Skip to main content


Showing posts from July 25, 2010

India's place in an expanding East Asia

P. S. Suryanarayana ASEAN believes that the proposed inclusion of U.S. and Russia in the East Asia Summit will not inevitably lead to a power struggle among the big players in the region. Can an optimal-sized East Asia Summit (EAS), an organisation and not a conference, become a governing council with a mandate to oversee, regulate, or manage the complexity of growing relations among the countries of an expanding region? The answer is being determined by the Association of South East Asian Nations (ASEAN), a long-standing non-military bloc of 10 disparate countries with an insatiable appetite for ‘smart diplomacy' in their own ‘collective' self-interest. What are the basic facts behind this latest snapshot of diplomatic action in East Asia as expressed in words? First, a clear distinction exists between geopolitical East Asia and the geographical area in the eastern arc of the Asian continent. The geopolitical spa

Wal-Mart Begins “Mark Of The Beast” Age For World By: Sorcha Faal, and as reported to her Western Subscribers Reports being prepared for Patriarch Kirill are apparently showing that the American based Global retail giant, and World’s largest corporation, Wal-Mart has begun ushering in what Russian Church scholars have long stated would be the “Mark of the Beast” age prophesized to come about prior to ending of our present modern day one. According to the ancient prophecies the “Mark of the Beast” is a combination of letters and symbols that will be physically and permanently placed on the forehead or right hand of people Most people will consider it an honor to receive the mark as it will open doors of acceptance, prosperity and peace, or so they will be told. The sole prophetic reference to the “Mark of the Beast” is contained in the Christian faiths New Testament Bible’s Book of the Revelation of John which in Chapter 13, Verses 16-18 states: “And he causeth all, both small and gr

Shock World Court Ruling Warned Will Destroy Obama, America By: Sorcha Faal, and as reported to her Western Subscribers Russian diplomatic and foreign affairs experts are in shock today over the International Court of Justice ( World Court ) [symbol top photo left] ruling yesterday that declared the independence declaration of the Serbian province of Kosovo to be legal and not a violation of International Law. According to the World Court’s President, Judge Hisashi Owada, and supported by a majority ruling, “The court considers that general international law contains no applicable prohibition of declaration of independence. Accordingly it concludes that the declaration of independence of the 17th of February 2008 did not violate general international law.” After the World Court ruling Russian Foreign Ministry officials publicly stated that they would continue not to recognize Kosovo as an independent Nation, a stand opposed by the United States whose Secretary of State Hillary Clinton said of it

Fiscal Deficit, Crowding Out, and the Sustainability of Economic Growth: The Case of the Indian Economy

Sunitha RAJU, Jaydeep MUKHERJEE Fiscal Deficit, Crowding Out, and the Sustainability of Economic Growth: The Case of the Indian Economy Asie Visions 31, juillet 2010 DOWNLOAD THE DOCUMENT This study examines the long-run relationship between the fiscal deficit, the crowding out of private capital formation and net exports for the Indian economy during the period from 1980-81 to 2008-09. Applying unit root tests and cointegration techniques that allow for endogenously determined structural breaks, the analysis is done separately with the gross fiscal deficit of the central government, and the combined deficits of the central and state governments. The results do not indicate any long-run relationship among the variables, despite the balance-of-payments crisis of 1990-91 and sudden jump in deficits from 1997-98 onwards. Our finding supports neither a crowding out nor a crowding in hypothesis between government spending and private investment. On the contrary, our result hints at the Ri

Rumblings in East Asian Waters Raise Serious Questions

By Bhaskar Roy The sinking of the South Korean frigate, Cheonan, by a North Korean torpedo on March 26 has raised questions of shock waves far away from the site of incident. Having signaled that it may conduct a third nuclear weapons test at a time of its choosing, North Korea or Democratic People’s Republic of Korea (DPRK) has held out (July 24) physical response to the US-South Korea (POK) naval exercise in the Sea of Japan with nuclear weapons. Nobody is taking DPRK’s nuclear threat seriously, and should not. It is a North Korean tactics of holding out maximum threat. But at the same time, North Korea’s nieghbours cannot help but take serious note of such outbursts from their unpredictable neighbor. China is critical where North Korea is concerned. Pyongyang depends on Beijing for almost everything from energy to food and support in the international arena. Most of the countries involved in the region including the US believe China is sincerely trying to bring Pyongyang back to th