Dreaming big doesn’t necessarily mean acting big. Indian Finance Minister Nirmala Sitharaman’s maiden Budget speech captures New Delhi’s $5 trillion aspiration by 2025 (that’s one year’s postponement) and delivers some of the minute needed to get there. If you’re looking for ‘big bang reforms’, don’t look for it in Budget 2019.
The heinous terrorist attacks against churches and hotels that killed 258 people and injured at least 500 in Sri Lanka on Easter Day, caused political turmoil and confirmed a worrying trend already on the rise in the last years: for Islamic State (IS), South and Southeast Asia are the next hotbeds of jihadism, and are an area where the terrorist organisation can sponsor local groups and merge its brand with local guerrillas.
In tempi di guerre commerciali e di confronto sistemico USA-Cina, tra gli analisti è ormai aperto il dibattito su una possibile nuova Guerra Fredda. Una Cold War 2.0 innescata dall’America di Trump per contenere la prepotente ascesa politica e tecnologica della Cina di Xi Jinping. Ben diverso, certo, il contesto odierno rispetto al confronto con l’Unione Sovietica, gigante politico dai piedi d’argilla non integrato nell’economia mondiale.
“India wins yet again!” Narendra Modi announced in May 2019, just after securing a second term as Prime Minister of the world’s largest democracy in a landslide general elections victory. When Modi was elected for a first term five years ago, he promised that India would win back its place at the high table of leading world powers. Indeed, after decades of sustained growth, India today is at a tipping point in terms of socio-economic prospects for its 1.35 billion citizens.
The current trade war between the US and China looks like a small piece in a much larger puzzle over world leadership in which China plays the part of the ascending challenger seeking to upset the existing balance of power. Technology and innovation seem to be Beijing’s weapons of choice in its frontal assault on Washington in sectors traditionally led by the US.
9th Maria Weber Annual Conference
India is gripped by an election fever. All elections carry elements of unpredictability but in India’s seventy year history, the 2019 elections are critical. Prime Minister Narendra Modi came to power in 2014 and is seeking another term. The opposition parties are concerned about Modi’s polarising influence and are determined to prevent a BJP victory though they have been unable to put up a united front on account of internal differences.
The Special Strategic Partnership between Canberra and Tokyo was established as a vehicle through which these countries coordinate their regional security cooperation. According to the annual Foreign and Defence Minister’s meeting Joint Statement it is “founded on common strategic interests and shared values including a commitment to democracy, human rights, free trade and the rules-based international order”.
The pledge to have a “partnership for peace” has fast emerged as a key threshold in India-Japan security relations in recent years. Under the rubric of promoting a “free, open and prosperous Indo-Pacific” region, a new assurance of engagement seems to be unfolding with frequent bilateral naval exercises, including dialogues and training between the Coast Guards of the two sides.
The “Free and Open Indo-Pacific” (FOIP) is a foreign policy dictum presented by Japanese Prime Minister Shinzo Abe in 2016 with the aim of offering an alternative to China’s “Belt and Road Initiative” (BRI). On the one hand, the FOIP promotes connectivity, free trade and infrastructure development across Asia, Africa and the Middle East. On the other, the policy renews Japan’s efforts to uphold a rule-based order.