Decoupling from China
Amit Bhandari, Fellow, Energy & Environment, Gateway House was in conversation with Blaise Fernandes, Director, Gateway House. This discussion was moderated by Manjeet Kripalani, Executive Director, Gateway House.
Amit Bhandari, Fellow, Energy & Environment, Gateway House was in conversation with Blaise Fernandes, Director, Gateway House. This discussion was moderated by Manjeet Kripalani, Executive Director, Gateway House.
The shifting trends in trade, especially given the growth in communications capacity and reduced cost of computing have altered traditional economic development. India and Canada have a shared commercial interest in E-trade. Both countries need to align their resources to frame trade rules of the new digital economy, to mutual benefit.
The shift in the global trend from trade in goods to trade in services, especially digital services has focused attention on the necessity of a modern and robust regulatory framework for it. The bilateral steps by India and Canada outlined in this paper can feed into current efforts by multilateral institutions to develop a universal framework for capturing services trade data.
China’s dramatic political and economic rise over the past three decades has been well recorded. Less known is the effort of China's rural labourers and migrants, which has largely enriched the coastal elites, instead of creating the egalitarian, capitalist, society China espouses. Dexter Roberts’ book takes us deep into the story of China’s rise, and exposes this reality. Roberts chronicles the lives of the many rural folk he has met during two decades of work and travels in China. It gives the book a personal and compassionate note, with the authenticity of a hands-on China expert.
In July 2020, Germany takes over as President of the European Union. It’s a fraught time to lead the union which has been slow to react to COVID-19 and needs a new direction. With the pandemic, the U.S.- China stand-off, and a global economic crisis – Chancellor, Angela Merkel has her work cut out.
Globalisation has resulted in the interdependence of nations through the largely unimpeded transmission of investment capital and information, and integrated business operations. The leading beneficiaries have been the global 1%, and China. While it is too late and not possible to roll back an interconnected world order, globalization as we know it will recede, as will China’s standing in the world.
The G20 will prove vital in maintaining economic balance in the post-COVID world. The strains are many, but like the financial crisis of 2008, this could be a defining moment for its members to exercise delicate diplomacy to combat the challenges of COVID-19.
Blaise Fernandes, Director, Gateway House was in discussion with Dexter Roberts, Non resident Senior Fellow, Asia Security Initiative, Atlantic Council and author of ‘The Myth of Chinese Capitalism,’ Lauri Rechardt, Chief Legal Officer, IFPI and B.K. Syngal, Sr Principal, Dua Consulting and Former Chairman and Managing Director, VSNL.
Japan has determined $ 2.2 billion for rehabilitation of industries exiting China. Prime Minister Modi’s new stimulus package, close to 10% of GDP, could be the impetus Japan needs to refocus FDI to India
The government’s short-term approach to tax planning brings in immediate revenues but has the long-term downfall of driving away business, and encouraging tax evasion. No country has taxed its way to prosperity and India is no exception.