Introduction The evolving trade relationship between India and the United States has entered a new phase with the announcement of an interim trade framework. Rather than a full-fledged Free Trade Agreement, this arrangement acts as a bridge toward a broader Bilateral Trade Agreement (BTA), aiming to resolve long-standing tariff disputes, improve market access, and strengthen…
Introduction Regional Financial Institutions (RFIs) play a vital role in shaping economic stability, promoting development, and supporting financial cooperation within specific geographic regions. Unlike global financial institutions such as the International Monetary Fund (IMF) or World Bank, RFIs focus on addressing the unique developmental needs of their member regions. Among the most significant RFIs are…
Introduction In the modern globalized world, international cooperation has become essential to address complex economic, political, and environmental challenges. Nations are interconnected through trade, finance, energy, and diplomacy. To promote stability, growth, and mutual understanding, several international organizations have emerged. Among these, the Group of Twenty (G20), Group of Eight (formerly G7), Organization of Petroleum…
Introduction The United Nations Conference on Trade and Development (UNCTAD) is a vital organ of the United Nations system established to promote the integration of developing countries into the world economy in a fair, balanced, and sustainable manner. Formed in 1964, UNCTAD has served as a permanent intergovernmental body focusing on issues of international trade,…
Introduction The end of the Second World War marked not only a turning point in political and military history but also in the evolution of the world’s economic system. The economic instability and depression that followed World War I had shown that uncoordinated monetary policies and trade rivalries could lead to global chaos. To avoid…
Introduction In the 21st century, the world is witnessing rapid transformations in global politics, economics, and security. The global order that once appeared relatively stable under post-Cold War liberal frameworks is being reshaped by shifting power dynamics, regional rivalries, technological revolutions, and ideological contests. Amid these changes, states are increasingly faced with the challenge of…
India and Nepal share deep historical, cultural, and geographical ties. However, their relationship has seen occasional strains due to various political, economic, and strategic issues. Some of the key irritants in Indo-Nepal bilateral relations include: 1. Border Disputes 2. Nepal’s Perception of Indian Interference Nepal often views India’s influence in its internal politics as interference….
Introduction The Abraham Accords, signed in 2020, marked a historic breakthrough in the geopolitics of West Asia (Middle East) by normalizing diplomatic relations between Israel and several Arab nations, including the United Arab Emirates (UAE), Bahrain, Morocco, and Sudan. These agreements, brokered by the United States, signaled a shift in regional alliances, economic cooperation, and…