economic development

The British Council Caribbean has been carrying out a number of programmes in T&T over the last few months. The council's Caribbean Arts manager Annalee Davis said the implementation of these programmes was a part of establishing and continuing cultural relations between the UK and the Caribbean. She said it's about demonstrating that the UK has something to share and something to learn when it comes to the arts, the creative economy and cultural industries.

This week, prime minister Hailemariam Dessalegn had presented a six-month performance assessment report of his government to the House of Peoples Representatives. Foreign relation and diplomacy were among the overarching themes. [...] Efforts were channelled towards helping the country enjoy finance either in a form of loan or aid for trade, investment, tourism. In general, the activities were focused on economic diplomacy.

Considering Africa’s lackluster performance, it is no coincidence that many African countries and global development institutions are now prioritizing a strategy of trade over aid. But what if focusing on trade—such as partnerships with Chinese and American governments and companies—is the wrong way to look at the problem? What if instead, African countries focused on innovation? The opportunities for growth and prosperity would be much brighter.

I have previously made the case that the UN’s Sustainable Development Goals (SDGs) have the potential to provide, for the first time, a framework for mobilizing companies to invest in sustainable development in an ongoing and scalable way, while also pursuing their own business interests. And some companies have taken the lead. 

A surprisingly effective ambassador for brand India, Bollywood – a colloquial term for Hindi cinema – has done more to seal cultural ties and build bridges around the world than international diplomacy ever could. It is not just the sentimental appeal of Hindi films, the adulation for the industry is bolstered by its stars who are hero-worshipped by legions of adoring fans worldwide on- and off-screen. Whatever they touch turns into gold; wherever they go.

Saudi King Salman’s four-day state visit to Malaysia in late February culminated with an investment deal between Malaysia’s Petronas and Saudi Aramco, as well as key bilateral agreements on the cooperation and exchange of expertise in the fields of trade and economy; labour and human resources; science and higher education; and news exchange. The latter agreements underscore a shift from past engagements.

Innovative approaches have transformed foreign policy in recent years. Digital diplomacy is a modern and technological dimension of foreign policy, used as a new soft power tool to advance national interests, project political and economic power. In his address to the nation, President Nursultan Nazarbayev attached particular importance to digitalisation as one of the means “to get ahead of the future and decisively meet the challenges” of today’s changing world. 

South Korea will play a bigger role in Asia's investment in sustainable infrastructure through its experience of economic development and constant investment in basic facilities, a senior official at an international institution said. [...] The AIIB was formally launched on Jan. 16, with 57 founding members including South Korea, in a bid to promote economic growth in the Asian region by supporting infrastructure investment.

Pages