The global political architecture is undergoing a transformation with power increasingly shifting from the West to the East, according to most political observers. The two most populous nations, China and India, are on their way to becoming economic powerhouses and are shedding their reticence in asserting their global profiles.
India-South Korea: The State of Affairs
The India-South Korea bilateral relationship is a remarkable example of how trade is the primary driver in global relationships. Ideology, which marked international relations in the previous decades, has given way to trade - which now is the international marker for relations. An important watershed in the relationship will be the beginning of construction for the POSCO integrated steel plant, which is slated to begin in April 2007 and would constitute the single largest foreign investment in India at US$ 12 b.