The size of Britain’s military budget is set to be surpassed by India’s in the next few years, a development that would see the United Kingdom spend less on defense than its former colonial subject, a defense analysis firm said Wednesday. HIS Jane’s said that projections show that Britain — once No. 4 in terms of global military spending — had fallen into fifth place behind Russia this year and is due to slip into sixth place behind in India in 2017. “The U.K.’s standing is not a strong as the public perceive it to be,” Ben Moores, an IHS Jane’s analyst, said in a statement.
An undersea gold rush could be coming soon with the rising cost of minerals and advancements in technology opening the seafloor to mining – environmental concerns not withstanding.
The potential for exploiting undersea reserves is higher than any time in history. Incentives for undersea mining are rising metal prices, the high profitability of mining companies, declining yields of land-based nickel, copper and cobalt sulphide deposits (over years of mining), as well as new advancements in the machinery that’s used to extract and process mineral rich rocks from the seabed.
The idea of south-south co-operation evokes a positive image of solidarity between developing countries through the exchange of resources, technology, and knowledge. It’s an attractive proposition, intended to shift the international balance of power and help developing nations break away from aid dependence and achieve true emancipation from former colonial powers. However, the discourse of south-south co-operation has become a cover for human rights violations involving southern governments and companies.
A number of developing nations have sold or leased much of their farmland to foreign investors. The list is led by Liberia, whose arable land is 100 percent under foreign ownership.
The process is known as “land grabbing,” and it is affecting countries in Africa, South America, Asia and Eastern Europe. Around half of the farmland of the Philippines is owned by foreign investors. In Ukraine, American companies have secured over one-third of the country’s farmland. Population growth in countries like India and Brazil is driving up demand for cereal crops, and investments in farmlands offer the chance of solid returns.
‘India can expect rising civil unrest as result of massive land grab by investors for commercial projects’
A new research has blamed Indian government agencies and investors for a growing spate of violent clashes in the nation’s forest and tribal areas.
The research, released on the eve of an international conference on land and forest rights, claimed that a massive transfer of resources from the rural poor to investors is underway in India, inciting resistance and conflicts in virtually all states of the country.
China has emerged as Africa’s main trading partner and a major source of investment for infrastructure. But its presence has also sparked concerns about labour abuses and corruption.
Hu made the lending pledge on Thursday during the opening ceremony of the Forum on China-Africa Cooperation in Beijing.
Hu also said China and African countries, as developing nations, should better coordinate their response to international affairs to counter the practices of “the big bullying the small, the strong domineering over the weak and the rich oppressing the poor”.
Mr Javed Talat, Executive Director of the World Bank on Monday called on the Ghana Government to fashion out mechanisms that would help check the ever-growing population to solve development challenges.
He said Technology was fast moving towards reductions in job creation such that unchecked population growth could become disastrous to developing countries in terms of high rates of unemployment.
Source: Chosun Forty percent of ballistic missiles developing nations have imported since 1987 came from North Korea, VOA reported Thursday. The claim comes in a report titled “The Evolution of North Korea’s Ballistic Missile Market” by Joshua Pollack, a nuclear proliferation expert at the U.S. Science Applications International Corporation, who says, “More than 40 percent […]