As the slowdown in the world’s major industrial economies drags on, growth in developing Asia is being affected. A serious burden will likely be placed on the region’s major economies, particularly its two giants, India and China. Both countries’ external sectors have clearly been hit hard, while domestic consumption is stagnating. Fixed-asset investment in India […]
…There is a need for US President Barack Obama to come up with a genuine initiative in his second term to move the Middle East peace process towards that lofty goal of a two-state solution. That failure, along with the ad hoc handling of the forces of change in the republics of the Arab Spring, […]
Only a month is left for the scheduled dissolution of Pakistan’s National Assembly and, as per the law, elections have to be held within two months thereafter. In any other country, political parties would be in the throes of preparing for the electoral battle ahead. Not so in Pakistan. Here, everyone, politicians included, are plucking […]
On India’s Navy Day in December, Indian Chief of Naval Staff D.K. Joshi declared that the Indian navy was prepared to operate in the South China Sea if called upon to do so. The government subsequently downplayed Joshi’s remarks, but the fact remains that the South China Sea has emerged as a vital sea corridor for India, […]
When China’s Lieutenant-General Ren Haiquan took the podium in front of an audience filled with representatives from various Asian militaries in Melbourne, Australia, last month, he attacked “some people” who were threatening to repeat the mistakes of WWII. ”Flames of the war ignited by fascist countries engulfed the whole region, and many places, including Darwin in Australia, were bombed,” […]
The European Union is in a rut. Its once-vaunted economy and “ever closer” integration is facing the tough challenges of a dogged recession and anti-EU sentiment in some of its most powerful member states. It is therefore perhaps not surprising that some EU aspirants appear lukewarm about their prospects and continued desire to join the club. […]
Iraq’s nascent democracy faces a new dilemma: whether or not to embrace the political comeback of a former militia leader. Muqtada al-Sadr, the firebrand Shia cleric, has launched a public relations campaign, rebranding himself as a voice of sectarian harmony. Should Iraqis welcome Sadr with open arms, or be wary of his new persona? Sadr […]
The recent assassination of a leading secular opposition figure in Tunisia has cast a dark cloud on what many had hoped would serve as a model for democratic transition in countries swept by the Arab Spring. The sad fact is that many revolutions lead to renewed dictatorships. But the good news is that even a […]
Major powers plan to offer to ease sanctions barring trade in gold and other precious metals with Iran in return for Iranian steps to shut down the nation’s newly expanded Fordow uranium enrichment plant, Western officials said on Friday. The officials said the offer is to be presented to Iran at February 26 talks in Almaty, Kazakhstan, […]
India is bolstering its defences vis-a-vis China in a big way and is set to spend at least $15 billion for China-specific military activities by 2017. Though the scale of the Indian military preparation is grossly small compared to what China has already done with regard to India, it gives a sense of how much […]
