Premium Essay

Emerging Economic and Political Conflicts as Threat to Prosperity

In:

Submitted By beas1993
Words 8568
Pages 35
EMERGING ECONOMIC AND POLITICAL CONFLICTS AS THREAT TO PROSPERITY

Biyash Chakraborty
MBA- International Business
Email: chakraborty.biyash93@gmail.com
University of Petroleum and Energy Studies,
Dehradun. (Uttarakhand), INDIA
__________________________________________________________________________
Abstract
India’s rapid economic growth has made it the second fastest growing energy market in the world. Its domestic and international strategies has produced foreign policy differences with the United States that will require careful management on both sides. India’s basic approach to energy diplomacy has been to develop its supply potential and neutralize its potential competitors, principally China. India’s strategic interest in Iran as its energy partner and then the Iraq crisis are having a negative consequence on its economic prosperity, placing it on crossroads with the US. There is a divide between US and EU about the wisdom and desirability of imposing harsh economic sanctions on Russia. In any such confrontation, EU stands to lose much more than the US, though it can be argued that Russia will be the worst loser. In future, Russia may try to find new potential market for its gas and that could be India. So it is important for India to take its stand on Ukraine crisis carefully without tarnishing its relation with USA. India’s long-term prosperity hinges to some degree on a conflict free neighborhood; that an economically integrated region is in India’s overall security interests.
Keywords: oil crisis, energy diplomacy, Ukraine Crisis, trade agreement, SAARC Nations
Literature Review
Indian foreign policy has always concentrated around major powerful nations like USA and Russia. The research which has been done so far is focused on building relations with these nations. We see that a lot of work has been done in this field- there is a

Similar Documents

Free Essay

Pacific Century

...PACIFIC FOUNDATION OF CANADA _________________________________________________ 2 ABOUT THE NATIONAL OPINION POLL: CANADIAN VIEWS ON ASIA ________________________________ 2 METHODOLOGY KEY FINDINGS ___________________________________________________________________________________________ 2 ____________________________________________________________________________________________ 3 EXPLAINING CANADIANS’ VIEWS ON ASIA DETAILED FINDINGS ___________________________________________________________ 7 ____________________________________________________________________________________ 17 SECTION 1: PERCEPTIONS OF ASIA __________________________________________________________ 17 SECTION 2: VIEWS OF CANADA-ASIA ECONOMIC RELATIONS ____________________________ 23 SECTION 3: PROVINCIAL PERSPECTIVES ON CANADA-ASIA RELATIONS _______________ 31 SECTION 4: CANADA-ASIA ENERGY RELATIONS ___________________________________________ 35 SECTION 5: PROMOTING HUMAN RIGHTS IN ASIA ________________________________________ 39 SECTION 6: CANADA-ASIA SECURITY ISSUES ______________________________________________ 41 SECTION 7: DEMOGRAPHIC FINDINGS ______________________________________________________ 43 APPENDIX: READING THE TABLES _____________________________________________________________________ 49 NOP 2014 PG. 1 ABOUT THE ASIA PACIFIC FOUNDATION OF CANADA The Asia Pacific Foundation of Canada (APF Canada) has been a leader in research and...

Words: 16362 - Pages: 66

Free Essay

Japan and China

...interpersonal relationships among others. In this paper, the relationship between Japan and China will determine how political and economic developments effects Northeast Asia. The relationship between both countries will also present historical meaning toward Japan and China’s relationship, how the relationship changed in the 20th century, and the relationship now. Last, the paper will present Japan and China’s relationship effects on the United States and neighboring countries. Japan and China’s Relationship Affects When considering the relationship of Japan and China one has to perceive the representation of two well-educated countries who illustrates behaviors, strengths, and attitudes of long political and economic tension. However, for Northeast Asia, China, and Japan possess strong will and economic activities that produce economic and political stabilities and enhances its cultures wealth and identity. For Asia, Japan, and China are its giant, and such great incentives places China and Japan in the race of leadership in economic and political leadership against the United States of America (Calder, 2012). Japan and China has continual battling against one another as a means to prosper and gain power. However, the relationship of China and Japan in Northeast Asia continues to grow causing independent commitments to develop global and economic rewards to increase networking abilities. China and Japan’s relationship also builds complex...

