IDSA Comments


China’s ‘String of pearls’ in Space

A ‘pearl’ could be viewed as a sphere of influence seeded, secured and maintained through the use of economic, geopolitical, diplomatic or military means. The ‘string of pearls’ is about China’s unambiguous maritime strategy that investments in increasing its sea power. This is essentially a multi-pronged strategy that challenges dominant US interests in the Indian Ocean and sends a clear message to India that the Indian Ocean is not India’s ocean by increasing the dependence of the littoral states in the region on China.

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The Legacy of Hugo Chavez

Chavez’s significance lies in his attempts to liberalise the international monetary system with regard to credit support for poverty alleviation schemes in Latin America outside the ambit of the IMF by setting up the Caracas-based “Bank of the South”, which was lauded by eminent economists like Nobel laureate Joseph Stiglitz.

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