 2021.
BOSTON (IDN) — As the more lethal and contagious Delta variant of COVID-19 rips across the globe, the prospects of multilateral efforts to combat the virus, tackle the looming global debt crisis and mount a sustainable economic recovery are dim. Nowhere is the insufficiency of the multilateral response more apparent than on the issue of debt relief.
By Kester Kenn Klomegah*
MOSCOW (IDN) — The Russian Chamber of Commerce and Industry (CCI) says it is working very hard to continue to prioritise the interests of Russian entrepreneurs in all its dealings. One of the ways the organisation is doing this is by strengthening its international ties.
Already, the CCI has successfully established 76 operational business councils with 76 countries. They involve representatives of the Russian business community and those from the relevant state.
By Jutta Wolf
BERLIN (IDN) — Germany is one of the most important countries for Chinese investors and ranks tenth in terms of Chinese foreign direct investments (FDI). Particularly the transport sector and the technology sector in Germany received a great number of investments from Chinese investors in recent years.
Although China has recently focused more than ever on geostrategic investments in countries of the "Belt and Road Initiative," investments in Germany remain strategically important for Chinese investors to gain access to key technologies.
By Press Trust of India (PTI)
BEIJING (IDN) — China, which was the first to be hit by COVID-19 and the earliest to recover from the lockdown effects, has fixed a GDP (Gross Domestic Product) target of over 6% in 2021, optimistic of an economic recovery after last year’s 2.3% growth, its weakest in decades.
Premier Li Keqiang, in an announcement at the country’s Parliament National People's Congress (NPC), said China, the world's second largest economy, aims to expand its Gross Domestic Product (GDP) by over 6% in 2021, with more efforts on reform, innovation and high-quality development.
By Devendra Kamarajan
NAIROBI (IDN) — When the COVID-19 pandemic crisis started, most people were extremely pessimistic. They thought that the region would drown in terms of trade declining catastrophically. But a new report reveals that the East Africa Community economies — Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda — have, by global standards, proven to be relatively resilient.
Viewpoint by Dushni Weerakoon
The writer is the Executive Director and Head of the Institute of Policy Studies of Sri Lanka.
COLOMBO (IDN) — The unprecedented disruptions of COVID-19 are causing a geopolitical reset — and as the global order is redrawn, small emerging market economies like Sri Lanka are vulnerable to the fallout. Sri Lanka straddles vital shipping routes and is at the centre of diplomatic spats between China and the United States, who called on Sri Lanka to make ‘difficult but necessary choices’ over its growing economic and political ties to China.
By Lisa Vives, Global Information Network
NEW YORK (IDN) – Mixed news from Africa: the Somali Practitioner of ‘Yogadishu’, Ilwad Elman, is the German Africa Peace Prize Winner for 2020. Ilwad Elman has been helping former child soldiers and rape survivors overcome their trauma. Analysts say that recovery for the African States could be dimmed by debt. and African maternal health groups expect better times for women under Biden as the next US President.
Viewpoint by Kalinga Seneviratne
SYDNEY (IDN) – A one-sided trade war has been gathering momentum between China and Australia, ever since Australian Prime Minister Scott Morrison called for an “independent” international investigation of the origins of Covid-19, which infuriated China.
China is Australia’s biggest trading partner with two-way trade worth A$ 235 in financial year 2018-19, which amounts to 26% of Australia’s total trade.
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