World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Hostility From U.S. as China Lures Allies to New Bank
Keywords:
Experts in the U.S. say the U.S. made a mistake in not supporting the idea of a new financial institution to meet the urgent needs of development and infrastructure financing of Asia's developing countries. India, Australia, S. Korea, Britain, Germany, France and Italy are joining as founding members in 2015. China has offered leadership in providing resources for the new bank. Jane Perlez says China is looking for the best talent worldwide to help write the charter for the bank and to run it. It is a project pushed forward by China's president Jinping, and was discussed at the 2013 G-20 meeeting in Moscow as a critical part of the agenda. Laurence Brahm, who supported Chinese premier Zhu Rongji in 2001 for entry into the WTO, says it is natural for China to look for ways to use its extra capacity in steel, concrete and pipes to build projects in other parts of Asia, which would mutually benefit China and the region. Paul Haenle of the Carnegie-Tsinghua Center in Beijing, says the U.S. lack of support is shortsighted, as the existing U.S. sponsored institutions World Bank and the Asian Development Bank are sorely lacking the resources to deal with the huge infrastructure challenges in Asia. China's Finance Ministry is looking for the best talent worldwide to write the charter and run the bank. Natalie Lichtenstein, a lawyer with 30 years experience working at the World Bank will write the bank's founding charter.
China, Britain, Australia, India, Germany, France and Italy as founding members in 2015 of the Asian Infrastructure Investment Bank
03/19/2015
There is great need for financing nfrastructure development in developing Asian countries. China is leading the way for financing with support of a new institution- Asian Infrastructure Investment Bank. Britain and other European countries have decided to become founding members in 2015.
Grouped Articles
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
South Korea Plans to Join Regional Development Bank Led by China
New York Times 03/26/2015
Stampede to Join China’s Development Bank Stuns Even Its Founder
New York Times 04/02/2015
The Asian Infrastructure Investment Bank: The infrastructure gap
Economist 04/05/2015
Obama Presses Case for Asia Trade Deal, Warns Failure Would Benefit China
Wall Street Journal 04/27/2015
India’s Debt Pileup Complicates Growth Plans
Wall Street Journal 05/05/2015
The need for investment in infrastructure, education for raising level of worker skills, and wage subsidies for those left behind, in the world economy of 2014-2030
10/06/2014
This research in the Economist on the world economy shows the effects of technology are benefitting fewer people, leaving less skilled workers poorer than before, and creating large income gaps, more inequality. How to address these problems are a challenge for just and effective governance. Technology even at Hon Hai in China is shifting work to robots, and the question is how the millions of people in India can find jobs when technology can enable manufacturing with fewer people.
Grouped Articles
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
Countering Tech’s Damaging Effect on Jobs
Wall Street Journal 10/15/2014
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
Bad Stock-Market Timing Fueled Wealth Disparity
Wall Street Journal 10/27/2014
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
Economic-Ladder Concerns Trump Income Gap in Poll
Wall Street Journal 05/05/2015
The Modi administration's budget for India in 2015 aims for 7.4% growth- allowing a fiscal deficit at 3.9% and increased spending on infrastructure
02/28/2015
The $288 billion budget aims to increase infrastructure spending to achieve a growth rate of 7.4%. A 2% tax on the superrich and rigorous penalties of 10 years imprisonment for tax evasion by sending money overseas are efforts to improve tax revenues in a country where it is estimated only 35 million Indians pay taxes. The lower oil prices help reduce pressures from fiscal deficits, and the decision was taken to let the fiscal deficit increase to 3.9% in the interests of growth.
