Imperatives of regulatory diplomacy
Regulations are the new focus of economic statecraft. Their increasing importance is reflected in the negotiations on global financial standards, plurilateral trading rules, and regional economic unions.
Regulations are the new focus of economic statecraft. Their increasing importance is reflected in the negotiations on global financial standards, plurilateral trading rules, and regional economic unions.
India's North Eastern States are part of one of the largest fluvial regions, they share this region with five other nations. At a recent conference, held on the sidelines of the the Nadi Festival in Shillong, the message of 'Listen to the dignity of the river' struck a chord with all present, and is a message which should be carried across the region.
The victory of Donald Trump in becoming the presidential nominee for the Republican Party is a significant moment in American history. However, the cause for common unity in the GOP is associated with a hatred towards Hillary Clinton, not support for Donald Trump. Controversies like the recent WikiLeaks of Democrat Party emails are sure to increase in the road to November, making it a rocky and treacherous one.
In the aftermath of Brexit, the recently concluded NATO Summit highlighted the emerging asymmetry between NATO and the EU on their respective policy positions towards Russia. Has the expansion of NATO and the EU to absorb Eastern Europe, and the consequent large migration flows, been responsible for the visible cracks within the Europe?
China's refusal to accept the ruling of The Hague greatly harms its international reputation and will fuel regional concerns about China's rise. Nationalist sentiments stirred up by a sustained media campaign heighten the risk of a confrontation, but there is also a possibility for the Philippines to use its new leverage to its advantage through new negotiations.
France's state policy of 'laïcité' (secularism) and its military interventions in Islamic countries has made it the prime target of IS in the West. The hardline French response to step up bombing campaigns against jihadis in Syria, Iraq, and Mali will likely continue, but conversely feeds IS strategy, which is to foment anti-Muslim sentiment among the non-Muslim French population.
Indian infrastructure financing has for long suffered from rating concerns, but recent changes to credit enhancement are helping to plug this gap, enabling investment by foreign insurance and pension companies, and stimulating project exports.
‘Make in India’ in defence production does not imply stopping arms imports altogether. Rather, it means importing only those components that cannot be produced locally, while strategically utilising offsets and building domestic capabilities that will enable India to export complete systems and sub-systems as an active participant of the global supply chain.
Prime Minister Modi’s tour of four African countries will seek to build upon recent high-level visits to the continent, providing fresh impetus for the reinforcement of India-Africa relations in matters of diplomacy, business, security, and energy while putting to rest criticism of India’s visibility deficit in Africa. However, the onus to harness this momentum now lies with other stakeholders.
The recent terror attacks in Dhaka, the capital of Bangladesh, turned the spotlight on the country’s increasingly violent and volatile political situation. The interplay of deep political divisions, the rise of radicalised student politics, religious extremism, which the government has failed to rein in, and the spread of trans-national terror networks has created a toxic cocktail in Bangladesh with dangerous implications for India.