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ASPECTS OF CONTEMPORY POLITICS AND ECONOMY

Vol. 21 No. 2, SUMMER (APRIL-JUNE) 2017
    POWER MAXIMISATION AND STATE SECURITY

Shameer M details the historical experience of various countries and their security when they increased or restricted military power and compares the security levels of different states and their defence budgets. He concludes that the security of those that spend larger amounts on the military is usually lower than it is for those with smaller armed forces and analyses reasons for this paradoxical outcome.

Author: Shameer M
    THE ALLEGED USE OF CHEMICAL WEAPONS AGAINST THE SYRIAN PEOPLE: DOES IT JUSTIFY FORCEFUL INTERVENTION

The US continues to deliberate over the use of military force against Syria after its alleged use of chemical weapons against civilians. According to S Krishnan, as long as the UNSC does not agree to intervention, unilateral American action is not permissible under the UN Charter. Moreover, humanitarian intervention too is contested, as it is not defined by the charter, although some claim it is supported by the central objective to defend human rights and fundamental freedoms.

Author: S Krishnan
    THE PARTY SYSTEM IN POST-SOVIET RUSSIA: A CASE STUDY OF THE PARTY UNITED RUSSIA

Jay Chandra Akela describes the principles and features of the party based political system in Russia and analyses the historical process that transformed the country from a single partly polity within the Soviet Union into a multiparty democracy.

Author: Jay Chandra Akela
    HUMAN SECURITY IN AFRICA: BEYOND ARMOURY AND THE RHETORIC OF LAW

Olufemi Abifarin and Shittu A Bello explore the terrain of human security with a focus on Africa. They observe that election violence and the “sit tight” syndrome of African leaders have ravaged the continent and kept it backward and poor. According to them, an adherence to democracy, good governance and the rule of law is the only panacea for human security in Africa.

Author: Olufemi Abifarin and Shittu A Bello
    WHEN OVERFISHING LEADS TO TERRORISM: THE CASE OF SOMALIA

Samantha D Farquhar reviews the case of overfishing in Somalia, its fostering of piracy and explores the link between piracy and Al- Shabaab. While exposing the link between predatory economics and terrorism, she suggests that nationwide economic stability and peace could be furthered with the improved management and development of Somali marine resources.

Author: Samantha D Farquhar
    THE GLOBALISATION OF US CORPORATE LAW AND POLICIES

Hervé Juvin raises an alarm about the expanding hegemony of big business promoted by the US and transnational corporations. He highlights the threats to national sovereignty, cultural diversity and economic autonomy posed by the ruling US centric financial system.

Author: Hervé Juvin
    THE ECONOMICS OF ANTITRUST COMPETITION: AN INTERNATIONAL PERSPECTIVE

Sameera Saurabh traces the evolution of competition law in India, details the economic aspects of competition and anticompetitive behaviour and reviews the challenges of dealing with crossborder competition issues. 

Author: Sameera Saurabh
    THE ECONOMIC FOUNDATIONS OF INTERNATIONAL TRADE: THE CONTEXT OF THE WORLD TRADE ORGANISATION

The WTO was created in 1994 to promote free trade. According to MV Chandramathi, with the increase of global free trade, the WTO plays a crucial role in speeding up world economic activity. However, this must be done taking into account cultural, economic and social consequences, particularly with regard to vulnerable groups. 

Author: MV Chandramathi
    FOREIGN DIRECT INVESTMENT AND INDIAN EXPORT GROWTH: A CO-INTEGRATION ANALYSIS

Amit Saini, Pankaj Madan and SK Batra measure the effect of foreign direct investment inflow over export promotion using annual data series 1991–2012 and conclude that export increases many fold in the long run with foreign direct investment. However according to causality test reports this is a bi-directional relationship, which suggests that export and foreign direct investment are variables that mutually motivate one another.

Author: Amit Saini, Pankaj Madan and SK Batra
    INDIA’S REGIONAL TRADE AGREEMENTS WITH SOUTHEAST ASIA: AN ANALYSIS

Regional trade agreements have proliferated in the last few decades in various forms all over the world and now number in the hundreds. Saheli Bose analyses India’s RTAs with Southeast Asian nations and ASEAN. She concludes that as cooperation between nations deepens, it could bring nearer the ideal of Pan Asian integration.

Author: Saheli Bose
    “PETRODOLLARS”, JIHADISM AND DEMONETISATION: TERROR FINANCING POST-DEMONETISATION

Ghulam Rasool Dehlvi reviews the effects of the demonetisation process carried out by the Narendra Modi government in 2016 to wipe out black money and its use for terrorism. He points out that this bold operation has not resulted in the eradication of corruption and fraud nor in the end of terrorism, which has been able to adapt and revive despite the temporary setback. He concludes that demonetisation is not an effective measure against terrorism and the illicit economy.

Author: Ghulam Rasool Dehlvi