USA

Vol VIII, No 12 MARCH 24, 1973

Bangkok: The Insurgency Equation

M R

Germany’s core strategic interests are at variance with that of the United States. The alliance between the two major transatlantic powers is under severe stress. The war in Ukraine has added an undue burden on the German economy, which is likely to lead to inflation, recession and social unrest. Germany, an emerging hard power, does not intend to let inflation, recession and social unrest derail it from the path of pursuing its foreign policy objectives. In the coming decades, Germany is not likely to sacrifice its economic interests at the altar of liberal international order and this is likely to pose a bigger challenge to German–American ties in the long run.

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The perception that India was disinterested in the United States and acted difficult with the superpower dominates the analysis of India’s foreign policy over the past 75 years. Such broad conclusions are drawn without assessing the US policy vis-à-vis India.

An analysis of globalisation in a historical perspective can help us understand how the past or the present may shape the future. In so doing, this article outlines the contours of the present era of globalisation since its inception, circa 1975, to find that the successive epochs of globalisation during the second millennium came to an abrupt end because of their own consequences embedded in the process. Given this, the article seeks to focus on the present conjuncture, at the intersection of economics and politics, when globalisation is again in crisis to reflect on its future.