Comprehensive News Analysis 26-10-2021

By BYJU'S IAS|Updated : October 26th, 2021

Comprehensive News Analysis covers all the important articles and editorials of 'The Hindu' from the UPSC/IAS examination point of view.

Category: ENVIRONMENT 

1. CO2 emissions in 2020 above decadal average

Reference:

UPSC Exam Comprehensive News Analysis 25th Oct 2021

Category: SECURITY 

1. BSF jurisdiction: parties in Punjab oppose Centre’s decision

Reference:

UPSC Exam Comprehensive News Analysis of 17th Oct 2021

2. A ‘bubbles of trust’ approach

Background:

Rise of China and its consequences:

  • China has been able to grow economically due to ongoing globalization. Chinese firms have been able to secure significant market shares in open economies.

  • However there has been a marked asymmetric globalisation being observed. The Chinese market has not been open to foreign companies in the way foreign markets are to Chinese firms.

  • The asymmetric globalisation favouring China allowed Beijing to attain power. It is now using that power to undermine liberal democratic values around the world.

  • In such a scenario, there have been calls for a global retreat from the free movement of goods, services, capital, people and ideas.

Concept of bubbles of trust:

  • The popular backlash against China is pushing many governments towards policies of self-reliance.

  • Though the reorienting and de-risking of global supply chains is welcome, pursuing technological sovereignty could be inherently self-defeating as collective efforts could be more effective in harnessing critical and emerging technologies. Complementarities in capabilities can power innovation and growth.

  • The article proposes a bubbles of trust approach.

  • The idea of ‘bubbles of trust’ offers a middle path between the extremes of technological sovereignty and laissez-faire globalisation. Unlike trading blocs, which tend to be insular, bubbles tend to expand organically, attracting new partners that share values, interests and economic complementarities.

Quad’s role:

  • The Quad countries – Japan, India, Australia and the U.S.– with their convergence of values and geopolitical interests are uniquely placed to envelop their economies inside bubbles of trust.

    • The U.S. is a global leader in intellectual property, Japan in high-value manufacturing, Australia in advanced niches such as quantum computing and cyber security, and India in human capital. This configuration of values, interests and complementary capabilities offers huge opportunities.

  • The Quad countries will have to create a new form of economic cooperation based on the bubbles of trust approach.

  • The Quad’s Critical and Emerging Technology Working Group is well placed to develop the necessary ‘bubbles of trust’ framework, which could be adopted at the next Quad summit. The Working Group must seek to strengthen geopolitical convergences, increase faith in each member state’s judicial systems, deepen economic ties and boost trust in one another’s citizens.The Quad should not allow differences of approach on privacy, data governance and the digital economy to widen.

  • The focus should not be on substituting China. Rather, rather it should be based on the Quad countries managing their dependencies on China while simultaneously developing a new vision for the global economy.

Conclusion:

  • Every measure need to be taken to address the skewed globalization pattern and its negative consequences.

  • The bubbles of trust offers a middle path between the extremes of technological sovereignty and laissez-faire globalisation and hence there is the need to promote it.

Category: GOVERNANCE 

1. A reminder that India still trails in the hunger fight

The recently released Global Hunger Index has ranked India at 101 out of 116 countries, with the country falling in the category of having a ‘serious’ hunger situation.  The Indian government has expressed strong reservations over the process and parameters employed in the formulation of the GHI.

This issue has been covered previously in the following article:

UPSC Exam Comprehensive News Analysis of 18th Oct 2021

F. Prelims Facts 

1. Thespian Rajinikanth given Dadasaheb Phalke Award

  • The Dadasaheb Phalke Awards is the highest award in cinema.

  • It is annually presented at the National Film Awards ceremony by the Directorate of Film Festivals.

  • The award is named after Dhundiraj Govind Phalke, popularly known as Dadasaheb Phalke.

  • Dadasaheb Phalke is regarded as the ‘father of Indian cinema’.

Context

  • Vice President M Venkaiah Naidu presented the Dadasaheb Phalke Award to film actor Rajinikanth

G. Tidbits

Nothing here for today!!!

UPSC Mains Practice Questions

 
  1. Examine the conflict between the two competing rights — freedom to protest and the right to free movement of the public. Apply this debate specifically to the ongoing farmers’ protests against farm laws and evaluate. (15 marks, 250 words)[GS-2, Polity]

  2. The failure to resolve the fishermen’s dispute is hurting India – Sri Lanka relations. Elucidate. (15 marks, 250 words)[GS-2, International Relations]

 

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