Digital Silk Road (DSR) is a crucial component of China’s Belt and Road Initiative (BRI), symbolising China’s strategy to expand information exchanges and digital cooperation with emerging markets and developing economies. Launched in 2015 as part of President Xi Jinping’s flagship transnational infrastructural project, the DSR has become a significant part of Beijing’s overall BRI strategy, providing aid, political support and assistance to recipient states. The DSR aims to enhance digital connectivity in developing economies, challenging the West’s tech dominance in the developing world.
Category: Analysis
Strengthening ASEAN’s Response: Reassessing the Five Point Consensus on Myanmar
On 24 April 2021 the ASEAN Leaders’ Meeting was convened at the ASEAN Secretariat in Jakarta, with the view to reach a consensus on the situation in Myanmar apart from other issues such as community building efforts, recovery from the COVID-19 pandemic, and other pressing issues of common interest to all ASEAN Member States. On the situation in Myanmar, the leaders agreed on the Five Point consensus (FPC). As the FPC marks the three-year anniversary on 24 April 2024, it is pertinent to reflect on the developments of each of these provisions. Over the period of three years, these provisions have often been criticised as mere diplomatic efforts which provide an ideal solution on paper but aren’t able to respond to the situation on the ground.
Why isn’t the United States Using its Oil Reserves?
The United States’ oil reserves, particularly the Strategic Petroleum Reserve (SPR), have played a crucial role in the nation’s energy security strategy since its establishment in 1975. The SPR, located in underground storage facilities in Texas and Louisiana, serves as a vital emergency stockpile of hundreds of millions of barrels of oil, ready to be utilised in times of crisis. Over the years, the U.S. government has maintained this reserve to shield the country from energy disruptions caused by various events, such as natural disasters, military conflicts and geopolitical tensions.
Impact of Israel-Hamas and Russia-Ukraine Conflicts on Stock Markets
Geopolitical conflicts have the potential to impact global stock markets through various economic and financial channels. Disruptions to energy and commodity supplies, increased market volatility, and heightened economic uncertainty can all weigh on investor sentiment and stock prices. Additionally, the potential for these conflicts to escalate and draw in other regional or global powers could further exacerbate their impact on the financial markets.
Integrating Oman and Egypt into the India-Middle East-Europe Economic Corridor
As the Israel-Palestine conflict persists, the India-Middle East-Europe Economic Corridor (IMEC), announced in the backdrop of the G20 summit held in Delhi in September, 2023, remains a non-starter. The resolution of the Israel-Palestine conflict is nowhere in sight. As opposed to delaying the implementation of IMEC until the crisis is resolved, the participating nations could look at additional routes that would connect India to Europe bypassing Israel. One such route can connect India to Europe via Oman, Saudi Arabia and Egypt, while the rest of the Gulf Cooperation Council countries can be connected to the corridor via branch routes.
Maldives’ Growing Proximity with China: Gain or Loss for India?
Since Mohamed Muizu became the elected president of the Maldives in September 2023, a series of anti-India sentiments has been sweeping the country. Evidently, the allegiance of President Muizzu’s clearly lies in China. President Muizzu has earlier given the deadline for withdrawing Indian troops from the country, which will be an eventual move, accepted by India. A few days earlier, the two maritime neighbourhood countries got into a spat after a reference from a Maldivian minister to call India a ‘bully’ of the smaller countries of the region. New Delhi reacted by reminding the amount of aid, $4.5 billion, that the Maldives accepts from India.
Can the Rise of Technosexualism Endanger Dating Apps?
In today’s world, AI is making its way into our romantic lives, as well as dominating our search engines and careers. With the belief that human relationships are overrated, AI girlfriends have gained significant popularity among more than 10 million individuals. With the rise of online dating, these partners are causing quite a buzz and could potentially revolutionise the way people approach dating. There is one individual who is willing to spend a whopping $10,000 every month on these chatbots. Greg Isenberg envisions a market worth one billion dollars, drawing inspiration from Match Group’s remarkable success. However, privacy concerns arise when it comes to virtual companions such as Cupid.ai and Candy.ai. Artificial intelligence companions, engineered to understand and offer a customised experience, could soon become the frontrunners, overshadowing dating app subscriptions.
BRICS is the Cure for Bitterness between India and China
BRICS (Brazil, Russia, India, China, and South Africa) is one of the major platforms of the five emerging economies, aiming at promoting peace, security, inclusive development and cooperation. The platform represents 43% of the world’s total population and 30% of the global Gross Domestic Product (GDP). Since its establishment against the backdrop of the 2008 global financial crisis, as a potential alternative to G7 platform. The BRICS has grown substantially as an effective platform to articulate views of countries in the Global South as at least one country is present from every different continent across the region. Economy, being in focus point of the grouping, the initial decade of BRICS has advanced coordinated policy initiatives in the field of global economic governance.
Hong Kong’s National Security Law and its Potential Impact on Foreign Entities
The new national security law a legislation under Article 23 has been passed in Hong Kong Parliament. This is the second in a row of national security laws since 2020. The legal personnel has feared that the new law shall broaden the scope of defining sedition and state secrets, with tougher penalties for anyone under conviction. The new law encompasses treason, espionage and external interference is being closely watched by foreign businesses. Notably, the most serious offences are sometimes punishable with life imprisonment, convicted of involvement with ‘external forces’.
India’s Arunachal Pradesh or China’s Zangnan?
For a substantial period of time, the border conflicts between India and China have centred around the Indian state of Arunachal Pradesh, which is claimed by China and administered by India. Reflecting the severity of the conflict, following the Sino-Indian War of 1962, both nations have been constantly in conflict with one another. Since then, Beijing has primarily concentrated on using covert warfare techniques to sabotage India’s sovereignty, renaming Indian land, intensifying military buildups in border regions and defying signed pacts, norms & procedures, while the dragon has never faltered in its will to put mounting pressure on New Delhi.