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ID:
137612
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| Summary/Abstract |
The geopolitical game of the twenty-first century will be multilateral and multidimensional, placing great emphasis on political and commercial interests such as resources, markets, ecology, and finance than on military interests. This essay argues that the eastern Mediterranean as an area of geostrategic importance will continue to be vital to global geopolitics and that consigning it to the back burner is shortsighted. The three continents that meet at this crossroads account for almost 90 percent of the global population as well as over 60 percent of global gross domestic product.
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| 2 |
ID:
137685
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| Summary/Abstract |
This study investigates the possibility of improving the trade balance of Sri Lanka through currency depreciation. An error correction model (ECM) was used to examine the short-term and long-term effects of nominal and real effective exchange rate depreciation on the trade balance. While there is no long-run relationship between the real effective exchange rate and the trade balance, depreciation of the nominal effective exchange rate will lead to a deterioration of the trade balance in the long term. Further, the results indicate that there is a positive causality relationship from the real GDP to the trade balance. Conversely, growth in money supply will worsen the country’s trade balance in the long run. The empirical findings show that currency devaluation is not an effective policy tool to improve the country’s trade balance.
JEL Classification: F 140
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| 3 |
ID:
126431
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| Publication |
2012.
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| Summary/Abstract |
No issue concerning self-reliance in defence production and modernisation of the armed forces has been subjected to as intense a debate as the question of Foreign Direct Investment (FDI) in defence. As is to be expected, industrial entities have taken stands that suit their commercial interests. Whereas the Indian companies want the upper limit to be pegged at 49 per cent, foreign investors demand that their holding should not be less than 51 per cent. However, it is the attitude of the Ministry of Defence (MoD) that is a cause for concern. Being the main stakeholder, it should be welcoming foreign majors to establish manufacturing facilities in India. Instead, it has a taken a totally negative stand.
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