Courtesy: New York Times
Three epoch-making events in 2016 are continuing to have global repercussions. They were: Brexit, China’s rubbishing of the July verdict of the Permanent Court of Arbitration after it rejected its claims on disputed islands in the South China Sea, and Trump’s election. This article, the prologue to a book-in-progress, The Hinge Year – Geopolitical Dislocations and Dispersals, outlines how these events intersect with transformed geoeconomic realities
Courtesy: India.com
Central banks play a critical role in forging the country’s international economic relations. Now, with the rule-based order being reset and new regimes getting established, they are better positioned to influence the playing field. It is, therefore, critical to strengthen the Reserve Bank of India so it can drive an agenda closer to the interests of emerging countries. This will also be a test of India’s future leadership capabilities
Courtesy: The Economist
India may be less dependent on the Chinese market than some other countries in the region, but it too wants Chinese investment—and this ambivalence has been evident in India’s varying approach to the AIIB and OBOR. To balance this dilemma in an increasingly complex Asia, India must work with others, in particular with European countries
Courtesy: Gateway House
Prime Minister Narendra Modi's announcement on November 8 to demonetise notes of the denomination of Rs 500 and Rs 1000 has a precedent. This infographic traces some interesting demonetisation initiatives around the world. From discontinuation of high denomination notes due to lack of circulation, to the use of beer and water as 'real assets' in place of hyper-inflated currency.
Courtesy: Gateway House
This paper reviews if and how trusteeship can be a lodestar for globally navigating businesses and public policies through a period of technology-driven disruptions and the uncertainties unleashed by climate change.
Courtesy: Reuters
The long march to implement the long-awaited Good and Services Tax in India has just begun. It is instructive to understand how other countries introduced this tax and cherry-pick lessons from their experiences
Courtesy: x
The GST will not only advance domestic market efficiencies but also add teeth to India’s economic diplomacy by improving the ease of doing business and enhancing competitiveness for exports.
Courtesy: Wikipedia
On June 23, the United Kingdom will vote on whether they wish to remain a part of the European Union through the Brexit vote. The debate surrounding the vote has spurred many a heated and emotional debate. While the Indian government has not declared anything publicly - remaining in the EU would be beneficial to Indian businesses.
Courtesy: BBC
At present, South Africa finds itself charting political and economic policy uncertainties. This is not to suggest that the domestic political crisis will see different trajectories unfolding with regard to its BRICS/IBSA engagements, or on a broader foreign policy path, but it will have repercussions at the international level, in terms of investor confidence, credit ratings, and currency volatility. Pretoria will face constant pressure to be seen as a credible actor, especially when it comes to its African identity.
Courtesy: Wikipedia
Prime Minister Modi’s term has been marked by a resolve to improve cooperation among South Asian nations. These proactive efforts can bear rich fruit if the Modi government promotes the concept of geoeconomic and geopolitical equations being seen through the lens of bioregions. There are significant precedents which the Modi government can build upon