Courtesy: ESO/WikimediaCommons
The newly-formed Pacific Alliance bloc seems more like a political club to counterbalance the Atlantic-facing, Brazil-led Mercosur group. However, the bloc accounts for 30% of India’s trade with Latin America. Can India engage the group so it is not left out from their Asia focus?
Courtesy: IAEA Imagebank/Flickr
Ahead of nuclear talks between Iran and the P5+1 in Moscow, the West seems confident that sanctions will induce Iran to settle on its uranium enrichment. But rather than arriving at a negotiated settlement by applying the principle of reciprocity, the West may look to anaesthetize oil markets.
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Banks around the globe would be wise to take a second look at what now could be the most significant agreement in international finance since the Euro: the BRICS currency swap. Though certain geopolitical risks are involved, could this free India from unpredictable currency fluctuations?
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The failure of Western military interventions to bring peace raises questions about the effectiveness of human rights and calls for its redefinition. Instead of stigmatizing non-Western democracies that do not necessarily support intervention, the West should initiate an inclusive dialogue with these countries.
Momentous developments are taking place in Europe. In elections in Greece, France and Germany, Europeans expressed dissent against austerity policies adopted by their government to combat the economic crisis in Europe. How will these results affect the future of European policy-making?
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Pakistan’s refusal to re-open NATO supply routes into Afghanistan has made the country an instant pariah in the U.S. at the NATO Summit. The communiqué released confirms a withdrawal of 130,000 troops by as early as mid-2013. Can the remaining soldiers help maintain peace when a force much larger could not?
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As India and the world welcome the recent democratization of Myanmar, this presents India an opportunity to increase its access to South East Asian countries as well, especially with members of ASEAN which still have catching up to do – particularly Cambodia, Laos, Myanmar and Vietnam.
As India’s growth slows, it becomes increasingly important to enact reforms so it can return to its intended growth rate of 9%. Gateway House’s Hari Seshasayee interviews Anoop Singh, Director of Asia and Pacific at the IMF, to discuss the impact of the Euro zone crisis on India and the way forward for Asia.
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The West is quick to claim that their sanctions against Myanmar have forced the government to implement political and economic reforms in the country. However, such bans do not usually achieve their stated purpose of forcing regimes to change their behavior.
Courtesy: U.S. Department of Defense
An important take-away from the preliminary pact reached by Kabul and Washington is that unlike the 1990s, the Americans are not just packing their bags and leaving. This is good news in terms of regional stability, and the upcoming NATO summit may answer some questions this draft agreement raises.
