Since weak demand is at the heart of the recession, governments need to enact stimulus programs along with structural reforms, argues Menzie Chinn. Structural reforms don’t always work out, writes Karl Smith. Raghuram Rajan demurs.
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Until now, the U.S.-China policy has been driven by a blend of engagement and balancing. The Obama administration’s concentration on ‘engagement’ has done nothing to halt Beijing’s military build-up. The next administration should work towards bolstering the ‘balancing’ half of Washington’s strategic equation.
To leave behind a stable government in Afghanistan in 2014, the U.S. needs to work towards electoral reforms, negotiations with the Taliban, and a regional settlement involving Pakistan.
C. Raja Mohan says Indians watching how the U.S. presidential race shapes up shows a growing appreciation of how political developments within the United States can affect Indian interests. He answered questions on a variety of subjects involving India-U.S. relations in this interview with Bernard Gwertzman.
The Western sanctions imposed on Iran to force it to abandon its nuclear programme have succeeded in bringing Tehran back to the negotiating table, but they are a tactic, not a strategy. Any long-term policy has to aim for a democratic Iran.
Over the past thirty years, the U.S. and Iran have been at odds over Iran's alleged nuclear weapons programme. India too has a large stake with both countries - with the U.S. as a strategic partner and Iran for its oil imports - and resolving this conundrum will require some creative diplomacy.
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.
India and the United States have grown close very quickly over the last decade. Their commitment towards the war on terror, pursuit of joint energy security, and the prevention of the proliferation of nuclear weaponry are some on a long list of common goals.
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?
The execution of Osama Bin Laden has led to a decline in international military presence in Afghanistan, opening the door for developmental agencies and regional actors to play a more active role. Can India take advantage of this critical juncture and work towards achieving peace in Afghanistan?