Strategic Consequences of India’s Economic Performance

Strategic Consequences of India’s Economic Performance

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Author: Sanjaya Baru
Publisher: Academic Foundation
Year: 2006
Language: English
Pages: 496
ISBN/UPC (if available): 8171885586


The new turn in India's economic policies and performance in the last decade of the 20th Century; the success of Indian enterprise in the post-WTO world; the emergence of a confident professional middle-class; a demonstrated nuclear capability; and, the resilience of an open society and an open economy, in the face of multiple and complex challenges-these have all shaped India's response to the tectonic shifts in the global balance of power in the post-Cold War era. No economist has paid a closer attention to the strategic consequences of India's increasingly impressive economic performance than Sanjaya Baru.

In this collection of academic essays and newspaper columns, that experts and lay readers would find equally stimulating, Baru explores the business of diplomacy and the diplomacy of business in a rising India. The role of India's cultural and intellectual ‘soft power’ in shaping global perceptions of India are examined. The book offers a panoramic view of the geopolitics and the geoeconomics of India's recent rise as a free market democracy.


These are superbly crafted and insightful writings on economic and security issues. No one who wishes to follow India …. can afford to ignore this splendid collection. Buy, read, profit and enjoy.
-Jagdish Bhagwati, University Professor, Economics and Law, Columbia University, USA
and author of In Defense of Globalization

Sanjaya Baru is a vital voice in our public argument-shrewd, well informed and with the strategist's knack of seeing the implications of choices several moves in advance.Anyone interested in India's global role must read this book.
-Sunil Khilnani, School of Advanced International Studies, Johns Hopkins University, USA
and author of The Idea of India

This is an eloquent book, and a must-read for those of us in search of an inside-view of India's evolving strategic and economic role in a dynamic, fast-changing world.
-N R Narayana Murthy, Chairman and Chief Mentor,Infosys Technologies Ltd.

Sanjaya Baru is one of the bright lights of modern India. Before most others in journalism, academia, or politics, he was able to see the immense opportunities for India created by globalization and a new international atmosphere. In this fine collection of essays Baru analyzes these issues, which lie at the crossroads of economics, politics, and public policy. Free of old thinking and tired clichés, Baru writes clearly and convincingly. All that remains is that his countrymen be convinced.
-Fareed Zakaria, Editor, Newsweek International and author of The Future of Freedom

This compilation, to my knowledge, is the only one in India that provides deep insights into the complex interplay of global, Asian and national dimensions of economic, political and strategic policy.
-Y Venugopal Reddy, Governor, Reserve Bank of India

This is a most timely and unique volume on economic dimensions of India's foreign policy. No one could have done a better job of exploring this relatively uncharted territory than Dr Baru.
-Bimal Jalan, Member of Parliament (Rajya Sabha) and former Governor, Reserve Bank of India

Sanjaya Baru's writings remain a rare, yet exciting, contribution to an under-examined subject, namely the political economy of power. ...He has become a critical participant in actualizing India's emergence as a powerful state, while his work remains a marvelous reflection of the debates accompanying that process.
-Ashley Tellis, Carnegie Endowment for International Peace, Washington DC

India has emerged as a key participant in the global economy with important economic and security implications. The world outside India is only beginning to recognize this important development. The essays in this volume can serve as a guide to anyone seeking to have a better understanding of what is happening and what may happen in the future.
-Martin Feldstein, George F Baker Professor of Economics at Harvard University (USA);
President and CEO, National Bureau of Economic Research, Cambridge, Massachusetts, USA





The strategic consequences of India’s economic performance
The economic dimension of India’s foreign policy
Conceptualizing economic security
National security in an open economy
Stewing in our own juice
India and the world: Learning to walk on two legs
The economics of national security
The Bombay plea
Competitive advantage: Merit, markets and the middle class
The fruits of economic diplomacy
The Madrid impasses: India and G-9 stand up to be counted
Intimations of greatness: The challenge of realizing India’s potential
Diplomatic business: Trade and flag in today’s world
The strategic imperative
Brinkmanship blues: Memories of a near forgotten crisis
Economic sanctions in war on terror
Not an advisable advisory
Who wants charity?
Who is afraid of globalization?
Sizing up the competition
Doing our own thing
A Jaswant Singh doctrine on foreign aid
India launches FTA spree before Cancun
The business of foreign policy
Slower track WTO versus fast track FTAs
Foreign trade is also about imports
An open market and an open society
How Asian is India?
India and ASEAN: The emerging economic relationship towards a Bay of Bengal Community
The Asian economic crisis and India’s external economic relations
South Asian dialoque: Business of peace and security
Tackling trust, trade and terrorism
A win-win race in South Asia
South Asia can rise and shine together
Economic consequences of J & K elections
The business of other neighbours
IT and the e-Economy: The ballast for India-US relations
India, China and the Asian neighborhood: Issues in external trade and foreign policy
Mr Rao goes to Washington
Beyond nuclear policy: A wider perspective on signing CTBT
Who’s aftraid of Entities List?
Dotcom diaspora: World wide web of overseas Indians
Terms of engagement
Long and short of India-US relations
The big deal about no big deal
India and US: Out of the South Asia box
Putin Russia in perspective
G-8 Summit: Not just because it’s there
Business in command: China’s cultural counter-revolution
Manhattan of the East: Wandering and wondering in China
Pacific blues: the US-China face-off
The Chinese art of economic diplomacy
The New Great Game: APEC, ASEAN+3 and now JACIK, an alphabet soup in a changing Asia
Business beyond borders: India-China relations show the way for India-Pakistan Relations
An eagle’s eye on the dragon
Is India a paper tiger?
The coming of age of Korea Inc
State and market in foreign policy
The economic consequences of the Kargil conflict for India and Pakistan
Geography of business: Time, space and technology
Media multiplier: Soft power of India software
Widen that lens
An India of Narayana Murthy or Sudarshan?