1st Edition

Strategic Consequences of India's Economic Performance




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ISBN 9780415431965
Published April 17, 2007 by Routledge
496 Pages

USD $160.00

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Book Description

In this book, Sanjaya Baru, one of India’s most respected commentators on political and economic issues, pays close attention to the strategic consequences of India’s increasingly impressive economic performance. The new turn in India's economic policies and performance in the last decade of the twentieth century; the success of Indian enterprise in the post-WTO world; the emergence of a confident professional middle-class; a demonstrated nuclear capability; and the resilience of an open society and an open economy, in the face of multiple and complex challenges, have all shaped India's response to the tectonic shifts in the global balance of power in the post-Cold War era.

In this collection of academic essays and newspaper columns, Baru explores the business of diplomacy and the diplomacy of business in a rising India. The role of India's cultural and intellectual 'soft power' in shaping global perceptions of India are examined. The book offers a panoramic view of the geopolitics and the geo-economics of India's recent rise as a free market democracy, and as such will interest both experts and lay readers.

Table of Contents

1. The Strategic Consequences of India's Economic Performance  2. The Economic Dimension of India's Foreign Policy  3. Conceptualising Economic Security  4. National Security in an Open Economy  5. Stewing in our Own Juice  6. India and the World: Learning to Walk on Two Legs  7. The Economics of National Security  8. The Bombay Plea  9. Competitive Advantage: Merit, Markets and the Middle Class  10. The Fruits of Economic Diplomacy  11. The Madrid Impasse: India and G-9 Stand Up to be Counted  12. Intimations of Greatness: The Challenge of Realising India's Potential  13. Diplomatic Business: Trade and Flag in Today's World  14. The Strategic Imperative  15. Brinkmanship Blues: Memories of a Near Forgotten Crisis  16. Economic Sanctions in War on Terror  17. Not an Advisable Advisory  18. Who Wants Charity?  19. Who is Afraid of Globalisation?  20. Sizing up the Competition  21. Doing our Own Thing  22. A Jaswant Singh Doctrine on Foreign Aid  23. India Launches FTA Spree before Cancun  24. The Business of Foreign Policy  25. Slower Track WTO versus Fast Track FTAs  26. Foreign Trade is also about Imports  27. An Open Market and an Open Society  28. How Asian is India?  29. India and ASEAN: The Emerging Economic Relationship towards a Bay of Bengal Community  30. The Asian Economic Crisis and India's External Economic Relations  31. South Asian Dialogue: Business of Peace and Security  32. Tackling Trust, Trade and Terrorism  33. A Win-Win Race in South Asia  34. South Asia can Rise and Shine Together  35. Economic Consequences of J&K Elections  36. The Business of other Neighbours  37. IT and the e-Economy: The Ballast for India-US Relations  38. India, China and the Asian Neighbourhood: Issues in External Trade and Foreign Policy  39. Mr. Rao goes to Washington  40. Beyond Nuclear Policy: A Wider Perspective on Signing CTBT  41. Who's Afraid of Entities List?  42. Dotcom Diaspora: World Wide Web of Overseas Indians  43. Terms of Engagement  44. Long and Short of India-US Relations  45. The Big Deal about No Big Deal  46. India and US: Out of the South Asia Box  47. Putin Russia in Perspective  48. G-8 Summit: Not Just because it's There  49. Business in Command China's Cultural Counter-Revolution  50. Manhattan of the East: Wandering and Wondering in China  51. Pacific Blues: The US-China Face-Off  52. The Chinese Art of Economic Diplomacy  53. The New Great Game: APEC, ASEAN+3 and now JACIK, an Alphabet Soup in a Changing Asia  54. Business beyond Borders: India-China Relations Show the Way for India-Pakistan Relations  55. An Eagle's Eye on the Dragon  56. Is India a Paper Tiger?  57. The Coming of Age of Korea Inc.  58. State and Market in Foreign Policy  59. The Economic Consequences of the Kargil Conflict for India and Pakistan  60. Geography of Business: Time, Space and Technology  61. Media Multiplier: Soft Power of Indian Software  62. Widen that Lens  63. An India of Narayana Murthy or Sudarshan?

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Reviews

'A collection of Baru's journalistic greatest hits ... brilliant scene-setting essays analysing the strategic choices that have faced India since it started to open its economy 15 years ago ... make it required reading for anyone interested in the interplay between domestic economic strategy and global power politics.'Financial Times

'Sanjaya Baru is one of the bright lights of modern India. Before most others in journalism, academia, or politics, he was able to see the immense opportunities for India created by globalization and a new international atmosphere. In this fine collection of essays Baru analyzes these issues, which lie at the crossroads of economics, politics, and public policy. Free of old thinking and tired cliches, Baru writes clearly and convincingly.'Fareed Zakaria, editor, Newsweek International and author, The Future of Freedom

'These are superbly crafted and insightful writings on economic and security issues. No one who wishes to follow India ... can afford to ignore this splendid collection. Buy, read, profit, and enjoy.'Jagdish Bhagwati, Columbia University