At the time of the Bharatiya Janata Party’s (BJP) victory in the April-May 2014 Lok Sabha election, we had pointed out  that there would be powerful constraints on the government’s ability to take key actions to stimulate the economy. These included:
It is always dangerous to be optimistic about sagacity and proportionality among the policy makers in Pakistan.
On May 18, the Wall Street Journal reported that U.S. prosecutors are in the process of investigating a number of high-up Venezuelan officials for their alleged involvement in turning Venezuela into a cocaine-trafficking and money-laundering hub.
Regional Overview: A Frustating Start to 2015 for the US
by Ralph A. Cossa and Brad Glosserman
Beijing’s recent economic initiatives with neighboring countries focus on the Asian Infrastructure Investment Bank (AIIB) and the Chinese Silk Road Fund.
2015 opened with high-level exchanges in preparation for the Strategic and Economic Dialogue, scheduled for early summer, and Xi Jinping’s state visit in September. The South China Sea remained a source of friction as evidence mounted that China is building military outposts on reefs in the Spratly Islands.
In the early months of 2015 Tokyo has stepped up its engagement with Southeast Asia. Increasingly concerned with tensions in the South China Sea and the potential for their spillover, Japan has worked with Vietnam and the Philippines to strengthen coast guard and naval capacity.
Given the drift and depths to which the US-India relationship has succumbed throughout much of 2013 and the early part of 2014, visits by the two heads of government in the span of a few months constituted something of a return to the same orbit, symbolized by the fact that the two countries’ Mars orbiters (Mangalyaan and Maven) had entered the planet’s orbit withi