The impact of Covid pandemic has been profoundly disproportionate across different segments of populations and disrupted the development roadmap for South Asian economies.
By helping relocate production that doesn’t make sense for it to places like Taiwan, Vietnam, and India, US can move to secure its allegiance through job creation and investment.
The drop in international commerce was quick and steep during the first Covid lockdowns, but a rebound fueled by emergency fiscal and monetary stimulus has been almost as sharp.
The RCEP will bind the 10 economies of Southeast Asia with China, Japan, S. Korea, Australia & New Zealand. To provide a counterweight, the US needs the Trans-Pacific Partnership.
Growth in foreign investment in Vietnam's Bac Giang province is almost doubling every year and the province forecasts exports value to reach $11 billion, a tenfold leap in 6 years.
With govts having to fund trillions of dollars in bailout packages for businesses, finding extra capital to restructure global supply chains is a tall order.
The 2 countries have been in a bitter trade war since last month when Japan imposed export controls on 3 essential chemicals used to make memory chips, which is among Korea’s top exports.
It is necessary to break the spell of socialist dogma on the imagination of those attracted by its Utopia as the only scientific way of progress, wrote MA Venkatarao in 1963.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
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