ITS 201- Exam #3 Book Notes

ITS 201- Exam #3 Book Notes - IndiasRise,AmericasInterest...

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India’s Rise, America’s Interest 06/04/2011 08:12:00 The Fate of the US-Indian Partnership In 1991, India pursued policies of economic liberalization that opened the  country to foreign investment and yielded rapid growth The United States, in turn, has developed a growing stake in continued Indian  reform and success--especially as they contribute to global growth, promote  market-based economic policies, help secure the global commons, and  maintain a mutually favorable balance of power in Asia. A Transformed Relationship Both countries can pursue an enduring partnership because they do not face  any of the three principal obstacles that constrained U.S.-Indian cooperation  in the past:  o Cold War politics India and the Soviet Union signed a treaty in 1971, but once the  Soviet Union failed changes were made India began to reassess its priorities, and opportunities emerged  for greater cooperation with the United States. o A stagnant commercial relationship  Now: Annual two-way trade more than doubled between 2004  and 2008, from just under $30 billion to $66 billion. o Disagreements over India's nuclear program. After India's subsequent  nuclear tests, in 1998, the United  States cut off direct foreign assistance, commercial export  credits, and certain technology transfers. Now: the United States and India coordinated more closely than  ever before on their diplomatic and political strategies. Problems: o First, India needs to bolster its emergence as a major power--not least  by sustaining high rates of economic growth. This will require India to  further open its economy to competition and investment and advance  ongoing reforms aimed at relieving inequality, expanding the middle  class, and strengthening the country's physical infrastructure. o Second, India's emerging global influence will be sustainable only if  India develops new doctrines and diplomatic capacities.
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o Third, the United States needs to be sensitive to Indian concerns in a  number of areas that directly affect Indian interests. Ex) Relationships  with Pakistan and China India’s Pivotal Transformation The most consequential factor of all may be whether India grows  economically and integrates further with the world's other major economies The government's top priority is to restore the nine percent annual growth rate  that India enjoyed before the recent global economic crisis. To win votes and broaden public support for growth-inducing reforms, India's 
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ITS 201- Exam #3 Book Notes - IndiasRise,AmericasInterest...

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