Authors: Wang Wei, Edward Lai
The concept of the “BRIC” began to affect the audiences in 2001 when economist Jim O’Neill first used the term referring to the emerging countries like Brazil, China, India and Russia combined. And later it was added with South Africa. The argument go that the relative size and share of the BRICs in the world economy would rise exponentially and gradually imply for the G-7, which is regarded as the economic hegemony of the West, to make a rearrangement of the world order.
The winds blowing from the Indian Ocean towards sub-continent brings along the southwest monsoon season in Pakistan. Now-a-days, dark clouds gather all of a sudden on the horizon, giving an impression that a storm is coming. But hitherto there only have been pleasant showers. However, on the political horizon things are different.
On July 10, the president-elect Kh. Battulga was inaugurated at the State House in Ulan Bator, where he vowed to resume the “third neighbor policy” for safeguarding Mongolia’s independence and freedom. Although Mongolia’s role in the world affairs is marginal, the people living on land-locked country have been well-known for their great dream.
About a hundred miles north of Bangalore, India, in the village of Thimmamma Marrimanu grows an eponymous banyan tree. There are all kinds of records for trees: the tallest, the stoutest, the oldest, and so on, but the record for the largest canopy, at an astounding five acres, is held by this banyan. And it also holds the key to the Korean enigma.
Although China and Russia never use the term of ally to describe their current relationship, the entente has been the fait accompli between the two countries since 1996. With the state visit of President Xi Jin-ping to Russia on July 3-4, this is his sixth visit to Russia since his assumption of presidency, and was also the third meeting between the two heads of states in a period of six months of 2017.
The North Koreans sent the U.S. a gift on its July 4th Independence Day. In the morning, -- their time, it was still July 3rd evening in Washington -- they launched a missile. It reached a height of 1741 miles (2802 Km) which was 400 miles higher than the earlier May 14 launch. Calling it the Hwasong-14, they have claimed it has a range of 10,000 km and can reach anywhere in the world.
India on Tuesday rejected peace talk’s offer from United States to facilitate and resolve Kashmir issue between India and Pakistan. India has consistently ruled out third party mediation, including that by the UN or the US. Whereas, Pakistan welcomes international mediation and also encourages the U.S. and the UN to help resolve its disputes with India.
Indian PM Modi is in news again with a new economic project called GST. GST could mean two big things, one: Global State terrorism and two, Goods and Services Tax. While Indians are still struggling with the impact of demonetization, the Modi government has come out with yet another shock called GST.