The Great Debate UK

from Pakistan: Now or Never?:

Can China help stabilise Pakistan?

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forbidden cityWhen President Barack Obama suggested in Beijing last month that China and the United States could cooperate on bringing stability to Afghanistan and Pakistan, and indeed to "all of South Asia", much of the attention was diverted to India, where the media saw it as inviting unwarranted Chinese interference in the region.

But what about asking a different question? Can China help stabilise the region?

As I wrote in this analysis, China -- Islamabad's most loyal partner -- is an obvious country for the United States to turn to for help in working out how to deal with Pakistan.

It already has substantial economic stakes in the region, including in the Aynak copper mine in Afghanistan and Gwadar port in Pakistan. Its economy would be the first to gain from any peace settlement which opened up trade routes and improved its access to oil, gas and mineral resources in Central Asia and beyond. It also shares some of Washington's concerns about Islamist militancy, particularly if this were to spread unrest in its Muslim Xinjiang region.

from Global Investing:

What worries the BRICs

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Some fascinating data about the growing power of emerging markets, particularly the BRICs, was on display at the OECD's annual investment conference in Paris this week. Not the least of it came from MIGA, the World Bank's Multilateral Investment Guarantee Agency, which tries to help protect foreign direct investors from various forms of political risk.

MIGA has mainly focused on encouraging investment into developing countries, but a lot of its latest work is about investment from emerging economies.

Where schooling is sabotaged

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Kennji_KIZUKA- Kennji Kizuka was a consultant to the children’s rights division of Human Rights Watch and conducted research for their new report, Sabotaged Schooling: Naxalite Attacks and Police Occupation of Schools in India’s Bihar and Jharkhand States. The opinions expressed are his own. -

Late in the evening of November 29, 2008, a group of guerrilla fighters entered the remote village of Dwarika in the Indian state of Jharkhand and detonated improvised bombs inside the village’s only school. Doors blew apart, desks and chairs splintered, and portions of the classroom walls crumbled. No longer suitable or safe for learning, the school closed.

from Global Investing:

Time to kick Russia out of the BRICs?

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It may end up sounding like a famous ball-point pen maker, but an argument is being made that Goldman Sach's famous marketing device, the BRICs, should really be the BICs. Does Russia really deserve to be a BRIC, asks Anders Åslund, senior fellow at the Peterson Institute for International Economics, in an article for Foreign Policy.

Åslund, who is also co-author with Andrew Kuchins of "The Russian Balance Sheet", reckons the Russia of Putin and Medvedev is just not worthy of inclusion alongside Brazil, India and China  in the list of blue-chip economic powerhouses. He writes:

After 25 years impact of Bhopal leak lingers

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Controversy still surrounds one of the world’s worst industrial accidents 25 years after an estimated 8,000 people died in the immediate aftermath of a toxic gas leak in Bhopal, India.

At around midnight on December 3, 1984, a leak at a Union Carbide plant of methyl isocyanate gas — a chemical compound used to make a pesticide marketed as Sevin – led to about 50,000 people being treated for severe injuries to their eyes, lungs, and kidneys.

from Pakistan: Now or Never?:

India and Pakistan: the missing piece in the Afghan jigsaw

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One year ago, I asked whether then President-elect Barack Obama's plans for Afghanistan still made sense after the Mumbai attacks torpedoed hopes of a regional settlement involving Pakistan and India. The argument, much touted during Obama's election campaign, was that a peace deal with India would convince Pakistan to turn decisively on Islamist militants, thereby bolstering the United States flagging campaign in Afghanistan.

As I wrote at the time, it had always been an ambitious plan to convince India and Pakistan to put behind them 60 years of bitter struggle over Kashmir as part of a regional solution to many complex problems in Afghanistan.  Had the Mumbai attacks pushed it out of reach? And if so, what was the fall-back plan?

from Pakistan: Now or Never?:

Defeating the Taliban in Pakistan’s Tribal Areas

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Brian Clougley is a South Asia defence analyst.  Reuters is not responsible for the content - the views are the author's alone.

When the Taliban insurrection in Pakistan began in earnest, in 2004, the Pakistan army did not have enough troops in North West Frontier Province to combat the growing menace.  It was not possible for the army and the paramilitary Frontier Corps to conduct operations without considerable reinforcement.  In any event, the role of the lightly-armed Frontier Corps has always been more akin to policing than to engaging in conventional military operations. Dealing with inter-tribe skirmishes and cross-border smugglers is very different to combating organised bands of fanatics whose objective is total destruction of the state.

from Breakingviews:

EU looks lonely on climate high ground

icebergNegotiations to save the planet from catastrophic climate change are heading for trouble, five weeks before a crucial U.N. conference in Copenhagen.

The European Union has been at the forefront in pressing for binding, internationally monitored reductions in greenhouse gas emissions, and funding from industrialised countries to help developing nations switch to clean energy.

from Commentaries:

Rethinking carbon diplomacy

Climate change was initially billed in a leading role at the G20 meeting in Pittsburgh. Now it looks set to make the briefest of cameo appearances.

Nonetheless, the gathering offers a crucial chance to recast the talks. The United Nations carbon process is in deep trouble and desperately needs help from the top. If the G20 heads of government want to avoid embarrassment at the Copenhagen Summit, they need to start to steer the talks in a new direction.

from The Great Debate:

Forget Microsoft, Yahoo’s value is overseas

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-- Eric Auchard is a Reuters columnist. The opinions expressed are his own --

eric_auchard_columnist_shot_2009_june_300_px2The fate of Yahoo Inc has become intertwined in the public's imagination with the success or failure of its dealings with Microsoft Corp in recent years.

That's despite the fact that as much as 70 percent of the value investors put on Yahoo's depressed shares are tied up in its international assets or cash holdings -- factors that have nothing to do with Microsoft.

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