Words: 1011 - Pages: 5

Premium Essay

Wto and Emerging Economies

...World Trade Organization (WTO) was established 20 years ago in 1995 with the aim of creating a prosperous and unified global trading block. To date, the organization has yet to achieve this goal. Thus, the threat of the irrelevancy of the WTO is not far, as we see more unilateral and regional trade agreements being established. This is a result of the WTO reaching a period of impasse. Moreover, new rising powers such as Brazil, China, and India must maintain a careful balance as they negotiate their way to the top (Narlikar, 2010). This analysis seeks to answer the following question: will rising powers integrate into today’s world trade order? This analysis will begin by discussing how the emergence of the developing world within the WTO has affected the institution, followed by a discussion on the resistance shown by developed nations in welcoming emerging economies into the international arena. The emergence of developing economies has had positive and negative impacts on the effectiveness of the WTO. The positive impact, as Narlikar explains, is the WTOs ability to distribute power on a more equal scale to its members. Conversely, a multipolar system with several leading positions is one of the primary reasons why the Doha Round is currently in deadlock. By including emerging economies - namely, Brazil, India, and China - in core decision-making processes, we see a greater diversification of ideas. We are also provided with insight on countries that are in different stages...

Words: 801 - Pages: 4

Premium Essay

Risk Management

...My company has been holding operations in Chine since 1890s. The global economic reality was different back on time; the global market was geopolitically very limited and with few opportunities around. Chine is the key player among the Emerging Market countries and consequently in the global market, as well. Emerging markets countries were defined by Tamer, Gary and John(2012) as “...countries such as Brazil, China, India, Mexico, and Turkey that, in contrast to advanced economies, are experiencing rapid economic growth, industrialization, and modernization”.(254). Exxon Mobil has a very strong presence in Chine; with approximately 1,300 employees plus 300 in Hong Kong, a 2.25-million-tonnes-per-year LNG(Liquefied Natural Gas) sales and purchase agreements with PetroChina. Petro China is our strongest partner in Chine, which is also the National Oil & Gas Company of that Asian giant. Unarguably, Emerging Market Countries are very attractive due to their particular characteristics such as Abundant Natural and Mineral resources highly populated by young people, low cost-manufacturing, etc. However, most of them have few adequate infrastructure designated for commerce or industry, evolving legal systems, and most importantly a high-risk business environment. (Tamer et al, 2012). Those risks have been the so called traditional risks. More recently, another highly challenging risk has emerged: The Emerging Market Countries’ top firms enterprises have become global competitors, in...

Words: 1022 - Pages: 5

Free Essay

Rise and Risk of China

...The Rise and Risk of China Introduction Australia has felt the full impact of Chinas “extraordinary economic growth and active diplomacy” (Ikenberry 2011, 23) in East Asia. The power transition of China “becoming a formidable global power” (Ikenberry 2011, 26) is of growing importance to Australia’s economic prosperity and security (Shen 2009, 110). But as relative power begins to shift, the latest defence White Paper released last Friday May 3, stated “the relationship between the United States and China, the region’s and the globe’s two most powerful states, will more than any other single factor determine our strategic environment over coming decades” (Probyn and Wright 2013). Drawing upon the Research Thesis of Yi Shen at the University of NSW, the aim of this essay is to examine the repercussions of the US-China strategic rivalry over Taiwan. In the event of conflict, Australia would be forced to side with the US which “has kept Asia peaceful and Australia secure for many decades” (White 2011, 81). Maintaining a military alliance with the US as well as ongoing economic opportunities with China requires stable relations amongst Asian powers by adopting “the logic of concert” (White 2011, 90). As China becomes an ongoing threat to US primacy in Asia, it is in the best interest of Australia to maintain dual relations by the establishment of a new order that ensures regional stability and security throughout Asia. Clash over Taiwan Australia’s ability to maintain...

