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China-centric global supply chains, the backbone of East Asia’s prosperity, are shifting out as tensions over tariffs and strategic contest between the West and China soars. Ganeshan Wignaraja, Professorial Fellow, Economics and Trade, Gateway House, discusses diversifying supply chains, the China plus one strategy, and the role of India as a supply chain magnet for its South Asian neighbours.
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On June 3, Claudia Sheinbaum made history by becoming the first woman elected President of Mexico. In terms of foreign policy and carving a geopolitical identity, this marks the beginning of a new stage of Mexican integration into the global agenda. It provides another dimension for international stability, including a revitalized Mexican perspective of the Middle East.
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Recent changes in Belgian and EU tax law and regulation have resulted in some Antwerp-based Palanpuri Jain diamond traders shifting base to the newly booming Dubai diamond market. But Antwerp dominates the diamond business for this enterprising community, where 400 families continue to stay and use it as a gateway to the European market for diamonds cut and polished in Surat and Mumbai in India.
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Asian nations like Sri Lanka have seen a rush of Russian and Ukrainian tourists over the last two years. They discover salubrious climes and overstay their visas to start small businesses. It has helped Sri Lanka boost tourism after its 2022 debt default but also created economic problems for locals. It is necessary to identify trade-offs between economic benefits and security threats associated with extended-stay tourism.
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Chinese President Xi Jinping's three-nation tour to France, Serbia and Hungary in early May highlighted China's aim to bolster ties and navigate shifting global power dynamics. The trip's implications are significant for all major powers, including India, which must inject more creativity and energy in building up its strategic partnerships with G7 nations after the elections.
Courtesy: Bayerischer Rundfunk
The North Atlantic Treaty Organisation turns 75 this year. It has exceeded its original mandate of a collective defence for Europe and is expanding rapidly. From restraining the rise of Russia, it is now seeking non-NATO allies in Asia who wish to restrain China. This requires a nimbler, more dynamic alliance. Can NATO respond to the transformation?
Courtesy: Business Standard
In April 2022, Sri Lanka defaulted on its foreign debts kicking off its worst economic downturn in over 70 years. In a paper for the Institute of South Asian Studies, Ganeshan Wignaraja examines key policy, the benefits of IMF support, and the role that Indian aid has played in Sri Lanka’s recovery while emphasising potential risks of its upcoming presidential and parliamentary elections.
Courtesy: Spacewatch.global
China is racing ahead in building powerful emerging technologies for use in space, cyber security, artificial intelligence and quantum computing. The Quad countries still have an edge in these capabilities – but must collaborate in the Indo-Pacific now to maintain their comprehensive national power and global influence to keep China at bay.
Courtesy: Carnegie India
Digital Public Infrastructure (DPI) and digital commons have the potential to accelerate achievement of the sustainable development goals. Both India and the European Union recognise this: India is a pioneer in DPI, while the concept of digital commons is gaining better attention within the EU. The partners must now work towards a joint understanding of the core principles that govern digital resources.
Courtesy: The Hindu
During his visit to New Delhi this week, Australia's navy chief highlighted the need for greater maritime cooperation on security issues in the Indo-Pacific. While India is aware of its growing role in maintaining a free, open and inclusive Indo-Pacific, it must also convey to its partners that on matters of security, it prioritises dangers closer to home in its Indian Ocean neighbourhood.