looking beyond borders

foreign policy and global economy

Archive for the tag “developing economy”

Cambodia, Sri Lanka And The China Debt Trap

The influx of Chinese economic assistance into Sri Lanka and Cambodia has raised questions regarding the intentions behind these massive loans. While China may still be considered a developing economy, its current strategy of providing soft power loans and aid to its regional neighbours is reminiscent of the tributary system that the country employed back in its empire days.

Read Here – East Asia Forum

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A Himalayan Handshake

The world looks to Asia to be the engine driving the global economy. This would be impossible without the two powerhouses of China and India. Our two countries need to work hand in hand if Asia is to become the anchor of world peace. An Asian century that people expect would not come if China and India, the two most populous countries in the world, failed to live in harmony and achieve common development. Asia’s future hinges on China and India, says Chinese Premier Li Keqiang.

Read Here – The Hindu

Why India Is Forced to Reform Its Economy

The crisis was precipitated by weakness in the global economy and the effects of recent policy errors. Other contributors were the strategies left over from the pre-1991 Soviet-style planning era and the Congress Party’s socialist background and bent toward income redistribution in favor of rural areas instead of economic growth. Furthermore, the elections scheduled for 2014 added further urgency to take action because the next budget, in the spring of 2013, will probably have a populist tinge.

Read Here – Bloomberg

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