Words: 1673 - Pages: 7

Free Essay

Strategic Implications from the People’s Republic of China’s Influence in the Americas: Potential Consequences Facing the United States, Brazil &Venezuela

...Americas: Potential Consequences facing the United States, Brazil &Venezuela Abstract This research seeks to examine the strategic implications facing the United States of America’s due to its benign interest in the Caribbean and Latin America (Americas) given the People’s Republic of China (China) increasing economic interest in the region. It is intended to first define the current security environment of the Americas and the relations between Brazil and Venezuela with that of the United States of America (United States) and China. Thereafter, China’s economic and domestic agenda in the Americas will be examined with hypotheses of the emerging global power potential growth success, challenges or possible collapse in her foreign policy. The likely consequences facing Brazil, Venezuela and the United States will also be examined. The assessment will be done across a continuum of China’s realized economic growth, development of hostile relations due to competition for scarce energy sources or possible collapse due to the country’s internal problems. Finally, the research seeks to encourage proactive thinking by the United States on China’s increasing political and military influence in the region and its possible underlying agenda of becoming the next global super power or hegemony. Introduction A general perception persists in the Caribbean and Latin America that the United States is disinterested in the security of the region with its emphasis placed on the...

Words: 9457 - Pages: 38

Free Essay

Viietnam and Iraq

...Nhan T. Pham Sociology 300 Introduction Less Developing Countries (LDCs) are emerging in the 21st century with the increasing role of new technologies, private investment that have led to the remarkable reduction in poverty. The Third World development in the future will likely be very different from what it has been in the past. Less Developing Countries are often unindustrialized, economically instable, have an underdeveloped political system and have high levels of human health. LDCs have changed and evolved over the years as we move into the modern age. The purpose of this paper is to examine two developing countries (Vietnam and Iraq). I will focus on the three major problems that the two countries are experiencing in today's world that include political, economic and human rights. Despite the country’s political differences, they share some similarities; though much of the philosophy has been debated, there are points of value to both countries. This essay intends to study some of their most painful discover in their political philosophy. Vietnam Political The North and the South were divided politically in 1954 because of different economic ideologies. Communist was in the North and capitalist in the South. Ho Chi Minh was a Vietnamese revolutionary leader, who established the communist governed Democratic Republic of Vietnam in 1945. Ho Chi Minh became president of Democratic Republic of Vietnam from 1945 to 1969. He died in 1969. After the fall of Saigon in...

Words: 1589 - Pages: 7

Premium Essay

Islam

...ihmsaw@gmail.com Table Of Contents SL. No 1. 2 3 4 5 Topic Introduction Defining Civilization Islamic History Why a chash of civilizations Theories negating the existence of a threat Page No 3 5 5 6 9 6 Islamic Threat : Myth or Reality 10 7. Summary 15 8. Bibliography & Works Cited 15 Page 2 of 16 FANTASY OR INEVITABLE Civilization covers a wide variety of essential elements which are required to constitute a civilization with its development, refinement and improvement. The elements are not only available but exist in abundance within most of the regions around the world. Those only need to be searched or explored and benefits drawn to the utmost in order to gradually establish a civilization by using our body and mind bestowed by the Creator as the best of all the creations on earth. It takes time to attain any level of civilization in any country or region. It is a slow process which grows with the extent of time given to it and the amount of efforts made on it. There is hardly any standard parameter by which to judge the level or the measure of civilization attained except their standings as projected at the world stage in terms of progress and development. When a civilization develops in any region it takes into account many sectors such as social, political, economy, agriculture, education, industry, health care, trade and commerce, science and technology, art and culture and moral and ethical values, the refinement and the steady...

