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Jaimini Bhagwati: Economic & strategic interdependence

India needs to collaborate more intensely with the West and not get side-tracked by the latter's rivalry with China or other peripheral issues

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Strategic Interdependence

Jaimini Bhagwati 

Jaimini Bhagwati

The US is still the world's largest economy in hard currency terms and retains a considerable lead over Russia and China in military and conventional technologies. At times, commentaries on bilateral and multilateral relations dwell upon political-strategic interdependence without factoring in economic realities adequately. This article points to trade and investment linkages between India, USA, Japan, the Association of South-East Asian Nations (Asean) and China and suggests that these economic aspects should be taken more explicitly into account.

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First Published: Wed, June 15 2016. 21:50 IST
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