Posts Tagged ‘Global’
Obama denies his global footprint has shrunk – AFP
Last Updated on Friday, 12 November 2010 09:26 Written by admin Friday, 12 November 2010 09:26
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Obama denies his global footprint has shrunk
SEOUL — US President Barack Obama insisted on Friday that he now had more clout on the world stage — not less — dismissing comments that a mid-term election rout at home had shaved his power abroad. Obama also mused that talking to the Chinese was …
South Korea upbeat on resolving US trade deal soon
G-20 Refuses to Back US Push on China's Currency
Trade-Offs Of Korea-U.S. Impasse
Obama trip welcomes India to high table of global influence – Christian Science Monitor
Last Updated on Tuesday, 9 November 2010 12:26 Written by admin Tuesday, 9 November 2010 12:26
President Obama left India with reassurances of his strong support for a ‘strategic partnership’ – as well as strong words about his commitment to free trade.
President Obama left India Thursday having won over the country’s leadership with a series of small deals, excellent stage management, and a symbolically significant welcome to the high table of global decisionmaking.
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In return, he got few significant commitments from the Indian government but managed to accomplish domestically significant tasks, thanks to the business community. He avoided criticisms at home over outsourcing by tallying 54,000 new jobs from Indo-US business deals, and he mended fences with America’s business community with a full-throated defense of free trade.
For the Indians, the sum was more than its parts: Obama dispelled fears here that he would go wobbly on key planks of the “strategic partnership” that his predecessor, President Bush, had struck with India.
“The most important thing was to keep momentum going under Bush,” says C. Raja Mohan, an Indian strategic analyst. “After Obama’s election, we had a lot of concerns.”
Those concerns included doubt about his commitment to Bush’s civilian nuclear pact, talk of a US push to resolve the Kashmir dispute, and an initial cozying up to China.
Obama furthered the promises of the civilian nuclear pact by lifting export controls on sensitive technologies. The US will also support India’s membership into four international export-control regimes governing nuclear and missile technologies, uranium, and armaments.
However, the pact’s commercial boon for the US nuclear power industry may be limited if India cannot resolve American business concerns over liability. Under a bill in Parliament, US suppliers could be sued for damages in the case of a nuclear accident, which is a departure from international norms. Obama appeared to win no concessions on this front.
On Kashmir, Obama agreed to stay out if that was India’s wish – despite the killing of more than 100 protesters by Indian forces this summer.
And on China, Obama said the US and India were both committed to “open and inclusive regional architecture,” meaning that they would involve themselves in East Asia to keep Beijing from claiming hegemony.
“It’s really both sides hedging against a possibility without having to commit themselves to containing China. That’s what both sides are committed to doing,” says Mr. Mohan.
Many of the actual deals were small change, including:
- US government technical help to predict the start of monsoons
- joint exploration of India’s shale gas resources
- vague talk of bringing an “evergreen revolution” to Indian agriculture
- help from the Centers of Disease Control in setting up a disease detection center
- energy cooperation, with the US and India each spending $ 25 million to research clean energy.
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Obama presses India to become global ‘champion’ of democracy – Christian Science Monitor
Last Updated on Monday, 8 November 2010 01:26 Written by admin Monday, 8 November 2010 01:26
Obama says India should have a permanent seat on the UN Security Council, but needs to use its growing global clout to boost democratic institutions.
As his trip to India winds down this week, President Obama offered to welcome India as a permanent member of the United Nations but suggested India needed to use its power globally to champion democratic institutions, not sovereignty for poor nations.
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“I look forward to a reformed United Nations Security Council that includes India as a permanent member,” Mr. Obama said to a joint session of India’s Parliament Monday, drawing applause from the MPs. But, “with increased power comes increased responsibility.”
The US has previously said it supports UN reform, but shied away from naming India as a candidate for permanent UN fixture. Part of that was due to the long line of American allies who are vying for permanent UN seats, including Germany and Japan. But it also reflected US wariness with the role India has traditionally played as a champion for Third World states that have felt hectored and exploited by international rules set up mostly by rich nations.
“For so long [Indians] have been knocking at the door of the great power club and finally they are on the threshold of the doorway, and now they don’t know what is involved,” says Sumit Ganguly, an Indian-American regional expert on sabbatical in New Delhi. “There are certain club rules and certain norms and expectations that that club has.”
India’s changing aspirations
India’s past role as a champion for autonomy and a critic of the world order fit a country that was both large – and largely powerless. In recent years, however, its positions have evolved partially as its wealth and aspirations have grown.