Grouped Articles
India’s New Budget Aims to Boost Growth
New York Times 02/28/2015
Iran’s Nuclear Deal Could Open Oil Flood
Wall Street Journal 03/17/2015
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
India’s Debt Pileup Complicates Growth Plans
Wall Street Journal 05/05/2015
Oil-Thirsty China a Winner in Iran Deal
Wall Street Journal 07/15/2015
In a Victory for Modi, India Overhauls Its Tangled Tax System
The New York Times 08/03/2016
Infrastructure spending needs in India
08/03/2006
Grouped Articles
IDFC Chief Says Power is 'the Next Telecom'
Wall Street Journal 02/21/2010
India Inc. Key to Infrastructure Push
Wall Street Journal 04/12/2010
Red Tape Snarls Projects in India
New York Times 01/14/2014
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
India’s Debt Pileup Complicates Growth Plans
Wall Street Journal 05/05/2015
Economist 08/03/2006
Bangalore, India, and infrastructure challenges 2010-2015
10/26/2012
Problems of infrastructure (roads and electricity) and garbage landfills in India's software city. Executive chairman Gopalakrishnan of Infosys, says the idea of building islands or business campuses to fill up the country- because of the failures of government and ifrastructure development- cannot work.
Grouped Articles
âAn Uncertain Glory,â by Jean Drèze and Amartya Sen
New York Times 09/06/2013
Red Tape Snarls Projects in India
New York Times 01/14/2014
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
India’s Debt Pileup Complicates Growth Plans
Wall Street Journal 05/05/2015
India's Plague, Trash, Drowns Bangalore, Its Garden City
New York Times 10/26/2012
Hot Topic in Moscow Talks: How to Fund Infrastructure
Wall Street Journal 02/14/2013
Japan gears up to meet infrastructure needs in Asia
02/21/2010
India needs new infrastructure to remove bottlenecks for development. India plans to invest 1 trillion dollars in 2012-2017 for new infrastructure. Japanese companies are planning to focus on meeting these infrastructure needs.
Grouped Articles
Japan Seeks Deal to Sell Reactors to India
Wall Street Journal 05/29/2013
IDFC Chief Says Power is 'the Next Telecom'
Wall Street Journal 02/21/2010
India Inc. Key to Infrastructure Push
Wall Street Journal 04/12/2010
Red Tape Snarls Projects in India
New York Times 01/14/2014
Modi Embraces Abe; Still Holds China Close
Wall Street Journal 09/10/2014
India's Modi Visits Japan to Deepen Defense and Commercial Ties
Wall Street Journal 09/10/2014
Infrastructure Development Finance, India's largest infrastructure financing company
02/21/2010
Grouped Articles
IDFC Chief Says Power is 'the Next Telecom'
Wall Street Journal 02/21/2010
India Inc. Key to Infrastructure Push
Wall Street Journal 04/12/2010
Red Tape Snarls Projects in India
New York Times 01/14/2014
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
India’s Debt Pileup Complicates Growth Plans
Wall Street Journal 05/05/2015
‘India has to spend ₹50 lakh cr on infra’
The Hindu 10/26/2017
China's Asian Infrastructure Investment Bank (AIIB)
10/24/2014
Grouped Articles
China Signs Deal With 20 Other Nations to Establish International Development Bank
New York Times 10/24/2014
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
Stampede to Join China’s Development Bank Stuns Even Its Founder
New York Times 04/02/2015
The Asian Infrastructure Investment Bank: The infrastructure gap
Economist 04/05/2015
New China-Led Bank Pledges to Fend Off Graft
New York Times 04/11/2015
Obama Presses Case for Asia Trade Deal, Warns Failure Would Benefit China
Wall Street Journal 04/27/2015
Will India lose its demographic dividend as growth slows down?
02/21/2010
The large increase in working age population offers India an opportunity to increase economc growth as large numbers of jobs are expected to migrate from China to lower wage counries. The Economist says the risks are growing as India's growth slows because of a shortage of capital for investments in infrastructure and development, failure of policies to promote growth, and weak governance.
Grouped Articles
Angry young Indians: What a waste
Economist 05/16/2013
India’s demographic challenge: Wasting time
Economist 05/16/2013
Anti-corruption protests in India: No modern-day Mahatma
Economist 08/27/2011
India and China Play Down Border Tensions
Wall Street Journal 05/21/2013
Economist 06/27/2013
Washington Post 10/18/2011
Private investment for infrastructure in India
04/12/2010
Grouped Articles
India Inc. Key to Infrastructure Push
Wall Street Journal 04/12/2010
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
India’s Debt Pileup Complicates Growth Plans
Wall Street Journal 05/05/2015
‘India has to spend ₹50 lakh cr on infra’
The Hindu 10/26/2017
The Japan-India Economic Partnership
08/21/2007
A turning point for Japanese foreign investment in India occurs with PM Abe's visit in August 2007. Abe led a delegation that includes CEO's of some of Japan's biggest companies, such as Toyota, Hitachi and Canon. A focus on India's infrastructure needs.
