Thursday, June 18, 2009

BRICs and G-2

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    • When you are on top of a heap, you get a better perspective than when you are at its bottom. That is what probably separates China and India at this week’s talk-fest in Yekaterinburg.
    • The idea of ‘Group of Two’ — America and China — jointly managing the world has steadily gained ground since Barack Obama took charge of Washington.
    • It is China’s ability to threaten mutually assured financial destruction that makes the Anglo-Saxons nervous. It is no secret that only the Chinese have the clout to negotiate with the Americans on global financial system.
    • As China becomes stronger than Russia, Moscow will necessarily have to rethink its ties to Beijing and Washington.
    • It is not for nothing that Russia’s national symbol is an eagle with two heads — one looking east and the other looking west.
    • Delhi faces similar challenges with Beijing today. These include the stalled boundary talks, deepening distrust on Tibet, and the gathering sense of mutual geopolitical encirclement.
    • If India sweeps these difficult bilateral issues under the carpet and indulges in soaring multilateral rhetoric with China, Beijing will administer a painful reality check sooner than later.

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