Courtesy: Reuters
In March, the U.S. announced an extension of Myanmar’s Temporary Protected Status (TPS), in light of the deteriorating situation. TPS provides legal status in the U.S., as an alternative to refugee status, to all nationals of a designated country fleeing instability. TPS shares similarities and key differences with refugee status, which are worth understanding in order to build strong protective legal framework for forcibly displaced communities.
Courtesy: ETF Stream
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.
Courtesy: Gateway House
Mexico has followed Prime Minister Modi’s visit to the U.S.,and sees an opportunity to partner with India. Geopolitically, as a global south country with shared interests in peace, security and sustainable development; regionally, as part of the supply chain and export gateway to the U.S.; strategically as a diplomatic platform with a pragmatic narrative that privileges mutual interests.
Courtesy: Mint
The Russian reaction to the highly successful visit of Prime Minister Narendra Modi to Washington D.C, has been largely balanced. Russians appreciate India’s need for top technology and investments, but also note that Delhi has done so without compromising its strategic autonomy.
Courtesy: Foreign Policy
Prime Minister Narendra Modi's third visit to the U.S., set against the backdrop of a changing world order, will be in a U.S. that is different from the one he visited in 2014, internationally and domestically. While accepting U.S. largesse, India must offer the U.S. things of value too. These include affordable healthcare, digitalisation, multilateral engagement and collaborations with the Global South.
Courtesy: Daily Record
The collapse of Silicon Valley Bank has global strategic implications. Santa Clara County, the home of Silicon Valley is nearly the size of Hong Kong. A meltdown of Silicon Valley would be catastrophic for U.S. leadership in the technology sector, especially when the U.S. and China are engaged in a technology race for supremacy in commercial and military applications.
Courtesy: The Diplomat
The Ukraine crisis transferred global anxiety away from China and onto Russia. But this has not happened in the Indo-Pacific, where the Quad countries have followed a policy of economic disengagement from China, in the backdrop of the COVID pandemic and the regeneration of some economies. How the Quad managed this, is a worthwhile assessment.
Courtesy: Wikimedia Commons
India is currently hosting the Voice of Global South Summit, in which over 120 countries will participate. This is the time, as G20 chair, for India to articulate the concerns of the Global South. To truly represent the South, India must understand the moods and changes in Africa, especially in its external partnerships
Courtesy: Valdai Discussion Club
The reference to India by Russian President Vladimir Putin at the Valdai Discussion Club may be interpreted as encouragement to New Delhi to use its good offices to nudge the warring sides to the negotiating table. Mediation is a big power game, and this may be the right time for India, at the cusp of the G20 Presidency, to start with a record of success
Courtesy: Narendra Modi/Facebook
India will be president of the G20 in 2023. The world’s most influential economic governance body is facing an existential crisis, where the major powers have fallen out. With geopolitical currents redefining geo-economics, India needs to be ready to emerge as the chief global diplomat.