The world’s eyes are riveted on Syria this week, as the United
States, France and perhaps a few others organize plans to punish a
bloodstained government for its use of chemical weapons against its own
people. It’s a story that has everything: the prospect of violence, the
political agony of an embattled White House, David Cameron’s loss of
grip, and perplexing questions about right and wrong. For liberal
internationalists, few international laws are more important than those
that ban the use of WMD against civilians; on the other hand, when the
political patrons of a war criminal block action at the UN Security
Council, liberal internationalists must choose between their highest
values and their most cherished institution.
That’s why the Syria story is dominating the news this week, and like the rest of the world, VM has been following it closely. But another story that is getting less attention is much more important for the future of the world: the economic crisis in India represents a much more fateful moment in world politics than anything happening in Syria.
What’s so important about India’s economic problems? It’s more what they tell us about the state of the country than the severity of the problems themselves. The stock market jitters, the currency crash, the GDP slowdown and the government deficit aren’t enough in themselves to sink India. All economies go through rough patches every now and then, but the question isn’t about a downturn. The question is whether the Indian political system has what it takes to get the economy back on track.
http://blogs.the-american-interest.com/wrm/2013/08/31/why-syria-isnt-the-big-story-this-week/
That’s why the Syria story is dominating the news this week, and like the rest of the world, VM has been following it closely. But another story that is getting less attention is much more important for the future of the world: the economic crisis in India represents a much more fateful moment in world politics than anything happening in Syria.
What’s so important about India’s economic problems? It’s more what they tell us about the state of the country than the severity of the problems themselves. The stock market jitters, the currency crash, the GDP slowdown and the government deficit aren’t enough in themselves to sink India. All economies go through rough patches every now and then, but the question isn’t about a downturn. The question is whether the Indian political system has what it takes to get the economy back on track.
http://blogs.the-american-interest.com/wrm/2013/08/31/why-syria-isnt-the-big-story-this-week/
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