Words: 5088 - Pages: 21

Premium Essay

Economic Paper

...meeting in Phnom Penh where the meeting participants proposed that the members consider the creation of an ASEAN Economic Community (AEC) by 2020. This is really nothing new, ASEAN has always carefully studied the progress of EU being a single market. Essential Differences Too often ASEAN is compared to the EU in an international context, however the objectives and motivation behind the founding are in no way to be comparable, below are some of the arguments: 1. EU was formed due the internal (regional) pressure to unify. Two world war in two generation has greatly motivate EU to form a political union, which started with unifying the economy. EU’s economy and political union was to the emerging from the devastation of the World War II. On the other hand, ASEAN formed AFTA to face the challenges from the external towards globalization and regionalization. The aim to create a loose network which without a legal basis under international law, to promote economic corporation, to avoid conflicts between member states and to develop strategies against possible threat from outside. It is deemed that conflict resolution was less important than avoiding conflict amongst themselves in the first place. As for country like Indonesia still considers ASEAN as a mean to create political identity. 2. Historically, culturally and economically difference. The highly divergent levels of economic development within ASEAN, whose...

Words: 1347 - Pages: 6

Free Essay

Can India and China Rise Peacefully?

...Peacefully?India and China are two of the world’s oldest civilization-states and are now aspiring superpowers engaged in the global economy and possess expanding military capabilities.1Cultural and economic ties date back to Ancient times when the Silk Road was used as a major trade route between the two great countries. Over the course of the 20th century, relations between the two ranged from allying and friendship, to intense conflicts over border disputes.2Despite these crisis’s, the two nations have developed close economic ties that are mutually beneficial. Trade has increased dramatically over the past decade and companies form joint ventures to further ties. History shows that this has not always been the case, and the competitivenature between the two states stems from border disputes from the early 1950s to the late 1980s.3Despite gestures towards a peaceful partnership throughout the 1950s, those gestures were challenged by actions in the disputed territories. The Five Principles of Peaceful Coexistence, signed in 1954, is an example of such cooperation. However, China nor India 1Malik, Mohan. "India-China Relations: Giants Stir, Cooperate and Compete." Asia-Pacific Center for Security Studies (2004).2Malik, Mohan. 3 Malik, Mohan.1 followed these closely and still lead to major conflict following these meetings. Nevertheless, this agreement stated the principles as:1.Mutual respect for each other’s territorial integrity and sovereignty2.Mutual non-aggression3.Mutual non-interference...

Words: 2676 - Pages: 11

Free Essay

Foreign Policy

...to be put up that promote the many interests of Kenya. It should be noted that since independence Kenya has had four sitting presidents including the current one, this has a close relationship of the way the foreign policy agenda has revolutionized. It will be noted that since independence Kenya had quiet diplomacy that can be considered to have been of a low profile approach in terms of foreign affairs especially international ones. In this immediate post-independence period there was active involvement in regional peace diplomacy. The architectures of these polices then had the central idea that the future of the country strongly stood on the belief that regional stability and security in our environment is the basis for national prosperity and survival. Therefore, there was need to realign the international relations with global powers relations since then and also now there was as is still emergence of multi polar world order and economies that greatly influence global affairs. Kenya being a central and integral entity in the African continent, it is intrinsically important that its national interests are fundamentally interlinked with the continents stability, unity and...

Words: 2005 - Pages: 9

Free Essay

Colinization

...How did decolonization effect African economics? In today’s modern world it is certainly a global economy. Although the United States is still at the forefront in the economic world along with Europe, the days of their dominance is slowly dwindling. Regions such as China, South America particularly Brazil, India and others are growing at rates never before seen in these nations due to a multitude of different economic factors. However, in this new world economy, Africa seems to be left out. A place with an abundance of natural resources and agricultural capabilities, Africa has yet to reach its full potential. There are many theories to which one could attribute the lack of growth in Africa to but I will be specifically looking at decolonization and how, in my opinion, it has disallowed Africa to become a major player in the world economy. to understand why africaneconomies are still not growing like comparable emerging markets one must first start with the history and the worker for he/she is the driving force behind any economic system. in “dialects of decolonization” Cooper gives a detailed history of the French african worker during decolonization and reform movements. focusing on the social aspect of the labour movement, french west africa transitioned from a “class-centered, internationalist organization that insisted that workers subordiante their own concerns, interests and collective awarness to the emerging national struggle”. though this sounds honarbale, the...

