With increasing debt and recession in the West, it seems no longer fitting for the rest of the world to follow traditional Western financial models. India’s long experience of capital markets, with its conservative and ‘inclusive’ financial regulatory system, on the other hand, makes for a compelling case study.
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Is China poised to take over from the United States as the world’s leading economy? Yes, judging by its GDP, trade flows, and ability to act as a creditor to the rest of the world. In fact, China’s economic dominance will be far greater and come about far sooner than most observers realize.
In a reversal of historical roles, the BRICS nations may be coming to Europe’s rescue. During the Asian Financial Crisis, the International Monetary Fund (IMF) introduced structural adjustments in return for IMF loans, and many institutions and individuals went bankrupt. Will it be any different now?
A decade after 9/11, the U.S. has prevented further terrorist attacks - a major achievement. But with a $1.3 trillion budget deficit, a debt downgrade, and 24 million Americans searching for jobs, the U.S. needs to attend to matters at home rather than intervening in the world's affairs.
The turbulent waters of the South China Sea may soon see a major addition: an aircraft carrier, from China. The carrier - already seventy percent complete - is sure to change the equation and further Beijing's Four Modernisations programme.
As India's engagement with countries in China's periphery increases, fora like the Shanghai Cooperation Organisation, spear-headed by China, have also cropped up. Gateway House's Madhura Joshi speaks to former Ambassador Vinod C. Khanna, to understand the Indo-Chinese paradigm and examine current policies.
A clash of ideologues in China’s ruling Communist Party of China is emerging, though many remain unwavering in their loyalty to the Party. What does this mean for India? A tougher, non-compromising stance by Beijing on issues perceived as affecting Chinese sovereignty and territorial issues.
Sreeram Chaulia, Vice Dean of the Jindal School of International Affairs, talks to Gateway House’s Samyukta Lakshman about his new book titled, "International Organisations and Civilian Protection".
Henry Kissinger's new book argues that the United States should yield gracefully to China's rise; Aaron Friedberg's gives the opposite advice. By focusing on intentions instead of capabilities, both books overstate China's actual power.
On May 1998, as India declared itself as a nuclear weapons state, it also committed its nuclear program to the No First Use of nuclear weapons policy. Consequently, the policy has been viewed as a democratic option, but what does this say about India?