Courtesy: Wikipedia
The New Development Bank initiated by BRICS countries can reform and democratise global economic governance. But to reach this goal, in this critical period when the bank is preparing to operationalise, it must formulate an innovative institutional design. This article outlines four guiding principles for such a structure
Courtesy: Wikimedia commons
China's belligerence in the South China Sea is causing anxiety in India. India needs to strengthen its stance on the situation to maintain preponderance in the region which holds great significance to its trade.
Courtesy: Peter Craven/Wikipedia
A distinguished Chinese scholar, speaking at a BRICS forum in Moscow recently, ascribed the growing India-China trade deficit to India’s ban on iron exports. While this contention is partially true, the data does not validate this argument, and nor does his view account for the other reasons for the deficit
Courtesy: Sameer Patil
A recent visit by Gateway House researchers to various think tanks in Beijing and Shanghai offered a glimpse of China’s efforts to establish a “think tank culture”. The government hopes this will create a research base for policy analysis and project the country’s power globally, but for now the thinks tanks face many challenges, such as intellectual autonomy, language, and using resources optimally
Courtesy: Wikipedia
The Trans-Pacific Partnership might soon be concluded if the U.S. Congress fast-tracks it, as recently announced, while the Regional Comprehensive Economic Partnership Agreement remains on slow-track. But the TPP, although ambitious, follows an outdated template, and it is the dynamic RCEP that can be a model for a new global rules-based framework
Courtesy: Alibaba, Xiaomi, Wechat
Less than two years ago most Indians would struggle to name a Chinese company. Fast forward to the present, Chinese smartphone company Xiaomi is on the tips of everyone’s tongue. Chinese internet giants Alibaba, Tencent and Xiaomi have emerged as investors and major players in India’s fast growing e-commerce and internet space. Their emergence marks a new and exciting area of cooperation and engagement between India and China
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While China will seek India’s cooperation on its ambitious ‘One Belt, One Road’ project during Prime Minister Modi’s visit this week, Indian policy makers must soon articulate a definite stand on this transnational corridor by bridging the country’s security concerns and the benefits of such an engagement with China.
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The idea that Asia can follow the West’s ‘get dirty, get rich, get clean’ strategy grows more absurd with every year. Nor can Asian political leaders say the region can’t afford the cost of environmental progress. It is now clear that India and other countries cannot afford the skyrocketing cost of environmental degradation.
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China's influence and presence in Latin America has grown rapidly in the form of trade and investment. China's growing presence is both a concern for Latin America and the U.S., which creates a window of opportunity for India
Courtesy: Xinhua
With a massive, yet demanding middle class, the Chinese Communist Party needs a reliable source of cheap labor to continue to allow Chinese nationals to enjoy mass-produced daily products. step forward India, mass producer.