The smog crisis common to both India and Pakistan could provide an opportunity for collaborative climate action. It has the potential to reduce tension between the two countries.
Threats to the sustainable supply and security of our natural resources are contributing to rising levels of instability and growing social and economic inequality.
At WEF 2024, the five-day conference in Davos mainly focussed on how friendship rather than ‘efficient partnerships’ is driving trade and investment globally.
While expectations for high inflation are diminishing globally, the persistently high rates are testing economic resilience and impacting borrowers and global markets.
Chief Economists Outlook report explores impact of global uncertainty on economy, growth patterns & AI impact on businesses & financial markets. Moderate growth for China, predict 69%
World Economic Forum's ‘Global Cybersecurity Outlook 2024’ also notes that globally cyber inequity has increased dramatically & 90% executives have issued a warning that immediate action is required.
The WEF’s annual Global Risks Report also warns against risks posed by climate change, economic uncertainty and inflation, talks of increasing sense of polarisation in the world.
After exuberance, India must now not only take difficult and costly steps toward industrialisation, but also convert growth into geo-economic leverage and military modernisation.
WEF report flags growing erosion of multilateralism, long considered stabilising force. 'Declining trust, heightened protectionism are threatening trade, investment.'
Pakistan lacks capacity to deliver aircraft at pace suggested by its claimed contracts as it depends on China for avionics, electronic warfare, weapons, and on Russia for engines.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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