The 43rd ASEAN Summit, along with the East Asia Summit, stressed ASEAN centrality and unity even as it revealed the grouping’s principal challenge: deepening strategic contestation between the U.S. and China in the region. The latest series of summits was an index to ASEAN’s diplomatic and strategic dilemmas in Southeast Asia and the Indo-Pacific.
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The New Delhi Leaders' Declaration breaks new ground key areas like climate finance, digital public infrastructure, trade, and multilateral reform. While the declaration is backed by unanimous consensus and outlines ambitious and wide-ranging goals, the actual extent of its implementation can only be assessed in the medium term.
The admission of the African Union to the G20 marks the multilateral's first ever expansion. The G20 will now speak for 80% of the world's population. For Africa, this means an opportunity to mainstream its concerns and priorities in global decision-making. Lastly, as the inclusion of AU in G20 took place during India’s presidency, New Delhi can enjoy the fruits of its creative diplomacy as Voice of the Global South.
India’s leadership of the G20 has managed to maintain a balanced stance on the Russia-Ukraine conflict in the grouping while also highlighting the need for greater accommodation of emerging powers within the multilateral framework. This experience positions India on the path to becoming a more equitable global rule-maker, fostering collaborations between the Global South and the G20.
The expansion of BRICS and the military coups in West Africa have brought to the fore long-suppressed intensities and tensions in the world order. Developed and developing words are in a moment of transition, with middle powers like India playing key balancing roles. Amb. Neelam Deo speaks with us on Unfolding Geopolitics, a new podcast series which observes and explains current and emerging geopolitical and foreign policy trends across the world.
India’s presidency of the G20 has put a premium on its role as “the voice of the Global South”, even as it serves as the bridge between the Global South and the Global North. The upcoming Delhi Summit’s success will depend on India’s ability to balance diverse interests while broadening the areas of convergence and narrowing those of disagreement within the grouping.
The U.S. dollar’s position as the world’s dominant currency has come under pressure as countries and central banks explore alternative currencies and diversify their reserve compositions. While the U.S. continues to dominate global financial markets and the dollar is unlikely to be unseated anytime soon, the challenge to the dollar-dominated uniform currency system has begun.
The decision to invite six countries — Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE — to join BRICS as full members has opened the grouping to a new geopolitical era. India can now play a seminal but challenging role in this evolved dynamic, given its growing cooperation with the West on the one hand and its active pursuit of the interests of the Global South on the other.
Digital services trade is a fundamental and growing element of our shared economic future. But policy makers are disrupting cross-border ecosystems by adopting divergent governance approaches. To realise the full potential of an inclusive digital market, it is vital that we embrace new means of regulatory cooperation on cornerstone technologies.
The G20 today is undoubtedly the most significant grouping of major world economies, and one which can make a significant impact on world affairs. This is particularly true, as the role of the United Nations is seen to be declining, Read more