A shift is taking place in the business of global dominance and hegemony, from the model of expressing force through troop presence to financial sanctions. But China and Russia, in concert, may provide a way out of the sanctions regime.
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The crisis in Ukraine has highlighted the role of both Russia and the West in sophisticated hybrid warfare and disinformation campaigns. The aim is to create a multiplicity of narratives, which fragment the understanding of the opponent. The mind battles are on.
Financial intermediaries are critical lubricants for business, growth and development. The Indo-Pacific countries are industrializing, but smaller nations lag behind economically. The Quad countries can aid the advancement of the financial architecture in the Indo-Pacific by helping to develop an ecosystem, modelled on the examples of Japan and India.
The Quad Foreign Ministers’ Meeting, held in Melbourne on February 11, revealed an ambitious plan for economic and developmental affairs, beyond the security concerns posed by China. Despite differing approaches towards Myanmar and Ukraine, the Quad countries are strengthening their cooperation while maintaining strategic autonomy.
The 2022 Beijing Winter Olympics came to a close on 20 February. It was marked by Covid restrictions, athlete dramas, and a united diplomatic boycott by Western democracies citing human rights concerns in Xinjiang, a boycott India later joined for Galwan-related issues. In contrast with the unity presented by China and Russia with summit meetings in the lead up to the Olympics, shifting alliances are now the norm.
The Quad Foreign Ministers' meeting held on February 11 is the latest example of growing geopolitical cooperation. Several loci of power have emerged, indicating the end of the post-Cold War western hegemony. China's rise and alliance with Russia hints at a bipolar tendency in this nascent global multipolarity. India must ensure power distribution in Asia by sharpening its diplomacy to achieve its own interest - true multipolarity in Asia.
Themes of rivalry between China and the U.S., of China's readiness to fill the void left by the U.S. withdrawal in Afghanistan, dominate accounts of recent developments in that country. What does China's inclusion in the power game in Asia, with a geopolitical vision remarkably different from that of the West, mean for the developments in Afghanistan?
On 1 February 2022, Gateway House and the U.S. Embassy, New Delhi, co-hosted a panel discussion on India in the Indo-Pacific: Pursuing Prosperity and Security. The panelists explored the comprehensive role that India can play in the Indo-Pacific from the perspective of business, think tanks, academia and diplomacy.
While international organisations in Afghanistan have made a noticeable impact in the humanitarian field, they have been less successful in the political field, putting into question their overall effectiveness.
Renewable energy is trendy, but still unreliable at this early stage. Countries will find it necessary to fall back on traditional energy sources like coal and oil for their needs, and this can lead to energy price spikes. To protect itself from this scenario, now is the time for energy-dependent India to set up a wealth fund that invests in listed oil companies around the world, to reduce the risk of energy insecurity.