... mention the security risks involved. The new land grain corridor to China, when completed, is going to become a powerful booster for the economic and social development of rural areas in the East of Russia.
All these direct benefits notwithstanding, the China-Russia food cooperation should not be constrained to bilateral trade or cross-border investments only. After all, neither nation faces a prospect of critical food shortages: Russia experienced its last famine in the early 1930s, China—in the early 1960s. Many ...
... the BRICS New Development Bank to start generating loans in a tight money global economy ahead of its schedule. But there are no indications that the BRICS bank, still not fully funded and masking the lingering controversy over being headquartered in China, will open its loan window prior to the middle of next year.
The BRICS food security initiative, meanwhile, is providing job creation for “Sherpa-style” experts and bureaucrats who should be more agile than their American and European counterparts. But it could be decades, if at all, before the organization becomes ...
... low and middle income families who vote to elect a new president in less than eight weeks. By flexing its muscles as a major food exporter Brazil is helping paint the target for Washington to impose the sanctions the Brookings experts have predicted in ... ... afloat. Over time the strategy took the United States from being a balanced budget nation to the world’s biggest debtor. China, which became a major world power with a permanent seat on the United Nations Security Council during this period also became ...
