Big Eco­nomic Turn­around

Southasia - - ON RECORD -

There’s a rea­son why Amer­ica is wary of China’s ac­tions; China hopes to be­come the next su­per­power in the com­ing few years, with an econ­omy that could eas­ily ri­val that of the U.S. This has led to the Amer­i­can gov­ern­ment scram­bling to take up any in­vest­ment project that could po­ten­tially give it an edge over the for­mi­da­ble Chi­nese econ­omy. How­ever, it seems to have lost out on an­other front in the form of the agree­ment be­tween the Mal­dives and China.

For a coun­try whose main source of rev­enue hap­pens to be its tourism in­dus­try, the Mal­di­vian gov­ern­ment has cut it­self a rather fair deal. This will en­able the coun­try to ben­e­fit in the form of ad­di­tional rev­enues as well as ac­cess to other coun­tries via the Mar­itime Silk Road (MSR) as high­lighted in the ar­ti­cle, ‘Wait­ing for a Tsunami’. Although this move can lead to both the Mal­dives and China step­ping on a few toes, I be­lieve it is the right move as it will ben­e­fit both coun­tries.

Leena Ro­drigues

The Mal­dives

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