Book Description

The world into which India wakes is a nightmare decimated by a global recession, caused by the coronavirus pandemic originating in China and engulfing most of the world. Was the coronavirus a Black Swan event turned into an opportunity by China to dominate the world? Would the trust deficit heightened by China's ambushing Indian soldiers become a snowball or fade away? Has the US$ 5 trillion Indian economy dream become a mirage already? What all would fall into the fault lines of socio-economic inequality?Will there be a new Cold War between the United States and China, and if there is one, how can India avoid becoming collateral damage? Is it possible that the United States, India, and China build a new world order based on mutual needs and interests, or is a hegemon power already on the prowl? Anchored in hope, rather than adding to anxiety, and seeing present times as a teachable moment of human history, the book recalls the past and contextualizes it for the next politico-economic shift that is currently unfolding in the world. Every nation must find its bearing and position itself in the matrix of a de-globalized world.Historians may conclude that 2020 marked the end of the post-World War II era. This majestic work analyzes the post coronavirus world order and India's role in it. Will India pursue a regional strategy that can contain a resurgent China? What are the regional and global implications of India's turn to greater nationalism under the BJP? Has the United States lost its place as the indispensable superpower? What new trade alliances and trade patterns may arise? These issues and more are addressed by authors, who possess extraordinary credentials as students of these troubled times. I recommend this book highly, the first major study to consider the fate of the triad-India, China, and the United States-in the post coronavirus new world order.- Stuart S. Malawer, J.D., Ph.D., Distinguished Service Professor of Law and International Trade at George Mason University. Delegate on various Virginia gubernatorial trade delegations to India.India wakes in a world that is emerging from the Covid-19 pandemic.The authors demonstrate how this disaster has accelerated trends already under way, including de-globalization, the rise of populist authoritarian leaders, and intensifying rivalry between China and the United States. They argue that India should take advantage of the opportunity that U.S. decoupling from China will provide, including supply chain movement away from China and into India. This sweeping, clearly written, and riveting magisterial study of India's role in the new world order is a must-read for students of the relationship between India, China, and the United States.- Richard W. Rahn, Ph.D., honorary Doctor of Laws, American economist, columnist, and entrepreneur. Current Chairman of Improbable Success Productions and the Institute for Global Economic Growth.