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China,
Japan Korea need cooperative supervisory framework |
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The
Year of Asia |
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Incremental
Diplomacy won’t do |
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Bickering
delays Asian currency unit launch |
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A
Perilous Collision Between Nationalism and Globalisation |
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Powerhouse
China should not be a threat |
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Promoting
growth, ending poverty |
Driven
by intensifying globalization and economic integration, interdependence
is spreading throughout the world. As a result, creating cooperative
frameworks and institutional structures for trade, investment and
financial stability have become priorities for many countries.
The year 2006 is clearly the year of Asia on the brie and Chardonnay circuit. It started with the “India everywhere” extravaganza at Davos, followed by a conclave on Asia in London in March sponsored by the UK’s Department for International Development (DFID). The annual meeting of the Asian Development Bank will occur in the heat of May in our own Hyderabad. This will be followed by the annual meetings of the International Monetary Fund and the World Bank in Singapore in September. Even academics are not spared: the World Bank’s Annual Bank Conference on Development Economics (ABCDE) is to be held in Tokyo this year. Click
here to read further :
Whatever anyone might say, there is no denying the fact that the Americans lead all others in what can be called out-of-the-box diplomacy. The Bush administration’s audacious offer of treating India as a nuclear Brahmin is a classic example of diplomacy that, at once, takes a huge leap from incrementalism and seeks to radically rearrange the existing framework of relationship. India and China are both in a position to think innovatively today. Ironically, it is the India-US nuclear deal which can act as the fresh impetus for India to take that big leap in its relations with neighbours like China, Pakistan and Asean. This must actually form the core of its enlightened national interest, a phrase coined by the prime minister in the context of the Indo-US nuclear deal. Click
here to read further :
Bickering
delays Asian currency unit launch Plans
to launch an Asian Currency Unit (Acu) to help develop regional
bond markets and promote monetary co-operation have been delayed
by political and technical arguments over which currencies to include
and how the weighting system would work, say people familiar with
the project.
A
Perilous Collision Between Nationalosm and Golobalisation
Powerhouse
China should not be a threat THE rise of China as a great economic power and the new experiments
with multilateralism in East Asia will pose a challenge for US policy.
The US has to recognise that there are new forces at play in the
region that will alter the traditional balance of power and that
the East Asian financial crisis of 1997-98 profoundly altered Asian
views of how the world works. There is now far more willingness
to collaborate in the region than was the case before the 1997-98
crisis.
Promoting
growth, ending poverty The
one theme that continues to dominate global economic discussion,
and took centre stage at this year's World Economic Forum at Davos,
is the rise and rise of the new economic powerhouses, India and
China. |
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