WPR Articles 07 Jul 2012 - 13 Jul 2012
With economic turmoil in Europe and concerns over budget deficits and debt in the United States, public spending is receiving heightened scrutiny in major foreign assistance donor countries. Austerity has become the preferred route for many of them, leading the development community to wonder how austerity will affect development and how long this period will last.
The steadily increasing complexity of Indo-U.S. naval force coordination has been a standout feature of an otherwise interest-driven relationship, suggesting the U.S. sees India as the western hinge of its pivot to Asia, with the U.S. Navy backstopping the shift from the Pacific. However, before the Indo-U.S. naval entente becomes a full-blown condominium, more dialogue between the two navies will be necessary.
Following a period of relatively aggressive behavior from 2009 to 2011, recent events suggest that Beijing is pursuing a new strategy on the region's high seas, perhaps in response to Washington’s Asia pivot. Going into this week's ASEAN summit, where hopes for a maritime code of conduct are rising, it seems China would need to radically alter this strategy to participate fully in any such arrangement.
Last week, Israel and China signed a memorandum of understanding for a multibillion dollar project inside Israel that some say could constitute an alternative trade route to the Suez Canal. The deal highlights the dizzying pace at which China and Israel are building economic and diplomatic ties, and is emblematic of what is driving the less-visible links between the two countries.
In late-June, Turkey and Azerbaijan signed accords green-lighting the $7 billion Trans-Anatolian Pipeline (TANAP). While the deal has been described as a deathblow to the once highly touted EU-backed Nabucco pipeline consortium, TANAP’s emergence alongside a host of other alternative and unconventional energy options is also endangering Russia’s near-monopoly in the European natural gas market.