Word: eurasia
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...Aviv and Washington dial up the heat. In his election campaign, the Iranian President trumpeted his ability to make Iran a leading global power, and he urged those assembled in Yekaterinburg to pursue more coordinated action and policy, like the formation of a joint regional bank in Eurasia. "Taking collective decisions on politics, economics and culture," Ahmadinejad opined, "will facilitate stabilization of the situation in all the countries." (See what Ahmadinejad's win means for other world leaders...
...delayed action on those ideas. So far the only evidence of the shift is in consultant surveys like Ferreira's. In Beijing, though, the downturn has brought its own attitude adjustment. "The Chinese response is 'We are too coupled to the American economy,'" says Ian Bremmer, president of the Eurasia Group, a political-risk consulting firm. That has led to more domestic spending by the government and attempts to boost Chinese consumers' spending. True, neither is necessarily bad news for foreign firms. It has, however, also meant an increasing reluctance to let U.S. companies call the shots in China...
...will "accelerate and deepen" the changes he started when he took office in January 2007, he said. More important, for business interests, the string of wins at the polls gives Correa no reason to shift to a more radical socialist position, says Latin America analyst Patrick Esteruelas at Eurasia Group in New York City. Instead, says Esteruelas, "Correa will enjoy greater flexibility to make some macroeconomic-policy adjustments to buttress liquidity and prevent a banking and currency crisis." The pragmatic Correa probably knows that such a confrontation could cost him the presidency...
...scheduled to meet Chinese president Hu Jiantao for the first time. In the run-up to that crucial meeting China's buying spree is aimed at soothing Western anger about the country's economic policies. "This is a smart diplomatic move," says Damien Ma, China analyst at the Eurasia Group in Washington. "China is seen as whittling down its trade surpluses." (See pictures of the global financial crisis...
...days. Yet with billions of dollars of illegal drug revenues in the impoverished country some political analysts predict that instability will continue. "Rivalries over control of narcotics trafficking may be at the heart of the schism between military and the presidency," said Jonas Horner, Africa Associate of the Eurasia Group in Washington in a statement yesterday...