The change can be seen in the rhetoric of India’s naval strategists. India used to favor extending the maritime perimeters of coastal states. Strategists here now speak of “freedom of the seas” and view ocean lanes as “global commons” that must be defended by large powers for the benefit of international trade.
“Autonomy is for weak powers who are trying to insulate themselves for the regimen defined for them by the great powers,” said strategist C. Raja Mohan in a widely noted talk this summer in New Delhi. India’s rise now means that “Delhi’s task will be to contribute to the management of the international order and not seeking autonomy from it.”
Some Indian positions still rankle the US, says Dr. Ganguly, including India’s resistance to agricultural trade liberalization in the Doha Round and its arguments that developed nations should shoulder most of the restrictions on greenhouse-gas emissions.
What about nuclear proliferation and human rights?
While Obama did not highlight those disputes in the speech, he did lay out in broad terms some of the “responsibilities” – what US strategist Thomas Barnett calls “rule sets” – of powerful nations. These included nuclear nonproliferation, trade liberalization, counterterrorism, and human rights advocacy.
It was, to some surprise, the last responsibility – human rights – that Obama homed in on to chide India over its soft approach to the neighboring dictatorship of Burma (Myanmar).
“When peaceful democratic movements are suppressed as they have been in Burma, for example, then the democracies of the world cannot remain silent,” Obama said.
“If I can be frank, in international fora, India has often shied away from some of these issues. But speaking up for those who cannot do so for themselves is not interfering in the affairs of other countries … it’s giving meaning to the human rights that we say are universal,” he added.
Ganguly calls the Burma criticism a “cheap shot,” noting the US subsumes human rights for strategic considerations with China and Saudi Arabia. India’s Burma policy reflects fears of Chinese encirclement and Burma’s wealth of untapped natural resources.
A permanent Security Council seat for India is not imminent despite Obama’s encouragement. It is tied up in a decades-long debate on United Nations reform. Such changes will require full support of the Security Council and two-thirds support of the General Assembly.
“To get a two-thirds majority would be a hard job, [and] we expect that China would be totally against it,” says T.P. Sreenivasan, a former Indian ambassador to the UN.
The most serious discussions about adding seats envisions a second-tier of permanent members who do not have a veto. Ambassador Sreenivasan says that creates some debate in India as to whether a non-veto seat is worth it, as India would have to wade into all the world’s disputes without getting the benefit of self-protection from a veto.
GLOBAL ECONOMY-Obama fires back after China slates Fed’s QE2 – Reuters
Last Updated on Monday, 8 November 2010 04:04 Written by admin Monday, 8 November 2010 04:04
Mon Nov 8, 2010 4:57am EST
* Obama says U.S. low-growth or no-growth danger to world
* Obama says U.S. low-growth or no-growth danger to world
* China says U.S being irresponsible over QE
* Russia says G20 should have been consulted ahead of QE
* G20 meets in Seoul Nov. 11, 12
By Patricia Zengerle and Krittivas Mukherjee
NEW DELHI, Nov 8 (Reuters) – U.S. President Barack Obama
defended the Federal Reserve’s policy of printing dollars on
Monday during a trip to India, after Chinese officials stepped
up criticism ahead of this week’s Group of 20 meeting.
The G20 summit has been pitched as a chance for leaders of
the countries that account for 85 percent of world output to
prevent “currency wars” from spreading to become a rush to
protectionism that could imperil the global recovery.
It has been overshadowed by disagreements over the U.S.
Federal Reserve’s quantitative easing (QE) policy under which
it will print money to buy $ 600 billion of government bonds, a
move that could depress the dollar and cause a potentially
destabilising flow of money into emerging economies.
“I will say that the Fed’s mandate, my mandate, is to grow
our economy. And that’s not just good for the United States,
that’s good for the world as a whole,” Obama said.
“And the worst thing that could happen to the world
economy, not just ours, is if we end up being stuck with no
growth or very limited growth,” he said.
For more stories on G20 issues [ID:nTOE69K01G]
SCENARIOS-Can G20 make FX, trade progress [ID:nSGE6A703T]
– Surging capital inflows: r.reuters.com/hep83q
– G20 economies
(interactive):link.reuters.com/men39p Basel III:
reshaping the rules: r.reuters.com/zys68p
The U.S. has frequently criticised China, saying it
deliberately undervalues its currency to boost exports.