Rising Inequality Could be Asia’s Undoing

Donghyun Park, lead author of the ADB’s 2012 Asian Development Outlook, launched the report at Lowy Institute for International Policy, Sydney / Neena Bhandari/IPS

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.

Brazil and South Africa Hit Hard by Exchange Rate Complications

Fishing boats in Cape Town harbour, South Africa, with Table Mountain as backdrop. Credit: Servaas van den Bosch/IPS

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.

South Africa No Longer the Gateway to the Continent

Rail networks in Africa remain underdeveloped only 10 percent of transport goes via rail. A train crossing the Namib Desert on its way from the Namibian port of Walvis Bay to the uranium rich Erongo Region. Credit: Servaas van den Bosch/IPS

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 [...]

India Affirms Role as Developing World’s Pharmacy

India’s generic pharmaceutical industry meets 70 percent of domestic demand and exports 11 billion dollars worth of generic drugs annually. / Kristin Palitza/IPS

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’.

BRICS Bank Could Change the Money Game

China could be the biggest beneficiary of a BRICS development bank. Credit: Kit Gillet/IPS

Analysis by Kester Kenn Klomegah MOSCOW, Mar 19 (IPS) – India’s proposal to set up a bank of the BRICS nations (Brazil, Russia, India, China and South Africa) will top the agenda at the summit of the group in New Delhi Mar. 28.

Simple Steps to Improving Aid Effectiveness

A lack of long-term housing plans in Haiti's post-earthquake tent cities made the refugees even more vulnerable to natural disasters. / Ansel Herz/IPS

By Isolda Agazzi GENEVA, Mar. 7 (IPS) – As donors struggle to meet their aid commitments, and the number of people around the world in need of direct humanitarian and development assistance skyrockets, many experts and activists are asking the tough question: are donors being effective?

INDIA: Kashmir Missing Its Demographic Dividend

A group of Kashmiri university students. Athar Parvaiz/IPS

By Athar Parvaiz SRINAGAR, Feb 29, 2012 (IPS) – Kashmir is missing out on a ‘demographic dividend’ and unable to cash in on its youthful population for lack of initiatives from a state government bogged down by a two-decade-old separatist insurgency.

Brazil’s Construction Boom Eases Integration of Haitians

Santo Antonio hydroelectric plant construction site in October 2010.  / Mario Osava/IPS

By Mario Osava PORTO VELHO, Brazil, Feb 21 (IPS) – Pierre was in the next-door country of Dominican Republic when the January 2010 earthquake destroyed half of Port-au-Prince and killed at least 200,000 of his fellow Haitians, including his wife and his mother.

EUROPE-INDIA: Trade Deal Threatens ‘Pharmacy of the Developing World’

Rally against the India-EU FTA by HIV positive people in New Delhi. Mudit Mathur/IPS

By Bari Bates BRUSSELS, Feb 14 (IPS) – Behind closed doors, a trade deal affecting a fifth of the world’s population has been quietly in the works for years.

South-South Focus to Keep Pace with Rising Population

A banner outside U.N. Headquarters  promotes  a global campaign by the U.N. Population Fund.  / UN Photo/Rick Bajornas

By Thalif Deen UNITED NATIONS, Feb 8 (IPS) – When the world’s rising population hit the historic seven billion milestone last October, the United Nations predicted that population growth will continue to increase, reaching an estimated 9.3 billion by the year 2050.

RSS IBSA in the News

  • SHYAM SARAN: Lacklustre Brics play to China’s score in Delhi pact
    BusinessDay Published: 2012/04/02 It is clear that China is emerging as the pre-eminent partner in the Brics grouping THE Delhi Declaration and Action Plan adopted at the fourth Brics summit in New Delhi last week would have quickly laid to rest any residual anxiety in western capitals that a serious rival focus of power and [...]
  • Australia invites more Indian investments, collaborations
    The Hindu, 31 January 2012, With Indian corporate sector having committed heavy investments in Australia in the mining, mineral and other sectors, bilateral trade is likely to touch Rs.2-lakh crore (Australian $40 billion) in the next three years from Rs.1.10-lakh crore (Australian $22 billion). In an effort to attract Indian investments further, the Australian Trade [...]
  • Indian tourists to SA rise by over 100% – minister
    City Press, South Africa, 31 January 2012, The number of Indian tourists travelling to South Africa increased by over 122% between 2005 and 2010, says Tourism Minister Marthinus van Schalkwyk. “South Africa is continuing to attract Indian tourists in great numbers, with 67 039 Indian tourists travelling to South Africa between January and September 2011, [...]

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