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looking beyond borders

foreign policy and global economy

Archive for the tag “economic liberalisation”

Back With A Vengence

Realpolitik made a comeback in 2014. In the immediate post-Cold War-era, during those years when America enjoyed its unipolar moment, international politics as it had been usually understood seemed to have been eclipsed. The world began to focus more on the liberalization and globalization of the world economy, the spread of democracy, and the threats posed by non-state actors.

Read Here – The Diplomat

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Embracing Deng

Honoured as the chief architect behind the reform and opening-up policy, Deng has been acknowledged as the core of the second generation of central leadership that led China out of chaotic political movements and into unprecedented prosperity.

Read Here – Global Times

That Loud, Hissing Sound…

Expectations that India’s prime minister would revolutionize a troubled economy overnight were wildly overblown. But three months on, even some Modi skeptics may be wondering if they have been too easy on the great modernizer from Gujarat. Since taking office, Modi has scuttled a global trade deal, sidestepped much-needed subsidy cuts, and refrained from letting foreigners hold majority stakes in key domestic sectors. He remains vague about the broader structural reforms partisans hoped he would inaugurate.

Read Here – Bloomberg

 

The Bipartisan Consensus in Washington About Expanding Ties With India May Be Good For New Delhi, But it’s Turned the Election Into a Snoozer.

Indeed, enthusiasm for India in Washington may wax or wane over the next four years, but arguably this will depend less on who occupies the White House than on who occupies the prime minister’s residence at 7 Race Course Road. Over the past two years, faced with a global slowdown and a lack of reforms, India’s once red-hot economy has cooled sharply. The International Monetary Fund predicts that the Indian economy will grow at 4.9 percent this year, half as fast as the 9.8 percent it managed at its peak in 2007. Simply put, India’s strategic importance in Asia — whether as a counterweight to China or a beacon of democracy and pluralism — depends on its ability to put its economy back on the rails. Both a President Romney and a President Obama will hope that recent reforms, which include an opening of India’s retail, insurance, and aviation sectors, take hold, and that India’s fractured politics doesn’t derail its economic prospects.

Read Here – Foreign Policy

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