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Triangular relationship is a unique relation among three nations which is exclusive of the mutual relationship between any two nations of the three. According to Adelman (2001), the nations involved in triangle must have significant regional influence and any shift in the position by any nation can alter this balance of power. This essay talks about two such triangles in the wider Asia-Pacific region. The objective of this essay is to understand the interaction between the three sides and how it determines the balance of power in the region.   One such triangle exists between China, India and Pakistan. There is a mutual mistrust between India and China since the brief border war between the two nations in 1962. India and Pakistan share a more acrimonious relationship as they have fought four wars since they became independent in 1948. The relationship between China and Pakistan has been friendly for a long part of their histories. The triangu...

Thanks to the global financial crisis, the concept of global business is past. Businesses in our country should now focus on regional opportunities . Given the current economic environment, this essay aims to disseminate the arguments both for and against this statement. Since the day, liberalization and globalization came into being, doing business as in more than just the local country has been the trend. Local businesses have been fascinated of opening operations across the globe to benefit from the globalization. However, as the recent recession crept into one region, it spread to all the parts of the world due to this globalization only. Now, when the world has come out of the recession it is facing a tough challenge of growth momentum and it is here that this topic plays an important role. It does not always happen that a business flourishes just on the basis of regional opportunities (Hill, 2004). A balanced dependency on exports should also be...

There are various reasons given for militarisation by the countries – 1)        Some defend their acts by saying that they are preparing one’s country for the possible conflicts of the future. 2)       Still some people might like to defend the humongous spending done by the countries by suggesting that building these weapons leads to the economic welfare by bringing valuable foreign exchange reserves by selling the weapons to the other countries. Moreover, the weapons built indigenously also encourage social welfare in the following way – The private company in the country builds the weapons for which the company sets up the industry which in turn employs people of the country. The revenue generated by selling these weapons to the country will result in revenues for the company and the company can invest the amount in getting new technologies and further scale up the production processes which in...

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Science cannot start from nowhere and progress from there. There should be some base or belief which gives the initiation. For scientific community, such basis or initiation is provided by a set of shared beliefs. People may think that science always tries to explore something unknown . The fact is that Science researches what is already known. By exploring something unknown, scientists do not want to spoil their reputation of knowing all about the world. So research in Science is not about finding something new but it is only an effort to encapsulate nature into conceptual boxes devised by professional education. Kuhn opines that scientific community depends more on shared thought than on individual commitment to science to continue their scientific activity. These shared thoughts survive as long as they are not challenged and replaced by new ones. These new assumptions are called by Kuhn as ‘paradigms’. Kuhn opines that the concept of paradigm...

The conduct of Townsville in the present circumstances, whether or not amounts to economic duress has to be determined on various touchstones and parameters including the changing approach of the Australian Judiciary on the topic of economic duress because the judicial sensibilities have undergone a sea of change regarding the subject of economic duress. To develop a better understanding of the same, a very brief insight into the facts of the case is being submitted here. The agreement was entered into between the two parties when the market was very volatile and the price was fixed for a period of 24 months. For a delivery made in March, CML would receive payment in June.   A concession of three months was granted to Townsville for each shipment. It can be safely stated that the terms offered to Townsville were quite liberal and favourable to Townsville. After the decline in the free/spot market price of bauxite, it communicated to CML that ...