Free Trade Agreements (FTA)
FTAs are actually investor rights agreements, rather than free trade agreements. Investors pumping hundreds of millions of dollars into a foreign country want a guarantee that their investments will be protected by the government. As to freeing up trade, tariffs between major trading nations are already very low or non-existent....
Indian banking sector is opening up?
I quote a Bloomberg news report of 8 December 2020 that the unprescedented takeover of a private Indian bank (Lakshmi Vilas Bank/ LVB) by a foreign competitor (DBS India) signals that the Indian banking sector is opening up- Nirmala Sitharaman. ( Indian Finance Minister). I disagree with that opinion. Let us be absolutely clear....
Hope from the battle of Grandpas
One of the key issues that was used against US President-Elect, Joe Biden is the fact that he’s old. As at the time of writing, Mr. Biden is 78-years old and when he’s inaugurated on 20 January 2020, Mr. Biden will be a good nine years older than the previous record holder for oldest man to take office, Ronald Regan, who...
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