Turning around a modern naval warship at sea is a slow and difficult process. Turning around whole fleets of warships, aircraft carriers and other air and naval forces, and reorienting defense spending for weapons systems that are typically planned decades in advance, is a lot harder – especially when it’s being done in the context […]
India’s engagement with Africa has grown remarkably over the past decade. Trade with Africa jumped from U.S. $3 billion in 2000 to $52.81 billion in 2010-11 and is expected to exceed $90 billion by 2015. India has emerged as Africa’s fourth largest trade partner, after the European Union, China and the United States. Its cumulative […]
After a first term and a reelection campaign that dwelled on the ills China has caused the U.S. economy, President Barack Obama now must turn to the more difficult business of engaging with China’s new leadership and translating rhetoric into policy. Given the weak economy of the past four years, a preoccupation with harmful Chinese […]
IT IS an epic story of warring factions in a strange and changing landscape, a tale of incursions and sieges, of plots and betrayals, of battlefield brilliance and of cunning with coin. The sequence of doorstop fantasy novels that George R.R. Martin began with “A Game of Thrones”, and which HBO has now turned into […]
When nations become strong and their companies begin to spread business to other countries, interests are bound to either collide or come together. For decades, it was the turn of the Western multinationals to face political wrath in faraway countries. Remember India threw out Coca Cola and IBM? Now it is the turn of Chinese and […]
The growing focus of Indian companies, including government ones, on emerging markets across Asia and Africa, and the attendant political risks of doing business in a dynamic policy regime—a problem that several Western multinationals have encountered in India—has highlighted a new challenge for New Delhi: protecting the overseas investments of Indian firms. Earlier this week, […]
Is the People’s Republic of China (PRC) trying to implode the Japanese economy? It is starting to look that way. The PRC has counterprogramed the US pivot to Asia – and US advantages in military and softpower – by leveraging its economic strengths. When Japan kicked off this year’s edition of the Senkaku (Diaoyu) Follies […]
Under sanctions imposed by the U.S. and its allies, dollars are hard to come by in Iran. The rial fell from 20,160 against the greenback on the street market in August to 36,500 rials to the dollar in October. It’s settled, for now, around 27,000. The central bank’s fixed official rate is 12,260. Yet there’s […]
U.S.-led talks on a free-trade pact in the Asia-Pacific region are entering a potential make-or-break stage, putting pressure on President Barack Obama and other leaders to sacrifice sensitive domestic interests for a big deal to boost growth. The 11 countries involved in the Trans-Pacific Partnership, or TPP, talks meet next week in Auckland, New Zealand, for the […]
Chinese Vice Premier Li Keqiang, promoted last week to the No. 2 spot in the ruling Communist Party and set to take the job of premier in March, said three decades of economic opening must be accelerated as the push to overhaul the economy encounters obstacles. Li, speaking Nov. 21 at a meeting in Beijing, […]
