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.
By Kristin Palitza CAPE TOWN, May 24 (IPS) – The reality of Indian and Chinese investment in Africa is much more complex than the good cop, bad cop image of Asia’s two emerging economic giants.
By Fabiana Frayssinet RIO DE JANEIRO, May 23 (IPS) – China's voracious demand for energy has prompted it to embrace Brazil as a major oil partner, fuelling the dramatic expansion of Chinese companies in this South American country. But while some see this as a boost to the Brazilian economy, others fear that it poses [...]
By Isolda Agazzi GENEVA, May 23 (IPS) – Ahead of the Universal Periodic Review (UPR) of India, a coalition of NGOs denounced the gap between the country’s growth rate and the rate of poverty, malnutrition and lack of health and sanitation.
By Kristin Palitza CAPE TOWN, May 22 (IPS) – Africa needs to reduce its dependency on foreign aid and get to the point of financing its own development, some of the continent’s key development experts say. Timing is optimal now that Africa is experiencing an economic boom with annual growth rates of up to eight [...]
By Peter Richards BRIDGETOWN, Barbados, May 22 (IPS) – The Caribbean Community bloc (Caricom) is lobbying Mexico to use its influence as chair of the G20, which controls 90 percent of world trade, to promote the interests of the Caribbean and other small island developing states when it meets in June.
By Mario Osava SÃO PAULO, May 18 (IPS) – Energy integration in South America will be a reality "in the medium to long term," driven by hydropower and drawing on Brazil’s experience, predicts Altino Ventura Filho, secretary of planning in this country’s Ministry of Mines and Energy.
Miriam Gathigah interviews MICHAEL SUDARKASA, chief executive officer of the African Business Group. NAIROBI, May 15 (IPS) – Economic and social growth have become the heart of the development agenda of the bloc of leading emerging economies known as IBSA (India, Brazil and South Africa) since it began focusing less on politics.
By Fabíola Ortiz RIO DE JANEIRO, May 7 (IPS) – The Brazilian government of Dilma Rousseff is taking firm steps towards stronger relations with Africa, such as the creation of a special fund to finance development projects together with multilateral lenders like the World Bank.
By Vanya Walker-Leigh HANOI, May 7 (IPS) – Hailed as a development success story for lifting millions out of poverty and staying on track to meet all its Millennium Development Goals (MDGs) by 2015, Vietnam's future progress is severely threatened by the impact of global climate change.
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