"You don't expect the income of the middle class in Africa to be the same as the United States, but it shouldn't be so overstretched that it may lose its meaning, " he adds, noting that the African middle class should define itself not only in relation to the continent but also in relation to international standards of consumption.
Meanwhile, international investors are "distressed by the growing indications that India is not willing to abide by international rules and norms in relation to dispute resolution, " Columbia's Mr. Doering said.
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Some exporters, such as South Korea's Samsung Electronics, are so international that their valuations should anyway bear little relation to their countries of origin.
Seven people have been charged in relation to the operation, including former News International chief executive Rebekah Brooks, Sun chief reporter John Kay and Ministry of Defence employee Bettina Jordan-Barber.
"This was always the starting point in relation to the issue of sanction for the proposed international round, and as such we will be making no comment until after that time, " the spokesman added.
The affinity between finance and international strategy is apparent also the other way around, that is, in relation to financial consequences of strategic moves.
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Its international publishing business showed a loss this quarter as the result of litigation expenses in relation to a contract termination for a Mexican edition of its magazine.
The management and standards committee of News Corporation, the parent company of News International, confirmed it had "terminated the contract of a member of staff in relation to his previous work".
International treaties constitute a major source of international law and are critical to establishing the respective rights and obligations of states in relation to many political, economic, military, environmental and other matters.
On October 27, 2006, by Executive Order 13413, the President declared a national emergency with respect to the situation in or in relation to the Democratic Republic of the Congo and, pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701-1706), ordered related measures blocking the property of certain persons contributing to the conflict in that country.
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