India

Global Spectator, by Andrés Ortega India’s brutal demonetisation was not so bad after all

  While all eyes were trained on the presidential elections in the US, the Indian Prime Minister, Narendra Modi, made a surprise television announcement on 8 November: all 500 and 1,000 rupee notes (worth some €7 and €14, respectively), accounting for 86% of all the cash in circulation, were [...]

Is India the new China?

Maybe it is, but it could take a while in global presence terms. Following the episodes of financial turbulence and a cooling of growth rates and expectations in China, there is a rising debate on whether the other Asian giant, India, could now take the lead in several domains [...]

Global Spectator, by Andrés Ortega Middle classes cut down to size

It may seem contradictory when the middle classes in emerging economies (now going through a slowdown) are growing like never before. But according to some studies, their numbers have been exaggerated. And in a good deal of Europe and the US, the middle classes are in free-fall, something that [...]

EU-India relations: let’s focus on getting to know each other better

At the beginning of this month, I had the privilege to be invited to New Delhi (my first time ever) to attend a meeting of European and Indian think tanks on the topic: “EU and India: closer partners in global governance?” The event was organized by the EU-Asia Centre [...]

The BRICS bank: the first big move in China’s global weiqi game

The coming weekend a number of senior officials of the BRICS will arrive to Brazil. Most of them will try to attend the football world cup final on Sunday, but enjoying the atmosphere of the Maracaná stadium will not be the highlight of their visit. After the weekend they [...]

Global Spectator, by Andrés Ortega BRIC nationalism

The election of Narendra Modi and his BJP party in India has marked the arrival of another nationalist –or, rather, an even more nationalist, as they have all been so-, at the head of a BRIC (Brazil, Russia, India and China; let’s leave South Africa out for the time [...]

The Elcano Global Presence Index and measuring military projection

The Elcano Royal Institute has developed an Index (the Elcano Global Presence Index) to measure the global presence of key countries in the world. The index seeks to measure the ability of countries to project themselves beyond their borders. External presence is a prerequisite for countries to achieve influence [...]

Global Spectator, by Andrés Ortega Still emerging, but not so much

They are performing better than we Europeans, but not as well as before. The growth of the emerging economies is slowing down. Are we at the end of the Great Convergence, as Dani Rodrik suggested some months ago, or is this just a slowdown, as Martin Wolf saw it, [...]
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