In this episode of Beyond the Headlines, Mohamed Zeeshan spoke with Kishore Mahbubani, former Singaporean ambassador to the United Nations. Mahbubani spoke about the role of the Quad, the new AUKUS deal, the ASEAN's fears and suspicions, India's strengths and opportunities, and much more.
Posts tagged as “trade”
The working middle class in the West faced difficulties due to globalisation. But unlike in the West, the rise of right-wing populism in India does not have an economic rationale. Instead, it actively sabotages the economic openness which has worked well for India in the past.
The basic principle of trade is that a country exports in sectors where it has a comparative advantage while importing in sectors where it does not. But in the Indian economy, only a minority of the workforce is engaged in activities where India is competitive.