Today, as conversations about trade between nations get more animated, there is less pretence that we are also talking about the parallel exercise of political influence.
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#AsiaEconomicDialogue2020
@PuneIntCentre
It is, therefore, important that any debate about Asia and the emerging international trading system factor in this reality. Trade has never been politically neutral; it is even less so now.
The changing trade scenario is expressed today in the forging of new partnerships, dependence on sourcing, and mapping of supply chains. The increasingly heated arguments on connectivity and technology underline the complicated era in which we now live.
An erosion of globalization will certainly influence the trading habits of many societies.
Many of the industrial economies of Asia were built as a result of political choices. The rise of China, perhaps more than any other contemporary example, was influenced by the strategic calculations of others. To some extent, India finds itself on a similar cusp.
There is interest in the world to create additional drivers of growth while ensuring a global strategic balance. Trade and other forms of economic growth are critical elements of creating more effective multipolarity.
