The week in review has been notable for decline — of stock market indices, the rupee, and economic growth. In Canada, Justin Trudeau, for long the Prince Charming of the world’s liberals, also declined, in charisma and power. He resigned as leader of the Liberal Party and prime minister. This is likely to lead to elections earlier than the ones scheduled for November.
What if China were to offer a mutual defence pact to Panama, given the background of prezelect Trump’s threat to take over Panama Canal, acquire Greenland and incorporate Canada as another state of the US of A?
Before anyone harrumphs a resolve to eat his Panama hat if China were to do anything of the sort, let me clarify this is purely a thought experiment, not any strategic leak from Beijing’s mandarins.
After the Cold War, US had been hailed as the world’s sole superpower. Its military spend is bigger than the combined spend of the next seven largest defence spenders. Its unified commands enable it to deliver coordinated attacks from land, water, air, outer space, and cyberspace. Further, it can draw on Silicon Valley warriors like Palantir, whose motto is dominance in decision making, to produce actionable intelligence from real time data derived from disparate sources.
The Association of South East Asian Nations (ASEAN)-India Trade in Goods Agreement (AITIGA) was signed and entered into force on January 1, 2010. The AITIGA (also known as ASEAN-India FTA) was a culmination of a series of efforts by both ASEAN member-States and India to ameliorate their ties. After completing a decade of the AITIGA in 2019, ASEAN and India mutually decided to review the agreement through consultations. While attending the 20th ASEAN-India Summit in 2022 at Jakarta, the Indian Prime Minister emphasised the need to complete the AITIGA in a time-bound manner.
Some dates go down in history as unprecedented and unanticipated developments usher in often unexpected and unannounced outcomes. Moreover, wars and their impacts are not unconnected or limited to a particular geography.
The year 2025 will be marked by disruption — in global economic interactions and geopolitics, and in the way factories produce and how companies are run. Growth is likely to slow down in most parts of the world.
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