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looking beyond borders

foreign policy and global economy

Archive for the tag “Economy”

China Seeks Big-Ticket Payback From Myanmar

As China surges forward again in Myanmar, new pressure to restart a controversial dam project could represent a watershed moment for bilateral relations. The Beijing-backed US$3.6 billion Myitsone dam project, which if built as previously designed would flood 600 square kilometers of forestland in northern Kachin state and export 90 % of the power produced to China, was suspended by Myanmar’s previous military-dominated government in September 2011.

Read Here – Asia Times

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Rise Of Bangladesh Augurs Well For The Future Of The Eastern Subcontinent.

In focusing on the scale of Sheikh Hasina’s victory in the general election a few days ago and the allegations of rigging by her opponents in Bangladesh, it is easy to miss the significant structural change unfolding in Bangladesh and its long-term implications.

Read Here – The Indian Express

The Euro Turns 20

The euro’s first 20 years played out very differently than many expected, highlighting the importance of recognizing that the future is likely to be different from the past. Given this, only a commitment to flexibility and a willingness to rise to new challenges will ensure the common currency’s continued success.

Read Here – Project Syndicate

When The China Dream And The European Dream Collide

Europe’s non-geopolitical view appears to be changing as many European countries individually and the European Union collectively start to see China as a potential competitor. In addition, China’s Made in 2025 strategy served as an important wake up call to high-tech European industry.

Read Here – War On The Rocks

How Sheikh Hasina Used Realpolitik, Textbook Governance To Consolidate Her Power

Over the last decade, Bangladesh’s growth rate has gone up from around 5 per cent in 2008 to 7.86 per cent in 2017-18, with key sectors such as agriculture, manufacturing and services growing alongside. During this period, foreign exchange reserves increased five times and both investment and savings enhanced to over 30 per cent of the GDP. Per capita income has risen nearly threefold since 2009, reaching $1,750 this year, and the number of people living in extreme poverty — classified as under $1.25 per day — has shrunk from about 19 per cent of the population to less than 9 per cent over the same period, according to the World Bank.

Read Here – The Indian Express

A Tale Of Two Cities: Shenzhen Vs Hong Kong

Photo by Frame Harirak on Unsplash

Forty years ago Shenzhen was a rural backwater with a population of 20,000, boasting very little industry or agriculture. Communist Beijing was happy to keep it that way for fear its proximity to the freewheeling capitalist colony of Hong Kong made it a security threat. But after Deng Xiaoping’s reforms the town developed rapidly and is arguably surpassing Hong Kong as China’s leading city for industry and technology.

Read Here – South China Morning Post

Will Xi Jinping Tighten His Grip On Power In 2019?

Coming to the end of 2018, the atmosphere in the People’s Republic has become increasingly dominated by Xi’s presence and image. During the Forum for China African Cooperation in September, an already infamous cover of the official People’s Daily had Xi’s name in headlines almost 20 times on the front page.

Read Here – WarOnTheRocks

It’s All About Modi As India Prepares For Mammoth 2019 Election

Rocked by regional election defeats and investor dismay at the surprise loss of the central bank chief, India’s ruling party is doubling down on Prime Minister Narendra Modi. Four-and-a-half years after crushing the Nehru-Gandhi dynasty’s latest scion as he swept to victory, Modi still cultivates his image as a diligent, incorruptible son-of-a-tea-seller who strives to make India a prouder, more powerful country.

Read Here – Bloomberg

British PM May Survives Party Confidence Vote But Brexit Deal Still Teetering

Prime Minister Theresa May survived a confidence vote by the Conservative Party on Wednesday, but a mutiny by more than a third of her lawmakers indicated parliament was heading towards deadlock over Brexit.

Read Here – Reuters

Ousted Sri Lankan PM Wickremesinghe Gets Majority In Parliament Vote

Sri Lanka’s ousted prime minister Ranil Wickremesinghe garnered a majority in parliament on Wednesday, weeks after being sacked by President Maithripala Sirisena in a controversial move that plunged the island nation into political turmoil. As many as 117 out of 225 lawmakers in parliament voted to pass a confidence motion in his leadership.

Read Here – The Wire

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