Economic Crisis

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  • Effect of the Financial Crisis on European Defence: The Case of France

    The ongoing global financial crisis has had an increasing strain on the defence budgets of different European countries. In the case of France, an intelligent and anticipatory/ preventive planning has mitigated the effects of the crisis but challenges remain, which have to be taken seriously and addressed effectively, if France wants to maintain its strategic autonomy.

    August 24, 2012

    The Rupee Crunch and India- Bhutan Economic Engagement*

    While loans, grants and lines of credit offer a solution to deal with immediate crises, it is important to gauge the long-term impact of such Indian policies on India-Bhutan relations.

    July 16, 2012

    Is China Edging Towards Political and Economic Uncertainty?

    As China heads towards leadership changes after the 18th Party Congress, there is uncertainty both as regards economic policy as well as internal dissidence.

    March 20, 2012

    Averting the 'Lehman Momentum' in Nepal

    The health of Nepal’s banking and financial institutions has deteriorated drastically, causing panic among a section of depositors and government institutions.

    July 18, 2011

    Impact of the Earthquake on the Japanese and Global Economies

    The Prefectures affected the most are Iwate, Miyagi, Fukushima and Ibaraki, which represent about 7 per cent of Japan’s economy and house steel plants, oil refineries, nuclear power plants and factories manufacturing parts for cars and electronic goods.

    March 18, 2011

    Bangladesh Beats Global Recession Through Exports

    The tremendous growth in Bangladesh’s exports has been due to three factors – the global recession, new markets and China’s spectacular economic growth.

    September 27, 2010

    Economic Crises, Currencies and Geopolitical Turning Points

    The serial financial crises have exposed deep fault lines in the international financial system, and have prompted a search for a better and more stable global financial structure.

    June 14, 2010

    The Global Economic Crisis: Some Strategic Implications

    Huge budget deficits and the need to spend on fiscal stimuli are bound to impact upon defence budgets and the ability to undertake long-term overseas operations. While India is likely to emerge from the crisis somewhat better off than most countries, the strategic shifts in global power may not all be to India’s advantage.

    China’s Changing Worldview

    Recent Chinese writings indicate that the Chinese see themselves as a major player in international affairs. They see the global economic crisis as an historic opportunity to redefine the Chinese role. The following is a summary of broad points made in recent Chinese writings on a variety of international issues.

    August 04, 2009

    Economic Downturn: Options for MoD

    The present global economic crisis has slowed down the growth of the Indian economy, affecting among others, the fiscal situation and the revenue mobilisation potential of the central government. Defence being one of the largest recipients of central government expenditure, the present crisis casts a doubt on the adequacy of future resources. This commentary discusses some major options that India’s Ministry of Defence needs to consider in order to withstand the likely resource constraints in the coming years.

    May 26, 2009

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