Page 2 - Globalisation
RBI panel suggests steps for globalisation of rupee, inclusion in IMF's SDR
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket. SDR is an international reserve asset created by the IMF to supplement the official reserves of its member countries. It is a potential claim on the freely usable currencies of IMF members. As such, SDRs can provide a country with liquidity. A basket of currencies defines the SDR: the US dollar, euro, Chinese yuan, Japanese yen, and the British pound. The Inter Departmental Group (IDG) headed by RBI executive director R S Ratho in its report said that internationalisation is a process rather than an event, with continuous efforts to build upon all the initiatives that have been taken in the past. Suggesting short-term measures, the panel said, there is a need to design a template and adopt a standardised approach for examining the proposals o
 "RBI panel suggests steps for globalisation of rupee, inclusion in IMF's SDR")
World trade data shows early signs of 'reglobalisation' across countries
The transformation that some are calling "reglobalization" will take years, and trade data is only beginning to offer clues about the scope of the changes, and who's winning and losing
 "World trade data shows early signs of 'reglobalisation' across countries")
How can Indian firms become strong?
Individuals and firms in India are being inhibited from the required engagement with globalisation
 "How can Indian firms become strong?")
India at helm, G20 eyes common plan on crypto risks: FM Nirmala Sitharaman
Sitharaman is currently visiting the US. Her visit started Tuesday, and she will be there for a week. She will be attending spring meetings and a G20 finance ministers' meeting
 "India at helm, G20 eyes common plan on crypto risks: FM Nirmala Sitharaman")
In defence of financial globalisation
The argument that a country can be an active participant in global trade but avoid financial globalisation is fundamentally faulty
 "In defence of financial globalisation")
Guru of globalisation
The Presidency of G20 should be used by India to argue for globalisation and a rules-based global economic order
 "Guru of globalisation")
Early globalisation and its discontents
"Globalisation," as we call it today, was never universally beneficial or beloved, and underneath it coursed a growing discontent
 "Early globalisation and its discontents")
Chexit, in parts: Reshoring, friend-shoring and billions of dollars in sops
Good or bad, India's current policy thrust on PLIs, capital subsidies, etc, is in line with the East Asian trend, if not global, notes T N Ninan
Need a globalisation which doesn't lead to climate or debt crisis: PM Modi
The Prime Minister made these comments in his opening remarks at the concluding session of the virtual "Voice of Global South" summit
 "Need a globalisation which doesn't lead to climate or debt crisis: PM Modi")
Globalisation in reverse gear: Opportunity for bold US-India partnership?
Globalisation was once thought to be an irrevocable, universal force promoting the greatest good for the greatest number of people. Today, that belief is under challenge
 "Globalisation in reverse gear: Opportunity for bold US-India partnership?")
India to establish Global South Centre of Excellence, says PM Modi
The prime minister said the summit has seen participation from more than 120 developing countries
 "India to establish Global South Centre of Excellence, says PM Modi")
How countries treat their ultra-rich
This is an important factor reshaping globalisation
 "How countries treat their ultra-rich")
Five questions for 2023
These questions will shape the world economy in the new year, and matter to India
 "Five questions for 2023")
Premature to declare death of globalisation; geopolitics transforming trade
A US-China trade war, a global pandemic, Brexit and Russia's war in Ukraine have rattled the once-entrenched ways that the world's largest economies trade with each other
 "Premature to declare death of globalisation; geopolitics transforming trade")
Working class politics: A global puzzle
The right wing's appeal to the working poor has to do with the fact that economic insecurity has often been intertwined with cultural insecurity, which the right is in a better position to exploit
 "Working class politics: A global puzzle")
Globalisation a must for action on climate change
Freer flow of goods, services, technologies, finance and people is essential to deal with the challenges of climate change
How should India respond to future shocks in an off-balance changed world?
The global engines of growth have become the sources of instability and uncertainty. T N Ninan explores what India should do
A dawn of third globalisation?
This could be an era where geo-political issues are a precondition for cross-border integration
 "A dawn of third globalisation?")
Links between infra & growth
It's hard to argue that infrastructure is now the binding constraint
 "Links between infra & growth")
Anti-globalisation to green energy: 5 shifts that will shape world economy
Opportunities will arise as the era of hyperglobalisation and cheap finance fades into the past