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From American master Ward Just, returning to his trademark territory of "Forgetfulness "and "The Weather in Berlin," an evocative portrait of diplomacy and desire set against the backdrop of America's first lost war
Following the end of the Cold War, the economic reforms in the early 1990s, and ensuing impressive growth rates, India has emerged as a leading voice in global affairs, particularly on international economic issues. Its domestic market is fast-growing and India is becoming increasingly important to global geo-strategic calculations, at a time when it has been outperforming many other growing economies, and is the only Asian country with the heft to counterbalance China. Indeed, so much is India defined internationally by its economic performance (and challenges) that other dimensions of its internal situation, notably relevant to security, and of its foreign policy have been relatively neglected in the existing literature. This handbook presents an innovative, high profile volume, providing an authoritative and accessible examination and critique of Indian foreign policy. The handbook brings together essays from a global team of leading experts in the field to provide a comprehensive study of the various dimensions of Indian foreign policy.
This book assesses the performance of Indian industries from the perspectives of trade, investment, policy, and development incentives. It evaluates the relevance and the macro- and microeconomic impact of industrial policy on growth in different sectors of industry. The book examines India's key policy initiatives and economic and institutional plans through many decades and examines their short and long-term effects on industrial environment and performance. It measures India's strategic policies and efforts to promote industrialization against similar initiatives in countries like Germany, Japan, South Korea, and Taiwan. The volume also contextualizes the performance of different sectors of industry such as automobiles, electronics and information technology, and pharmaceuticals, among others, within the larger framework of global economic scenario and competition. This book will be of great interest to researchers and students of economics, political economy, industrial development and policy, and South Asia studies.
Industrial policy is making a comeback in the United States. It is more urgent than ever to understand how and whether industrial policy has worked to strengthen the US economy. This study analyzes and scores 18 US industrial policy episodes implemented between 1970 and 2020, in an effort to assess what went right and what went wrong—and how the current initiatives might fare. The Peterson Institute for International Economics gratefully acknowledges the support of the Koch Foundation for this project.
The Council on Foreign Relations (CFR) and Aspen Institute India (Aii) have cosponsored a U.S.-India Joint Study Group to identify the shared national interests that motivate the United States and India. The group is releasing its conclusions from meetings held in New Delhi, and Washington, DC. It recommends* The United States express strong support for India''s peaceful rise as a crucial component of Asian security and stability.* The United States and India endorse a residual U.S. military presence over the long term in Afghanistan beyond 2014, if such a presence is acceptable to the government of Afghanistan.* The two countries resume regular meetings among the so-called Quad states (the United States, India, Japan, and Australia), and should periodically invite participation from other like-minded Asian nations such as South Korea, Indonesia, Singapore, and Malaysia. Representatives of the Quad states have not met since 2007.The group comprised business, policy, and thought leaders from the United States and India, and was co-chaired by Robert D. Blackwill, Henry A. Kissinger senior fellow for U.S. foreign policy, and Naresh Chandra, chairman of National Security Advisory Board.Other members are:Graham T. Allison - Harvard Kennedy SchoolK. S. Bajpai - Delhi Policy GroupSanjaya Baru - Business Standard, IndiaDennis C. Blair Former Director of National IntelligencePramit Pal Chaudhuri - Hindustan TimesP. S. Das Former commander-in-chief, Eastern Naval Command, Indian NavyTarun Das - Aspen Institute IndiaJamshyd N. Godrej - Godrej & Boyce Manufacturing Company Ltd.Richard N. Haass - CFR, ex officioStephen J. Hadley - United States Institute of PeaceBrajesh Mishra - Observer Research FoundationC. Raja Mohan - Centre for Policy Research, New DelhiJohn D. Podesta - Center for American ProgressAshley J. Tellis - Carnegie Endowment for International PeacePhilip D. Zelikow - University of VirginiaThe following are select policy recommendations from the report, The United States and India: A Shared Strategic Future.On Pakistan:* Hold classified exchanges on multiple Pakistan contingencies, including the collapse of the Pakistan state and the specter of the Pakistan military losing control of its nuclear arsenal.* The United States should heavily condition all military aid to Pakistan on sustained concrete antiterrorist measures by the Pakistan military against groups targeting India and the United States, including in Afghanistan.* The United States should continue to provide technical assistance to Pakistan to protect its nuclear arsenal, and to prevent the transfer of this technology to third parties.* India should continue its bilateral negotiations with Pakistan on all outstanding issues, including the question of Kashmir. India should attempt to initiate quiet bilateral discussions with Pakistan on Afghanistan as well as trilateral discussions with Afghanistan.On Afghanistan:* India, with U.S. support, should continue to intensify its links with the Afghanistan government in the economic, diplomatic, and security domains.* The United States and India should determine whether large-scale Indian training of Afghanistan security forces, either in Afghanistan or in India, would be beneficial.On China and Asia:* The United States and India should jointly and individually enlist China''s cooperation on matters of global and regional concern. Neither India nor the United States desire confrontation with China, or to forge a coalition for China''s containment.