A new, consensual world order
The era of globalisation is drawing to a close and a new one is emerging—an era of bilateralism over globalisation, of domestic over foreign focus, and reality-based policy-making
The era of globalisation is drawing to a close and a new one is emerging—an era of bilateralism over globalisation, of domestic over foreign focus, and reality-based policy-making
The global monetary and financial system is lopsided and designed to favour rich countries; an alternative economic and political doctrine, which takes into account the needs of emerging economies like India, must now be articulated to end this one-sided architecture
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.
Perhaps South Block did not gain as much as it had hoped to: there was a gulf in member states’ perceptions. One takeaway, therefore, for policy makers was that while noise has its uses, it is now time for some quiet diplomacy
This infographic seeks to trace the evolution of BRICS from O’Neill’s original vision to its current form, while illustrating how intra-BRICS trade has evolved over the past 15 years.
The recent inauguration of the New Development Bank in Shanghai has made that city a focal point of international financial transactions between the five BRICS countries. This occasions revisiting some of the ways in which Bombay has been historically linked to it
The recent BRICS summit and BIMSTEC outreach highlighted some laudable maritime endeavours linking geographically distant, emerging economies within the grouping. The BIMSTEC platform is also crucial to India's efforts to create a peaceful Bay of Bengal community through economic and cultural linkages.
The 8th BRICS summit in Goa comes in the midst of major geopolitical events; Brexit, the U.S. elections, the South China Sea dispute, and the terror attacks in Uri. There is much need for BRICS to demonstrate to the world, its capability to manage internal differences and showcase a collective sense of cooperation
The 11th India Trilateral Forum, a meeting series between India, Europe and the U.S., reflects a more confident India from whom expectations – especially to counter China – are high. This will require a realistic re-labelling of India by the Western powers.
The attempted coup on July 15 in Turkey as well as its aftermath have irreparably dented President Erdogan’s international image and impacted Turkey's standing as a democratic state, a military power, a NATO member, an EU aspirant, and an emerging economy. This downtrend is unlikely to be reversed in the near future and the country is in for an extended period of instability