I am taken back to the year 2000, when during the then American President Bill Clinton’s historic visit to India, I had started my seminar series called “The Great Indian Dream – India can beat America,” with a front page advertisement in leading dailies welcoming Clinton on the day of his arrival to India. The header of the ad said, “LAST DAYS OF AMERICAN SUPREMACY.” It has been seven years since then, and the time has come for people to realise the unfolding of the same in front of them and grasp the reasons behind the same. The time for the great power shift has come – the time for power to shift from the American hands to the Chinese, Indian and, dare I say, the Middle Eastern hands. As I wrote in my editorial two issues ago in The Sunday Indian magazine, on account of the cataclysmic losses that each of the US financial behemoths has been suffering, many of them have been incessantly bailed out by Middle Eastern petrodollars. So, while the investments of Kuwait Investment Authorit...
Dr. Arindam Chaudhuri
(An IIPM Think Tank Blog)