The Hindu Daily Editorial Discussion 9/3/19 By - Ashish Singh
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Page 8 Page 9 A peace movement is needed . When Bandipur burned . The forest fire that erupted in Bandipur Tiger India and Pakistan must re-imagine the border as a fold of peace instead of as a threshold of hostilities Reserve last month devastated hundreds of acres of pristine forest. R. Krishna Kumar and E.M. Manoj report on the mammoth effort that went into containing the fire and the need to upgrade fire-fighting capabilities .The case for a First Front A Third or Federal Front will not be able to confront the challenge the Hindu right poses to India's secular polity Strange turn . The Supreme Court's attempt at mediation in the Ayodhya dispute is incongruous Road through Rome? taly's proposed endorsement of the BRI highlights the dilemmas within the EU
Road through Rome? GS PAPER 2 Effect of policies and politics of developed and developing countries on India's interests .Silk Road 21st Century Maritime Economic Belt Silk Road Europe Russia Poland Russia Ukraine Kazakhstan Belgium France Uzbekistan Italy Europe Central Asia Turkey . China. . . . Iran Pakistan Persian Gulf China Vietnam KenySriMafaysia Kenya Lanka Mediterranean Sea South Asia South China Sea West Asia Southeast Asia Indian Ocean South Pacific
Moscow Russia Venice Italy Istanbul Turkey Urumqi China Xi'An China Fuzhou China Nairobi Kenya Kuala Lumpur Malaysia
.Italy's plan to endorse the Belt and Road Initiative, the first such . In turn, this highlights the difficulties facing the EU and the U.S. in .On its inception in 2013, the BRI envisaged linking about 65 move by a G7 member, will boost China's global ambitions. formulating a concerted response to counter China's growing might. about countries along a modern Silk Road, the transformation of China into a high-income economy and the renminbi's elevation into a global currency along a moderm Sik
16+1 Group .Today, it has expanded to over 80 countries, mostly least developed and developing economies, as Beijing seeks to bolster its Made in China 2025 industrial policy. The lure of the BRI is attributed largely to the informal nature of the deals Beijing negotiates with partner-states, with attractive loan terms and sans political strings. Their opaque nature has spurred criticism that recipients risk being pushed into a debt trap. .But the glitches facing some of the BRI infrastructure projects have merely led to calls for renegotiation rather than their roll-back. The BRI has moved forward, along with Beijing's other venture, the Asian Infrastructure Investment Bank. Many Central and Eastern European countries, EU members and aspirants alike, are part of the "16+1" group, which includes China, collaborating in infrastructure ventures.
However, Italy, an EU founder-member, will be the first major developed economy to participate in the BRI. Rome's ruling eurosceptic and anti-establishment coalition has been enthusiastic in signing on. .Its timing is seen to have something to do with the difficulties the government has faced in balancing its growth targets with the EU's stringent fiscal norms. These tensions surfaced in recent negotiations with Brussels that led to a revised Italian budget. .
ltaly is counting on its BRI endorsement to boost investment in it, given recent reductions in Chinese outflows into the EU ' Rome is expected to sign an MoU to participate in the mammoth endeavour during a visit this month of President Xi Jinping Italy's move comes at a moment of increasing concern in European capitals, especially Paris and Berlin, to counter Chinese mergers and acquisitions of European firms to protect the bloc's strategic economic sectors.
.The Trump administration has, in keeping with its America First policy, invoked national security provisions rarely deployed in international trade and targeted Beijing with punitive import tariffs, ostensibly to protect domestic industries. China's phenomenal economic expansion since joining the WTO in 2001 has almost altered the global landscape. But attempts to block Chinese businesses may prove short-sighted. Instead, Western democracies should strive to live up to their repeated pledges, since the 2007-08 global financial crisis, to eschew protectionism and promote rules-based open and free global competition.
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