Archive for June, 2012

Reflections on the G20 Summit from China, India, and Russia

The Seventh G20 Summit concluded last Tuesday (June 19) in Los Cabos, Mexico. Convened against the backdrop of the Eurozone crisis, world leaders emphasized growth and employment, and agreed to uphold free trade. BRICS nations also pledged to increase their contributions to the International Monetary Fund. In this post, we examine commentary on the G20 from China, India, and Russia.

 

CHINA

Coverage of the summit and related commentary convey the overall message that China is poised to play a constructive role in multilateral forums, and that the G20 is surpassing the G8’s role in global governance.

  • This view was expressed by Chen Youjun of the Shanghai Institute for International Studies (SIIS) in an interview, as well as Liu Youfa, vice president of the China Institute of International Studies, in an article.
  • However, Ye Jiang, Director of Global Governance at SIIS, expressed skepticism that the G20 will replace the G8 anytime soon.

The most strident critique of the distribution of power in global financial governance came from a Global Times editorial. Besides economic clout, financial influence is also determined by a country’s political credibility and military power, the paper stressed. It also argued that “China should have the courage to do highly risky things such as RMB internationalization.”

INDIA

The G20 Summit generated mixed views on India’s role in global financial governance, as well as the overall relevance of the forum. (more…)

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US-India Strategic Dialogue: Views from India

At the Third U.S.-India Strategic Dialogue held last Wednesday (June 13) in Washington, U.S. Secretary of State Hilary Clinton and Indian Minister of External Affairs Shri S.M. Krishna announced in a joint statement several agreements on strategic cooperation, security, energy, trade, and education. This post examines the key issues that garnered the most attention in the Indian media. 

Overall assessments of the high-level bilateral talks took note of India’s usual strategic restraint and desire for autonomy.

  • The left-leaning Hindu observed that this Strategic Dialogue ” lacked the energy” of the previous round, with Washington pre-occupied with the upcoming election. On the other hand, The Indian Express faulted Delhi’s coalition government for its weak domestic support and hence inability to deliver on international expectations.

Media coverage focused on two main developments: Washington’s announcement prior to the Strategic Dialogue that it will exempt India from sanctions related to importing oil from Iran, and the U.S.-India decision to begin holding formal trilateral consultations with Afghanistan.

Another issue that garnered much attention in the Indian press but minimal coverage in the U.S. media was India’s ongoing request to gain access to two suspects in the 2008 Mumbai terror attacks, currently in U.S. custody. The Hindu asked,  is India’s request “falling on deaf ears?”

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Is a U.S.-India Strategic Partnership Viable?

U.S. and Indian leaders are hosting the third annual session of the U.S.-India Strategic Dialogue in Washington this week. Topics for discussion will include bilateral and regional economic engagement, public health, innovation, regional security and defense, agriculture, and women’s empowerment.

The June 8 edition of India Abroad covers prospects for the U.S.-India strategic partnership, as discussed at the April 16 Rising Powers Initiative Conference on “Power, Identity, and Security in Asia: Views on Regional Cooperation and the U.S. Role”

Read the full article here

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