Although it remains the fastest growing region, Asia is already experiencing an economic slowdown, with gross domestic product (GDP) expected to fall from 6.8 percent in 2011 to slightly below six percent in 2012. Several countries – including China, India and Turkey – have been adversely affected by weaker demand from developed countries.
In South Africa, Bus Rapid Transit systems, which were pioneered to great effect in Latin American countries such as Colombia and Brazil, are being promoted as potentially effective ways of delivering improved public transport services to the urban poor. But experts question whether systems such as these can alleviate poverty to any meaningful extent.
Since January 2012, aviation has been included in the European Union’s Emissions Trading Scheme (ETS) that requires aircraft operators to surrender one allowance per tonne of carbon-dioxide emitted on a flight to and from (and within) the EU. This covers passenger, cargo and non-commercial flights and applies no matter where an aircraft operator is based.
There is little likelihood that South America’s Mercosur trade bloc will take up China’s proposal to establish a free trade agreement, at least in the short term. Experts and industrialists fear an invasion of cheap Chinese goods, and unequal competition.
India may be famous for the Taj Mahal, its religious ceremonies, Bollywood films and one of the highest economic growth rates in recent years. But more importantly, India has had a positive global impact through its supply of vast quantities of low-cost, good-quality generic medicines, which have saved or prolonged millions of lives.
By Neena Bhandari SYDNEY, Apr 11 (IPS) – While developing Asian countries have experienced robust growth – lifting living standards and reducing poverty – increasing wealth is fuelling income disparities and inequality, posing a major threat to the region’s stability, warns the Asian Development Bank (ADB)’s flagship report released Wednesday.
By Kalinga Seneviratne SINGAPORE, Apr 10 (IPS) – The rapid currents moving the centre of economic influence towards an emerging global order headquartered in Asia were evident at the PanIIT’s 2012 annual conference of alumni of the highly prestigious Indian Institute of Technology (IIT), which took place in Singapore over the Easter weekend.
By Ravi Kanth Devarakonda GENEVA, Mar 30 (IPS) – Brazil and South Africa have experienced a widespread contraction of their manufacturing industries, with the latter suffering massive unemployment as well, thanks to the rampant volatility and misalignment of dominant global currencies like the dollar, trade experts from the two countries say.
By Servaas van den Bosch JOHANNESBURG, Mar 29 (IPS) – South Africa’s membership of the bloc of leading emerging economies and its unique position in Africa heralded the country’s role as a gateway into the African continent. However, trade experts question whether it can live up to this position as investors begin to increasingly look [...]
By Ranjit Devraj NEW DELHI, Mar. 19 (IPS) – By allowing a generic manufacturer to produce a patented cancer drug at a fraction of its current cost, India has declared that it is not about to abandon its role as the ‘pharmacy of the world’s poor’.