Words: 3645 - Pages: 15

Free Essay

Environmental Security

...Name: Affiliation: Date:   Environmental security Introduction An environment basically refers to the total surrounding of all organisms both living and the dead, including natural forces that come into place. All these factors provide conditions for development and growth of an economy whereas on the other hand security refers is a set of customs and rules that govern a society. Therefore environmental security simply means how our surrounding is being protected to avoid damage and depletion of the resources. Many of the natural resources include water, land, air, soil, energy, minerals and all those that are in the resources. Environmental security entails the basic protection of the most important resources that we have e.g. the ecosystem service and have a complete assurance that there will be a constant supply of the resource in the near future without depletion. The human society and its natural surrounding is being threatened by the new global pressures that have been posing challenges on degradation an depletion of the natural resources. The global pressures may include competition to access of water, land, minerals and other fundamental resources, increase in the population of various countries thus posing pressure in land, there has been an increase in the demand for energy due to increased number of people thus having many industries for provision of employment and manufacture of food. Thus our vital resources face danger of depletion and damage if no...

Words: 2160 - Pages: 9

Premium Essay

International Trade Between the U.S, China and India

...toxic assets were supposed to be able to weather the storm and be a source for global liquidity. When U.S. imports of automobiles, electronics and machinery from China slowed down, their economy was disrupted. Similarly to the liquidity crisis taking place in the U.S., India is experiencing their own liquidity squeeze. The BSE was forced down when foreign portfolio investors withdrew over $11 billion dollars. India, China and America are commonly described as emerging powers. Over the years China and India have become economic, political and military powers in the 21st century. The United States, China and India have a common interest in peace and prosperity. This relationship provides the U.S. with low cost consumer goods and advanced manufactured products to the India and China. Recently, more people have been viewing these relationships as a threat. However, the international division of labor has doubled regarding the number of workers participating in the world economy. In addition globalization, economic development and technological innovations have accelerated as a result of this trend. Unfortunately, the U.S. and China’s goals differ radically. The U.S. wants to expand international order by mutually advantageous trade between countries. In retrospect, China...

Words: 1321 - Pages: 6

Free Essay

Thailand Geopolitics

...Geopolitics of Thailand TABLE OF CONTENTS Introduction 2 Geographic location in Asia 2 Economy of Thailand 2 Demographic 2 Culture 3 China and Thailand 3 What China would want from Thailand 3 What are the Chinese needs ? 3 What can Thailand provides to China in this optic ? 4 China and Thailand relationships 5 Thailand and its neighbours 7 ASEAN7 Myanmar8 Laos 8 Cambodia 8 Vietnam 9 Thailand and USA9 Relations threw the history9 Economic relations10 Current bilateral issues 11 Strategies11 Geopolitical imperatives11 Strategies with historical evolution 12 Conclusion 15 Bibliography 15 I. Introduction 1.1 Geographic location in Asia Totaling 513,120 km² Thailand is the world's 51st-largest country by total area. 1.2 Economy of Thailand Thailand is an emerging economy and considered as a newly industrialized country.It exports an increasing value of over $105 billion worth of goods and services annually.> Thai rice, textiles and footwear, fishery products, rubber, jewellery, cars, computers and electrical appliances. Its Substantial industries are : electric appliances, tourism (6%), sex tourism and prostitution…It also has a GDP worth US$602 billion. This classifies Thailand as the 2nd largest economy in Southeast Asia, after Indonesia.It is the 4th richest nation according to GDP per capita, after Singapore, Brunei and Malaysia. Finally the IMF has predicted that the Thai economy will...

Words: 4301 - Pages: 18