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Name of the Game Is Interdependence

Lawrence Summers, United States President Barack Obama's chief economic advisor and formerly secretary of treasury in the second term of the Clinton administration, once said that there was a ‘balance of financial terror’ between the US and its financial creditors, primarily China and Japan. Today, China, holding some $800 billion in US treasury bonds and some $2 trillion worth of currency reserves wields financial terror against the US.

Strategy and Tactics in Countering Left Wing Extremists in India

Left Wing Extremism (LWE) presents a serious internal security challenge to India that needs careful and coordinated policy response from both the security front and the development front. For the CPI (Maoists) (Communist Party of India), the main outfit propagating LWE, the plan and execution of this style of people's war against the state is like the Churchillian ‘a riddle wrapped in a mystery inside an enigma’. At one level, the LWE can be described as a ‘Democratic revolution through tactical offensive with tactical speed in the protracted people's war of strategic defensive’.

Signals and Orchestration: India’s Use of Compellence in the 2001–02 Crisis

How effective was the Indian government in sending clear, coercive signals and orchestrating them into coherent messages during 'Operation Parakram' in 2001-02? This study finds that compellence was hampered by three factors: (1) the government kept changing its demands; (2) the lack of adequate civil-military coordination; and (3) the government engaged in a dual-track policy of direct coercion of Pakistan, while simultaneously engaging the United States to put pressure on Pakistan. Ultimately, these two policy strands worked at cross-purposes to each other.

A Growing Technological Gap with China?

The drivers for sustaining the decades-long growth of the Chinese economy are the subject of enduring conjecture, controversy and even wonder. From a US$1 trillion economy in the 1980s, China's GDP has crossed the US$4 trillion mark and is vying with Japan for the status of the number two economy in the world. China has now set itself the task of becoming a major research and development (R&D) power in the medium-term, signalling its ‘arrival’ as a major power.

India–Nepal Peace and Friendship Treaty (1950): Does it Require Revision?

The Treaty of Peace and Friendship signed between India and Nepal in 1950 has been a subject of debate within Nepal. The issue has been regularly featured in left parties' election manifestos in Nepal and become an agenda item in bilateral talks. India has agreed to review, adjust and update the treaty while giving due recognition to the special features of the bilateral relationship. Nepal's reservations to the treaty are based on the argument that the treaty compromises Nepal's ability to pursue an independent defence and foreign policy.