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Will China collapse for lack of inclusive institutions?

33 1 4
03.08.2020

In his book ‘The Age of the Economist’, Daniel R. Fusfeld tells how economics governs our life today. In today’s market or quasi-market economies, no country can live in economic isolation (sakoku). India, USA and their satellite’ are trying to isolate China in economic field. Already, they have hung isolationist Financial-Action-Task-Force Sword of Damocles over China’s all-weather ally Pakistan’s head.

India’s defence purchases

Through its economic relations and defence purchases, India scuttled Pakistan’s effort to draw the world’s attention to Kashmiris in prison. India’s defence ministry approved purchase proposals amounting to an estimated Rs 38,900 crore. Heretofore is a bird’s-eye view of her shopping itinerary.

Procurement of 36 Rafales and 12 Su-30 MKI aircraft and 21 MiG-29. Upgrading Indian Air Force’s existing MiG-29 aircraft. The MiG-29 procurement and upgradation from Russia will cost Rs. 7,418 crore. Producing the Su-30 MKI at the Hindustan Aeronautics Limited will cost Rs. 10,730 crores.

India and Sri Lanka underhand operations

In Sri Lanka, India, through its underhand machinations, managed to remove Mahinda Rajapaksa from office in 2015. Rajapakse had leased out strategic Hambantota port to China and allowed docking Chinese submarines in Sri Lanka. Now Sri Lanka has handed over control of Humbantota to India. India gave Sri Lanka $45.27 million aid to develop KKS harbour (Jan 12, 2018).

India extended 2.1-billion Nepalese Rupee (NR) aid to Nepal as reimbursement of the first tranche of housing support to 42,086 governments of India- supported beneficiaries in Nuwakot and Gorkha districts. It pledged Nepal US $1 billion aid and soft loan (25%) for Nepal’s post-earthquake. India bears pension liability of Gorkhas equivalent to Nepal’s annual budget.

But, offended at the occupation of Kala Pani territory by India, Nepal enacted law to affirm its territorial sovereignty. Nepalese prime minister Oli is tottering because of India’s underhand effort to topple him.

Read More: India’s show of power to China: new ‘Fighter Jets’ from France

India’s help to Bhutan

India has no border at Doklam with China, yet it, like a super power, jumped in at Bhutan’s request’ to stop China from constructing a road there. It pledged to contribute Rs 4,500 crore to Bhutan’s twelfth five-year plan (2018 to 2023). It completed Mangdhechu Hydroelectric project and Ground Earth Station for South Asia Satellite and launch of RuPay card in Bhutan.

Besides, it committed assistance of Rs 4,500 crore for implementation of development projects and Rs 400 crore for transitional Trade Support Facility during Bhutan’s 12th Five Year Plan (2018 –........

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