International Organizations

  • Global governance institutions have many challenges in Asia.

    The UN, World Bank and IMF Turn 70 and a Top Focus for All Three is Asia

    Seventy years ago, the global governance institutions of the United Nations, World Bank, and IMF were created. They have certainly contributed to peace and enabling global economic and financial growth. However, the global environment has undergone an immense evolution since then. Structurally, the world has witnessed a tectonic shift in power distribution, from a bipolar to unipolar and possibly multipolar arrangement. While rising powers are reluctant to lead unless this serves their national interests, declining powers are losing the capacity they once had.

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  • Is China setting up the AIIB to rival or complement the World Bank?

    The AIIB and World Bank: Rivals or Complements

    After a late flurry of additions to the founding membership of the Asian Infrastructure Investment Bank (AIIB), attention now turns to setting the China-led AIIB’s rules and regulations. Important questions remain — most importantly, whether the AIIB is a potential rival or a welcome complement to existing multilateral financial institutions like the World Bank.

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  • Is the surface of the TPP just a facade?

    How the TPP Could Divide, More than Unite, the Region

    Despite obstacles, the White House continues to push preferential trade deals in Asia and Europe.  However, neither can reverse the erosion of U.S. innovation and in Asia Pacific, the proposed pact is more likely to divide than unify the region.

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  • Hopefully, removing Sepp Blatter won't make room for another Sepp Blatter.

    Why Sepp Blatter Fell on His Sword

    The president of FIFA appeared impregnable for the past 17 years, but the pressure from media, the sponsors and US investigators became irresistible.

    Until his surprise resignation provided another dramatic twist in this week’s FIFA revelations, Sepp Blatter seemed impregnable at the head of FIFA. For over a decade, accusations of corruption swirled around football’s international governing body, but Blatter stayed serenely in his post.

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  • Corruption catches up with FIFA, but will anything change?

    FIFA Arrests Put Spotlight on Football Corruption

    Arrests of the leaders of the international football federation FIFA on corruption charges happened in Zurich, Switzerland.

    The police arrested seven FIFA officials though 14, both in and out of the group, are facing charges of high-level corruption. The arrests came from the U.S. Department of Justice, who alleged the group’s leaders were involved in a racketeering, wire fraud, and money laundering conspiracy.

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  • The ASEAN December 15 is looming with goals that most likely won't be met.

    Viewing the AEC as a Work in Progress will not Help it Achieve its Goals

    As the ASEAN Economic Community’s (AEC) December 2015 deadline approaches, most observers feel that the initiative’s deliverables — an integrated production space with free movement of goods, services, and skilled labour — are unachievable.  This may be true. However, the AEC is a work in progress. Simply, it will miss its deadline is to ignore other crucial facts about the AEC’s role and circumstances.

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  • China's seat at the AIIB table will be the biggest.

    AIIB 101: Yes its International, but Mostly its China

    The 57 founding members of the China-sponsored Asian Investment Bank will meet on May 20 in Singapore.   Many countries rushed to join the new development bank before the March 31 deadline even though key rules remained undecided.  Even the size of the new institution had not it officially set.

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  • Can Greece become another member of the BRICS's NDB?

    BRICS New Development Bank - does it have what it takes?

    The newly established BRICS New Development Bank (NDB) is going to be headed by Indian banker KV Kamath. The bank is headquartered in Shanghai and is an attempt to bring together emerging economies of Brazil, Russia, India, China and South Africa. Initially the governor of Indian central bank better known as the Reserve Bank of India, Mr. Raghuram Rajan, was in talks to head NDB. After he showed little interest, the role went to KV Kamath who will be taking over the new opportunity in the next ten days. The NDB holds its first meeting in Russia in July this year.

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