President Barack Obama will travel to India in January to participate in the Indian Republic Day celebration in New Delhi as the chief guest. While there he is expected to talk trade and anti-terrorism with his host Prime Minister Narendra Modi.
The world’s third largest economy faces long-term challenges, including pessimistic forecasts from the Japanese public, the hollowing out of Japan’s working-age population and the nation’s exorbitant public debt.
President Obama’s executive action to protect millions of unauthorized immigrants from deportation is an act that both follows and departs from precedents set by his predecessors.
If and when the new Congress considers implementing legislation for the TPP, that legislative fight might expose the dirty little secret of current American trade politics: both Democrats and Republicans in Congress seem to be out of touch with their own political bases on trade issues.
The restaurant and food service industry is the single biggest employer of near-minimum workers, employing 3.75 million near-minimum workers, about 18% of the total.
The Indian public’s views on trade and foreign investment are more positive than past Indian governments have claimed and more positive than foreigners often assume.
The pervasive conflicts that have gripped the Middle East over recent years have also taken a serious toll on the outlook of people across the region.
People with a net worth of more than $1 million represent just 0.7% of the global population, but they have 41% of the world’s wealth. Meanwhile, those with a net worth of less than $10,000 represent 69% of the population, but just 3% of global wealth.
For Xi Jinping and China’s leaders, the Nov. 5-11 APEC summit should provide a welcome opportunity to showcase China’s economic progress.
