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The year 2012 has been a busy one for foreign policy: from escalating disputes in the South China Sea to alternate financial instruments from the emerging world. India’s foreign policy too has its shown strengths and weaknesses. We present our top foreign policy Hotspots, Sweet spots and Blind spots for 2012.
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India is tied to West Asia by economic, religious and political threads. The ongoing social and political flux in the region can have adverse consequences for India and requires a serious rethink of its foreign policy priorities. How can India insert itself usefully into this geopolitical cauldron?
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Despite U.S. President Barack Obama’s re-election, a number of issues like the U.S.’s national debt, unemployment and the military withdrawal from Afghanistan need to be addressed. With these multiple national and global imperatives crowding his agenda, will Obama have any time for India?
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As the NATO troops prepare to pull out of Afghanistan in 2014, India is already positioned to take on a larger, pro-active role, which can radically alter the balance of power in South Asia. However, what will determine the future of security in the region, is how India and Afghanistan deal with Pakistan.
Rajat Gupta, former chief of McKinsey & Co., was sentenced to two years in jail for insider trading and a fine of $5 million. Whether that will send a deterrent message to corporate boardrooms, which prosecutors claim, is unclear.
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In a recent speech, U.S. Presidential candidate Mitt Romney criticised incumbent President Barack Obama's foreign policies, and called for U.S. supremacy. However, it seems apparent that Romney wouldn’t usher in a foreign policy revolution if elected.
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All the major economic forces in the world have come together in Africa in a new version of the Great Game. The competition for the continent’s resources will ultimately harm Africa unless Africa uses this opportunity to its advantage and to address its own serious problems.
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Traditionally, the South Pacific islands have been considered strategically insignificant. However, the need for resources, and the geopolitical shift towards Asia-Pacific have prompted nations to realize that these small island states control large resource-rich ocean areas and are increasingly geostrategic.
Courtesy: Foreign Affairs
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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Front running is a form of insider trading, where investment banks use customers' trading information to trade for themselves, ahead of their clients. This practise results in huge losses to the investors, and abates trust in financial markets. How can the Volcker Rule contain this practice on a global scale?