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Narenda Modi (INDRANIL MUKHERJEE/AFP/Getty Images)

Will India’s new PM achieve ‘minimum government, maximum governance?’

India’s new Prime Minister Modi seeks to cut the federal government and make it more efficient. Yet, there are significant challenges to overcome before he can improve the efficiency, effectiveness and accountability of the executive. After assuming office as the 15th Indian Prime Minister, Narendra Modi, in line with his campaign mantra of ‘Minimum Government Maximum […]

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rajan India central bank

Modi and Rajan face uphill battle with India’s growth and inflation

Given the potential conflict between Narendra Modi’s focus on growth and the Reserve Bank of India President Raghuram Rajan’s goal to curb inflation, both will need to work together to ensure a stable India. In the run up to Narendra Modi’s smashing victory in the Indian elections, rumors spread that the governor of the Reserve […]

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Vladimir Putin

Putin wins with Eurasian Economic Union

Russia, Kazakhstan and Belarus recently agreed to establish the Eurasian Economic Union. Like the Custom Union before it, Russia looks to benefit the most. On May 29, Russian President Vladimir Putin, Kazakh President Nursultan Nazarbayev and Belarusian President Alexander Lukashenka met in the Kazakh capital of Astana to sign a treaty authorizing the establishment of the […]

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Tobgay Bhutan (NY Times photo)

Bhutan’s economy rests hopes on new prime minister

In the years following Bhutan’s political reform, the country’s economy and infrastructure still lag behind. Heavily dependent on India for aid, Bhutan must attract more foreign investment and strengthen its private sector. After King Jigme Khesar Namgyel Wangchuck implemented the final phases of his father’s political reforms, Bhutan became one of the global community’s newest […]

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India whiskey

India’s domestic whiskey industry difficult to tap

India remains the world’s largest consumer of whiskey, an industry worth about $10 billion. Foreign whiskey brands, however, have struggled to capture the market due to a complicated federal tax structure, high import duties and policies favoring domestic producers. With more than 550 million votes cast in an election that spanned from April 7th to May 12th, India has finally […]

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Narendra Modi India

Post-election, Modi faces Pakistan trade question

Guest analyst Dr. Kiran Hassan discusses how India’s general election comes at a pivotal time in South Asia. As the largest democracy voted, many wondered what Narendra Modi’s foreign policy might be towards archrival Pakistan once elected as the next prime minister of India. Just days before his winning, Hindu nationalist Narendra Modi was quoted […]

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Myanmar Mandalay Temple Kutho Daw Pagoda; Source: DANIEL JULIE via Wikipedia

Is Myanmar a new El Dorado for foreign investors?

Myanmar (formerly known as Burma) moved from a 50-year-long military regime to budding civilian rule in 2011. The political transformation has initiated social and market reforms and has piqued foreign investors’ interest in one of the last Asian frontier markets to open. Having moved from being one of the richest countries in Asia before World War II to one of […]

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Russia debt crisis

Russia faces expanding regional debt crisis

Recent data released by Russia’s Court of Accounts indicates that the country’s regional governments are facing crisis situations with regional debts. In the past year, the level of total regional debt has doubled to 642 billion rubles, 3.3 times higher than had been expected from the Ministry of Finance. The number of regions that have […]

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Kazakhstan to increase privatization of state-owned companies

Privatization could stimulate foreign investment and aid in the growth of the Kazakh economy, but not without major challenges. Kazakhstan has announced a wave of privatization to bolster foreign investment in the Central Asian republic. The reforms could be the largest since the end of the Soviet Union. Of the 599 companies included in Kazakhstan’s sovereign […]

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BJP chargesheet

BJP raises doubts over future of big business in India

Ahead of elections in India, a recent position paper by the BJP has provoked worry and consternation by those seeking to do business in this major economy. With the political party likely to build off gains from state elections, the ‘statement of intent’ may indicate the future of business in the country. On April 7, India began its national […]

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