The latest meeting of the leaders of the Pacific Alliance on May 23 in Cali, Colombia, was the best one yet, suggesting that this new economic bloc is an emerging powerhouse in Latin America. The alliance is an effort by Chile, Colombia, Mexico and Peru to link their economies more closely together through trade, finance and labor market integration to build mutual economic competitiveness. It is one of the most dynamic and potentially significant developments in hemispheric trade relations since negotiations to form a Free Trade Area of the Americas (FTAA) broke down in 2003. In the intervening decade, China’s [...]
On June 26, Mongolians will go to the polls to elect their next president, with incumbent Tsakhia Elbegdorj predicted to return to office with a renewed mandate. His principal challenge comes from B. Bat-Erdene, who maintains a strong base of populist support in Mongolia’s rural areas. The third candidate, Natsag Udval, is a staunch supporter of former President Nambar Enkybayar, currently serving a two-and-a-half year jail term on corruption charges. According to Julian Dierkes, a Mongolia expert at the University of British Colombia, Udval is unlikely to gain more than 5 percent of the vote, but her candidacy is noteworthy [...]
This week, Chinese Premier Li Keqiang visited India in his first official overseas trip, vowing to enhance bilateral trade relations and ease tensions in the wake of a recent border dispute between the two countries. In an email interview, Arvind Panagariya, a professor of economics and Indian political economy at Columbia University, explained the recent trajectory of India-China trade relations. WPR: What is the current state of trade relations between India and China, including the value of bilateral trade, balance of trade and major sectors, as well as the priority both sides place on bilateral trade? Arvind Panagariya: Bilateral trade [...]
