Abstract
The advent of emerging markets would require diplomats to devise new strategies of transnational trade and private foreign investment, an unchartered field for them. These economies have their own characteristics too. No preconceived ideas on the part of diplomats will do—it should be regarded as a challenge for diplomats. The challenging factors have been identified in the country-profile of these markets. It would be unwise of them to disregard these markets from a commercial standpoint. A difficult question the diplomats would be required to resolve is whether emerging economies should be westernised or modernised.
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Notes
- 1.
The information is derived exclusively from the World Development Indicators published by the World Bank Group 2013 and a further Report from the World Bank which covered up to the year 2015. Some of the important statements have also been reproduced from the Indicators in order not to distort them.
- 2.
The information is derived exclusively from the World Development Indicators published by the World Bank Group 2013 and a further Report from the World Bank which covered up to the year 2015. Some of the important statements have also been reproduced from the Indicators in order not to distort them.
- 3.
The information is derived exclusively from the World Development Indicators published by the World Bank Group 2013 and a further Report from the World Bank which covered up to the year 2015. Some of the important statements have also been reproduced from the Indicators in order not to distort them.
- 4.
According to the World Development Indicators, about 10 million people move to towns and cities each year in search of jobs and opportunities.
- 5.
According to the World Development Indicators, about 53 million people came out of poverty level between 2005 and 2010.
- 6.
For the financial contribution and financial assistance provided by the World Bank Group to India on various projects, see World Development Indicators, relating to India (2013) published by the World Bank.
- 7.
See for example, R Floud, The People and the British Economy, 1830–1914, Oxford, Oxford University Press (1997).
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Chapter 8.
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V Cable, The Storm: The World Economic Crisis & What It Means, London, Atlantic Books (2010) at 94.
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V Cable, ibid.
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A Maddison, Monitoring the World Economy 1820–1992, OECD Development Centre (1995).
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V Cable, ibid.
- 13.
In this context, see also views of V Cable in China and India: The New Giants, London, The Royal Institute of International Affairs (1996); see also Martin Jacques, When China Rules the World, London, Allen Lane (2009), and R Kaplinsky, Globalisation, Poverty and Inequality, England, Polity Press (2005).
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Capacity Building in Africa: An OED Evaluation of World Bank Support, Washington, DC, The World Bank (2005) at IX.
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T R Leinbach, “The Spread of Modernisation in Malaya: 1895–1969” in Tijdschrift voor Economische en Sociale Geografie (1972) 262–277.
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B S Hoyle, “African Socialism and Urban Development: The Relocation of the Tanzanian Capital” in Tijdschrift voor Economische en Sociale Geografie (1979) 207–216.
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O Mehmet, Westernizing the Third World, London, Routledge (1995) and by the same author, Westernizing the Third World, second edition, London, Routledge (1999).
- 23.
See further S K Chatterjee, “International Law of Development”, 9 Encyclopaedia of Public International Law, Max Planck Institute for Comparative Public Law and International Law, 198.
- 24.
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- 25.
Texts of such treaties are available in UN Treaty Series.
- 26.
The text of the treaty has been reproduced in the UN Treaty Series (1998) at 460. This treaty came into force on 2 March 1996.
- 27.
The text of the treaty has been reproduced in the UN Treaty Series (1998) at 204. This treaty came into force on 1 August 1997.
- 28.
The text of the treaty has been reproduced in the UN Treaty Series (1998) at 446. This treaty came into force on 25 September 1996.
- 29.
See UN General Assembly Resolution entitled Permanent Sovereignty over Natural Resources 1962, UNGA Res 1803 (XVII) paragraph 4.
- 30.
For a basic discussion of MIGA see S K Chatterjee, “The Convention Establishing the Multilateral Investment Guarantee Agency”, 36 International and Comparative Law Quarterly (1987) 76.
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Chatterjee, C. (2020). Emerging Markets and Diplomacy. In: Economic Diplomacy and Foreign Policy-making. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-49047-8_6
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