Courtesy: BBC
U.S. action in Venezuela has resurrected the 200-year-old Monroe Doctrine which sought to prevent foreign interference in the Western Hemisphere. Originally intended to keep European colonial powers away, it has been reinterpreted over the years beyond that. Donald Trump has reasserted and updated it to the “Donroe Doctrine,” to revitalise U.S. regional hegemony – and through it, some reduction of Chinese and Russian influence.
Courtesy: Getty Images
India is strategically expanding its influence across the Indo-Pacific region, positioning itself as a key player in regional affairs. Three elements anchor the effort: development aid, trade and the diaspora. The country now has 20 Free Trade Agreement partners in the Indo-Pacific. The 21.8 million-strong Indian diaspora across the region is a significant source of soft power for India.
Courtesy: Gateway House
Over two centuries, the U.S. has amassed vast economic powers across the globe during and after the two World Wars , and sanctions slowly became an effective tool it used to achieve its foreign policy goals, becoming the global emperor of sanctions.
Courtesy: Revolutionary Communist Group
Venezuela's claim to the Essequibo region of neighbouring Guyana has focused world attention on yet another colonial-era border dispute. With elections coming up, the declining Venezuelan economy laying claim to newly-discovered rich oil and mineral deposits in Guyana has some traction. For Guyana, the claim to its land is non-negotiable as this developing country looks forward to accessing its own wealth. Purvi Patel, Visiting Fellow at Gateway House and Latin America expert, offers her insight.
India is the world's third largest importer of oil after China and the U.S. and a major player providing demand security for oil exporters. The technological changes and geopolitical shifts in the oil economy from the West to the East, highlights India's position as a valuable partner in renewable energy, and oil security and production. The book explores the various elements of India's dependence on imported oil, and how it can turn to an advantage. This excerpt analyses the alternatives to the current West-dominated oil markets and industry that are available to India as a leading consumer.
Courtesy: Shutterstock
India’s oil consumption and imports are likely to resume their upward trajectory as the economy opens up, after a temporary drop due to the pandemic. To secure its energy needs, the country should shift course from investing in oil and gas assets of emerging economies to those of developed nations. The oil-rich Organisation for Economic Co-operation and Development (OECD) countries, such as Canada, Norway, and the U.S. can be given special consideration.
Courtesy: Shutterstock
Retrospective taxes. Asking OPEC to reduce production. Raising oil prices at the pump. India’s perplexing actions on energy seem designed to defeat the Modi government’s declared goals of disinvestment of the public sector and welcoming foreign capital.
Courtesy: Shutterstock
The UN turned 75 this year but instead of grand celebrations, the world witnessed an empty UNGA with world leaders addressing it via video screening because of the pandemic. The UN is under unprecedented stress and being shown up for its inability to tackle the challenges of today like the pandemics, climate change, terrorism or global peace and security. The institution's key governing structures, especially the UN Security Council, are inadequate and demand reform. India must now use gritty resolve to ensure its place in these governing structures.
Courtesy: Foreign Affairs
The U.S.-China relationship, which has wavered between cooperation and competition, has, over the past few years, veered more sharply towards confrontation – possibly because of China’s own more assertive stance. Now, Beijing’s confidence is under test, not only by these fractious relations, but also COVID-19 and an economic slowdown. Will these factors reveal its weaknesses?
Courtesy: Shutterstock
The OPEC’s proposed cut in oil production earlier this week may not enable the energy market to recover. Recovery is likely only after COVID-19 is brought under control, but there are ways India can capitalise on the current low oil prices for its own energy security
.png)
