Courtesy: Wikipedia
A strategic coming together of the U.S., Japan, Australia, and India was close to fruition some years ago, impelled initially by the tsunami of 2004. The spirit of the enterprise remains alive even now, and there are many merits in India joining the quad, but such an arrangement can skew existing Asian equations, jeopardising the Act East policy
Courtesy: Northernminer
In the wake of trade-based globalisation followed by financial globalisation, a large volume of capital began moving from developing to advanced countries. This has resulted in relatively poor developing countries effectively becoming net creditors to the rest of the world. Reversing this massive outflow of capital requires governments to strengthen governance in all its dimensions and have closer international collaboration to tighten the regulatory oversight of tax havens for greater transparency
Courtesy: India.com
Central banks play a critical role in forging the country’s international economic relations. Now, with the rule-based order being reset and new regimes getting established, they are better positioned to influence the playing field. It is, therefore, critical to strengthen the Reserve Bank of India so it can drive an agenda closer to the interests of emerging countries. This will also be a test of India’s future leadership capabilities
Courtesy: IB Times
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
Courtesy: The Wire
China has launched the One Belt, One Road (OBOR) Initiative in an attempt to rebuild the ancient Silk Road with proposed land and sea routes to promote infrastructure, trade, and investment in the regions that it will thus connect. The challenge will be to attract private financing to support the official and multilateral ones
Courtesy: Wikimedia Commons
Even nearly 70 years after independence, the people of Myanmar are struggling to complete nation-building and resolve the Rohingya issue. Is the million-strong community an ethnic group native to Myanmar or is it of South Asian origin, and, therefore, a part of Bangladesh? Evading the issue may not hasten national reconciliation
Courtesy: Flickr
Prince Salman’s accession to the throne after the death of Saudi King Abdullah on 23 January 2015 has been a game changer, both domestically and in West Asian politics. Within days, he sidelined rivals within the House of Saud, and took on Iran with a confrontational policy. But two years later, the results of his new strategy disappoint
Courtesy: MEA/Flickr
The West Asian monarchies are being forced to ‘look East’ due to a range of factors: the rise of the Islamic State, their need to boost falling oil revenues and doubts about the United States continuing to remain a guarantor of regional stability. Quite coterminously, India is looking towards the Gulf for energy security besides fulfilling other geostrategic goals: this is an ‘East’ and ‘West’ where the ‘twain will meet
Courtesy: MEA flickr
The choice of the Crown Prince of the United Arab Emirates (UAE) to be the chief guest at India’s 2017 Republic Day celebrations is an indication of the enhanced attention that the Indian government is according the Gulf countries. Many trade interests ally India to the UAE, but a deeper engagement is called for even as instability grows in the region
Courtesy: Wikimedia Commons
The first ever summit of the Indian Ocean Rim Association, to be held in Indonesia in March 2017, will cast light on how India and other like-minded nations can develop oceanic resources sustainably. This event offers scope for India to mould outcomes