Imperatives of regulatory diplomacy
Regulations are the new focus of economic statecraft. Their increasing importance is reflected in the negotiations on global financial standards, plurilateral trading rules, and regional economic unions.
Regulations are the new focus of economic statecraft. Their increasing importance is reflected in the negotiations on global financial standards, plurilateral trading rules, and regional economic unions.
India's North Eastern States are part of one of the largest fluvial regions, they share this region with five other nations. At a recent conference, held on the sidelines of the the Nadi Festival in Shillong, the message of 'Listen to the dignity of the river' struck a chord with all present, and is a message which should be carried across the region.
China's refusal to accept the ruling of The Hague greatly harms its international reputation and will fuel regional concerns about China's rise. Nationalist sentiments stirred up by a sustained media campaign heighten the risk of a confrontation, but there is also a possibility for the Philippines to use its new leverage to its advantage through new negotiations.
India has applied to be a member of the Nuclear Suppliers Group, but its ambition is being thwarted by China. However, developments in renewable energy mean China’s veto will have little impact on India’s clean energy push.
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.
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
Does India plan to remodel its Andaman & Nicobar Islands as a launching pad for future security operations to check growing Chinese inroads in the Indian Ocean Region? Development of the islands has long been ignored to India’s detriment, and their strategic position in the Indian Ocean, underutilised.
Narendra Modi’s landslide victory in India's 2014 general elections, despite his hardline nationalist image, was viewed as a localised phenomenon. But two years later, voters across the world from Europe to Philippines seem to be tilting towards leaders with the same nationalist tag.
In two years, the Modi government’s Act East Policy has gone well beyond the focus on economic ties of its predecessor, the Look East Policy. It has made progress on many wider fronts, including connectivity and defence collaboration. India must now build on this success and further consolidate relations and trade links with ASEAN and beyond
India’s forthcoming membership in the Shanghai Cooperation Organization (SCO) will benefit the SCO, Central Asia, Russia, China, as well as India itself. While India will be able to promote its own security, strategic, trade, economic, and energy interests in Central Asia, the SCO will benefit from India's rapid growing economy and its experience in counter-terrorism.