Grouped Articles
Japan Seeks Deal to Sell Reactors to India
Wall Street Journal 05/29/2013
India Inc. Key to Infrastructure Push
Wall Street Journal 04/12/2010
How Emerging Markets Can Get Their Mojo Back
Wall Street Journal 09/12/2013
Japan’s Foreign Minister Says Apologies to Wartime Victims Will Be Upheld
New York Times 04/08/2014
Competing Visions for Russia’s Economic Future
New York Times 05/22/2014
Modi Embraces Abe; Still Holds China Close
Wall Street Journal 09/10/2014
India's lack of skilled workers and tradepeople for building infrastructure.
01/06/2011
India has an acute shortage of skilled tradespeople, electricians, carpenters, and people in other trades, to build infrastructure.
Grouped Articles
Red Tape Snarls Projects in India
New York Times 01/14/2014
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
India’s Debt Pileup Complicates Growth Plans
Wall Street Journal 05/05/2015
Where Are India's Skilled Workers?
BusinessWeek 01/06/2011
Tattered Infrastructure Adds to India's Inflation Risks
Wall Street Journal 03/17/2011
In India, Doubts Gather Over Rising Giant's Course
Wall Street Journal 03/30/2011
Infrastructure needs in India, Indonesia, East Asia and the need for innovative financing methods 2013-2015
02/21/2010
This is high on the agenda at the G-20 meeting in Moscow in Feb 2013. India which has an estimated $191 billion in infrastructure needs annually, according to the World Bank, is pushing for this. Lower than potential growth in India of around 5% for the fiscal year ending in 2013 is a problem for the global economy, as this hurts both developed country exports and holds up growth by not freeing up bottlenecks in transportation and electricity infrastructure.
Grouped Articles
World Bank, in a changed economy, pushes focus to building a middle class - The Washington Post
Washington Post 04/18/2013
Angry young Indians: What a waste
Economist 05/16/2013
Untested Jakarta Governor Attracts a National Following
Wall Street Journal 05/16/2013
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Economist 06/27/2013
Abe Win Is Good for the Neighbors
Wall Street Journal 07/22/2013
India's Modi administration's first Budget in 2014- the difficult task of increasing spending on infrastructure without increasing the deficit
07/08/2014
Grouped Articles
Investors Budgeting for India Blockbuster
Wall Street Journal 07/08/2014
India Unveils Budget to Lift Economic Growth
New York Times 07/10/2014
Narendra Modi’s Quiet Beginning Dims India’s Hopes for Swift Change
New York Times 08/12/2014
Modi Embraces Abe; Still Holds China Close
Wall Street Journal 09/10/2014
India's Modi Visits Japan to Deepen Defense and Commercial Ties
Wall Street Journal 09/10/2014
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
The Trans Pacific Trade Partnership (TPP) and the Asian Infrastructure Investment Bank (AIIB)- competing for influence in Asia
03/19/2015
Linked Articles
TPP: Momentum on Trade Deal Bolsters U.S., Japan Efforts to Counter China
Wall Street Journal 04/17/2015
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
Funding infrastructure needs in Asia and the new Asian Infrastructure Investment Bank
02/14/2013
Led by China, and with founding members India, S. Korea, Britain, Australia, France, Germany and Italy, the Asian Infrastructure Investment Bank is intended to provide much needed financing for infrastructure in Asia. Huge bottlenecks for development exist in Asia's developing countries, including India, Indonesia, Pakistan, Bangladesh, Vietnam, Philippines, which can only be tackled through innovative methods of financing. China which has moved ahead in infrastructure development is providing the leadership for this bank. Experts say Europe is right to join, and the U.S. should have supported the idea at the early stage.
Linked Articles
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
Hot Topic in Moscow Talks: How to Fund Infrastructure
Wall Street Journal 02/14/2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us