Improved India-Vietnam relations are guided both by their common historical experiences and their mutual concerns in the post-cold war context. Both have suffered aggression from China in the past and had good relations with the former Soviet Union. In fact, India was the only non-communist country to recognize the unified Vietnam and, ever since, they have had a friendly relationship, one that has stood the test of time. However, in the post-cold war context the shadow of China looms large over this relationship.
Global Financial Crisis: Is there a Way Out?
President Bush will host the first ever financial summit of the G-20 on November 15, 2008 in Washington to discuss the current global financial crisis which threatens the economic and political stability through out the world. The crisis comes on the heels of an economic crisis in the global economy in the first half of 2008 which was characterised by a record level of oil prices, global food shortages, high inflation and rising inflation in most countries.