As US federal debt approaches $21 trillion in a matter of months, an eye-popping equivalent amount seems to have gone cumulatively missing from government coffers over the past two decades.
After the fall of the Berlin Wall and the collapse of the Soviet Union, the international system witnessed a number of transformations like globalization of trade exchanges, de-industrialization of the Western World and the rise of new powers like China, Brazil and even post-Soviet Russia.
South China Sea is one of the most important regions of the world, geopolitically, strategically and economically. With an annual trade of $5 trillionpassing through the busy water body, it is natural for countries to drool over its possession and/or to gain influence. Vietnam, Malaysia, Brunei and Philippines are some of the contestants.
The Russian Federation has already won the war in Syria and is therefore the hegemonic power throughout the Middle East. Despite tensions at the beginning of the Syrian conflicts, Russia has maintained excellent relations with Turkey, the Second Armed Force of NATO and the strategic key to the link between the Middle East and the Mediterranean.
“Control of the sea is the key to world dominance”. Alfred Thayer Mahan was very right while emphasizing on the importance of the maritime security. Future wars will be fought over sea as oceans cover 75% part of the earth and the remaining one third land mass depends heavily on the 75% percent water.
India has instituted the strategy of Military modernization of its forces to achieve the geo-strategic objectives. In this regard India Navy is considered as central force to full fill the strategic goals of India; to emerge as a major global Player.
In a rare challenging of Chinese commercial terms that underlie the country's ambitious Belt and Road initiative, Pakistan and Nepal have withdrawn from two dam-building deals. The withdrawal coincides with mounting questions in Pakistan, a crown jewel in Chinese geo-strategic ambition, about what some see as a neo-colonial effort to extract the country's resources.
Recently Turkey's President Tayyip Erdogan traveled to Qatar, which Ankara has supported in its dispute with powerful Gulf Arab neighbors as the key part of his shuttle diplomacy. Erdogan visited Doha, following trips to Russia and Kuwait. President Erdogan and Qatar Emir held the meeting of the third session of the Qatar-Turkey Supreme Strategic Committee at the Emiri Diwan.