What doesn't get measured doesn't get managed. This is the sad story of environmental deterioration around the world, which has been religiously and rigorously measuring gross national product (GNP) to ascertain the growth of a nation. But, a tiny Himalayan country has deviated from such calculation of national progress. The Gross National Happiness (GNH), Bhutan's economic path to development, has been less talked about in mainstream economics.
A new Bank is added to the lexicon of world development finance. Rather than welcoming it, the merchants of poverty eradication propagate its unbecoming. Completely one-sided views have been floating since the announcement of the BRICS New Development Bank adopted in Brazil during the BRICS Sixth Summit. Even after a month-long soccer carnival, it is a shocker to the world.
A recent New York Times editorial (India’s Role in the Nuclear Races) has recommended that the issue of India’s entry into the Nuclear Suppliers Group (NSG) be restricted till India “proves itself willing to take a leading role in halting the spread of the world’s most lethal weapons.” The editorial has premised India’s NSG membership upon fulfilling three conditions: Signing the Comprehensive Test Ban Treaty (CTBT), halting production of fissile material and initiating negotiations with China and Pakistan to contain the nuclear arms race.
On May 16, 2014, India, the world’s biggest democracy and Asia’s rapidly rising power, announced the results of history’s longest and biggest multiparty democratic elections.
The existing bilateral ties between Myanmar and India can grow much deeper provided they are calibrated in a manner that is beneficial to both countries. Energy and infrastructure could be the bedrock for such a strong relationship.