* Given worrisome and heavy-handed Chinese actions since 2007, the United States and India should regularly brief each other on their assessments of China and intensify their consultations on Asian security.On the Middle East:* The United States and India should collaborate on a multiyear, multifaceted initiative to support and cement other democratic transitions in the Middle East-with Arab interest and agreement.* India should intensify discussions with Iran concerning the stability of Iraq and Afghanistan.On economic cooperation, the United States and India should:* Enhance the Strategic Dialogue co-chaired by the U.S. secretary of state and Indian minister of external affairs to include economics and trade.* Begin discussions on a free trade agreement, but recognize that it may not be politically possible in the United States to conclude negotiations in the near term.On climate change and energy technology, the collaboration should:* Include regular, cabinet-level meetings focused on bridging disagreements and identifying creative areas for collaboration.* Conduct a joint feasibility study on a cooperative program to develop space-based solar power with a goal of fielding a commercially viable capability within two decades.On defense cooperation, the United States should:* Train and provide expertise to the Indian military in areas such as space and cyberspace operations where India''s defense establishment is currently weak, but its civil and private sector has strengths.* The United States should help strengthen India''s indigenous defense industry. The United States should treat India as equivalent to a U.S. ally for purposes of defense technology disclosure and export controls of defense and dual-use goods, even though India does not seek an actual alliance relationship.This Joint Study Group, cosponsored by the Council on Foreign Relations and Aspen Institute India, was convened to assess issues of current and critical importance to the U.S.-India relationship and to provide policymakers in both countries with concrete judgments and recommendations. Diverse in backgrounds and perspectives, Joint Study Group members aimed to reach a meaningful consensus on policy through private and nonpartisan deliberations. Once launched, this Joint Study Group was independent of both sponsoring institutions and its members are solely responsible for the content of the report. Members'' affiliations are listed for identification purposes only and do not imply institutional endorsement.
This book looks at the debates on global value chains (GVCs) and free trade agreements (FTAs) as springboards for industrial development in developing countries, especially India. It connects the outcomes in GVC-led industrial restructuring and upgrading to industrial policy choices in trade and FDI liberalisation, in particular those through FTAs. With the share of manufacturing in GDP stagnant at around 15–16% since the 1980s, India’s policymakers have pinned their hopes on greater integration into GVCs to revitalise the manufacturing sector. The multiple FTAs the country has signed over the last few years, specifically the ones with the Association of Southeast Asian Nations (ASEAN), South Korea, Malaysia and Japan have been sought to be rationalised using the same argument. The book argues that failing to factor in the industrial policy causalities involved in sustainable indigenous technology development, structural barriers to the entry into GVCs, the assessments of the available evidence on the adverse impact of trade and FDI liberalisation as well as existing FTAs on firm-level incentives for undertaking domestic production, and the industrial policy constraints imposed by FTAs can prove costly for the trajectories of developing country economies, including India. Rich in data, this book will be useful to scholars and researchers of development economics, economics in general, development studies and public policy as well as government bodies, industry experts and policymakers.
A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —Economist Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. “Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review “Magisterial.” —Foreign Affairs
As the world's third largest economy, India is an important trade and economic partner for the United States. The visit by recently elected Prime Minister Narendra Modi, his first to Washington, DC, has heightened congressional interest in the current status of the relationship. Modi's visit provides the Obama Administration with an opportunity to advance the U.S.-India strategic partnership, including by discussing ways to foster greater trade and investment between the two nations. This book discusses India's trade, investment, and industrial policies and their effects on the United States.
A Brookings Institution Press and the National Council of Applied Economic Research publication The India Policy Forum (IPF) is a new annual publication dedicated to research on the contemporary Indian economy. It provides a forum for addressing the scope, speed, and desirability of economic reforms within India and their fundamental impacts on the country's social and economic welfare. The IPF aims to nurture a global network of scholars interested in India's economic transformation. A joint publication of the National Council of Applied Economic Research in India and the Brookings Institution in the United States, the IPF provides a bridge between researchers in India and abroad. This inaugural issue contains highlights from a conference held in New Delhi in March 2004. Topics include: • India's Trade Reform: Progress, Impact, and Future Strategy • Should a U.S.-India Free Trade Agreement Be Part of India's Trade Strategy? • Foreign Inflows and Macroeconomic Policy in India • India's Experience with the Implementation of a Pegged Exchange Rate • The Challenges for Capital Account Convertibility in India • Banking Reform in India
In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.