Tag Archives: neo-colonial world order

G-8’s Economic Dominance Faces Challenge From China, India

July 10 (Bloomberg) — Leaders of developing countries confronted advanced nations with a demand for a greater role in the management of the global economy, signaling the drift in power away from the financially distressed West.

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India Joins Russia, China in Questioning U.S. Dollar Dominance

July 4 (Bloomberg) — Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion foreign-exchange reserves and hold fewer dollars.

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