Group of Seven (G7) is an informal grouping of advanced democracies (Canada, France, Germany, Italy, Japan, United Kingdom and the United States) that meets annually to coordinate global economic policy and address other transnational issues. The G7 plays a significant role in global governance, as its member countries are among the world’s largest economies and have a substantial impact on international relations. The G7’s engagement in Africa is crucial for sustainable development, as the continent faces numerous challenges, including poverty, climate change, and security threats.
Tag: United States
Xi’s European Tour: Global Power Shifts and India’s Challenge
In these changing times, where every nation is trying to recalibrate its position according to its interests and the shifting power balances President Xi Jinping’s visit to France, Hungary, and Serbia has garnered observers of international politics their inquisitive seats of analysis. This comes when multiple conflictual clashes are building around the globe. The more than two-year war in Ukraine, the result of which seems to be elusive to the site, the Israeli siege of Gaza and its spillover effects in the region and the covert build-up of tensions between Israel and Iran distorting the current power status quo.
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.
We are Shifting Towards a Multipolar World
The landscape of international politics is constantly changing and posing a serious challenge to the existing global order for the last three decades. The emerging role of the different middle powers is key to shaping the power dynamics and has reduced the relative power of the U.S. and opened up the scope for emerging economies like China, India, South Africa, and Brazil. Robert Gilpin, a scholar of the Realism school, opined that the global order is a dynamic reflection of shifting power dynamics among states, historically marked by conflicts and restructuring the power equations.
China Launches Shenzhou-18 Mission Aiming for Lunar Exploration
China’s space program is making great strides with the Shenzhou-18 mission. This time, three astronauts are sent to the country’s first domestically built space station. Led by former fighter pilots Ye Guangfu, Li Cong, and Li Guangsu, the crew embarks on a six-month mission, which includes conducting experiments and preparing for lunar exploration. In the midst of all this are zebrafish, part of more than 90 scientific experiments. Among them are creating a closed aquatic ecosystem for studying the interactions between fish and algae in space, information that can maybe inform future designs of habitats.
Chinese Cities Sink as Urbanisation Surges
The problem is not limited to China. Some of the major cities worldwide including Houston, Mexico City, and Delhi are facing similar challenges due to excessive water extractions and geological factors. Subsidence is one issue that affects areas with extensive mining activities, like the coal regions of Pingdingshan in northern China. Combating subsidence requires effective strategies. Tokyo successfully tackled the sinking by providing alternative water sources and banning well water use. In China, controlling groundwater extraction and implementing laws to prevent further subsidence are crucial steps.
North Korea fires Ballistic Missile, Heightening Tensions with Japan
The West claims that Moscow’s support for North Korea’s missile programme has been crucial to its defence posture in the region vis-a-vis American presence in the region. Pyongyang openly defies a ban imposed by the United Nations Security Council on developing ballistic missiles. North Korea asserts international objections against its missile programs as infringement of its sovereign right to defend itself.
Israel Conducts Airstrikes on Iran Despite US Implorements to not Retaliate
According to a US official, Israeli Defense Force carried out an air strike on Iran on Friday, April 19, in retaliation to an Iranian attack last Sunday, April 14. The Iranian defense force has blocked three drones near the air base in Isfahan province. However Iran did not make any comment on who could be behind the attack and nor did Israel claim responsibility over the strike. The No large scale damage was caused by the attack, reported CNN. Sources said that Netanyahu government’s war cabinet has been planning for an attack since Monday which was hold back due to international pressure coming from allies like the United States and Gulf.
US Reports Reveal that China is Aiding Russia’s Military Expansion
According to an assessment by US officials, it is revealed that China is playing a significant role in the military expansion of Russia, particularly in its efforts in the war against Ukraine. China has been increasing its sales of various technology and equipment to Russia, which Moscow will use to build up its military arsenal. China has been the major supplier of microelectronics, machine tools, and other crucial technology to Russia. In 2023, around 90% of Russia’s microelectronics came from China, which is essential in the production of tanks, missiles, and aircraft. Additionally, over 70% of Russia’s machine tool imports came from China last year.
To what extent has North Korea achieved Economic Liberalisation?
North Korea has a communist style of governance, and the role of market allocation schemes is limited. Basically, the country has a centrally planned economy with a total GDP of nearly 20 billion USD. It was expected to reach 21.24 USD billion by the end of 2023 and 25.06 USD billion in 2024. Comparably, North Korea’s GDP is 57 times smaller than that of South Korea’s GDP. The Gross Value Added (GVA) of the country is dominated by agriculture, followed by the manufacturing and construction sectors. North Korea had a similar GDP to its neighbour from the time of the Korean War until of mid-1970s. However, estimating the isolated nation’s GDP is actually a difficult task because of the lack of availability of data.