With candidacies being announced and withdrawn almost daily, the run-up to the US 2012 presidential elections has officially begun. While campaigns are slowly getting into swing, so do speculations about what topics candidates will address. Because of the struggling US economy and unemployment figures still in the double-digits, creating jobs and strengthening the US economy will definitely be among the top issues. 

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Last year Indian officials put new data privacy laws into action that are supposed to protect the data of companies outsourcing to India. Even though the thought has been around for a long time, now that it has finally been realized companies within the country and from outside fear that the new laws might be too strict and hinder the relationship because they are too restrictive.  

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During the beginning of 2010 the trade relationship between China and South America went though some difficulties, based on restrictions by Argentina on Chinese imports. China stopped purchasing Argentinean soy oil at once, which was India’s choice to jump in and triple its own soybean import. 

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During a five-year program which was started by Indian officials to create a stronger bong and connection with Africa about $5.4 billion have been earned in credit. $2.3 billion out of this money were earned last year and have been made available for Africa.

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The BRICS Ministers (Brazil, Russia, India, China and South Africa) of economy and trade, on Wednesday, formed a liaison group in order to amplify cooperation between the member states. This blog entry explains the main purpose of the BRICS union and their potential future impact on the global economy.

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