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Dear Readers,
Welcome to the new edition of the magazine. Interestingly, this new edition captures some of the fine sparks of changes beginning in April that may impact global diplomacy and economic discourse. It is beyond dispute that the G20 Summit in London has become a watershed in breaking the impasse on the set of measures required to revive major economies afflicted by global credit crisis. The divergent positions of the US and EU on this issue finally gave way to a consensual and pragmatic position of tighter regulation and financing of trade, accommodating the concerns of emerging economies like India and China. Our report on World Economic Forum 2009 also concludes with the hope that G20 meet will be a harbinger to the turn-around process in many economies.
Elections often lead to regime-change and subsequently polices are bound to change. In India’s case too, the upcoming elections are crucial in deciding the continuity of many of its globalisation policies. Our articles on these issues can be interesting.
The cover story on “Leveraging Latin America” needs special mention for its topical significance. It is the tale of India’s not so loud engagement with Latin America. A series of articles look at the potential and depth of these relations and the mutual benefits flowing from them.
On the Africa front, economic diplomacy is going places. Two reports on the recent Africa-India business summits held in New Delhi organized by CII and FICCI capture this momentum. The presence of high profile political and business delegations from Africa and the rising interest of the Indian business community in exploring new areas of investment mark the essence of these summits.
The outcome in Bangladesh polls and what it holds for India is neatly analysed by Mr. Anil Bhat in his comprehensive article. In yet another piece, Anil Bhat brings home the urgency of updating our security apparatus not only with trained personnel but also with the latest technology including telephone forensics to succeed against the designs of terror elements threatening civil societies.
The ethnic situation in Sri Lanka is analysed by Mr. R. Swaminathan, a security expert. He looks at the scenario in war-torn parts of that country and wonders whether mere military operation alone can win the war against secessionism.
The article on the Euro, which completed a 10-year run is significant for its history, evolution and strengths vis a vis the American dollar. Mr. William Hawke’s piece on Amritsar is commendable for the graphic account of that historic Indian city and its attractions. So, read on.
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