In a surprising move on May 12, 2017, just a day before the opening of the Belt and Road Forum in Beijing, Nepal signed the framework agreement in Kathmandu. However, this has raised strategic apprehensions in India.
In 1986, Vietnam instituted economic reforms known as Doi Moi. In 1995, former US President Bill Clinton normalized relations with Vietnam. With US support, Vietnam joined the World Trade Organization.
India’s relationship with Iran is important for a myriad of economic and strategic reasons. Firstly, India is amongst the largest importers of oil, second after China, from Iran. Secondly, India is helping Iran in the development of Chabahar Port.
On May 15, 2017, Japan signaled its intention to join the Asian Infrastructure Investment Bank initiated by Beijing. The condition is for the AIIB to address Japan’s concerns about the environmental impact of AIIB-funded projects and other matters.
Some Cambodian scholars have commented that the country’s debt situation is manageable. However, one should take proactive measures to tackle the unpredictable backlash which could potentially derive from debt.
The most important area in which ASEAN can contribute is to bring about the ASEAN Community with cultures and historical backgrounds different from those of the European Union. The new global conditions present Southeast Asia with opportunities and challenges.
Recently, there have been three significant state visits to India by Malaysian PM Najib Razak, Bangladesh PM Sheikh Hasina, and Australian PM Malcolm Turnbull. All three countries are vital players in what the Modi Government has dubbed as India’s “Act East Policy.”
The recent lynching of a university student in Pakistan who had been falsely accused of blasphemy highlights the fact that terrorist and separatist violence are not the sole security threats facing the successful completion of the China-Pakistan Economic Corridor.
The rise of Uber and the challenges it now faces illustrate the pitfall of innovation. While one cannot argue against the sharing economy aspect of Uber, one cannot also ignore the regulatory arbitrage issues raised by the taxi drivers.