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In the aftermath of the 2020 US presidential election, where Donald Trump secured a second term, the world grappled with the implications for the global order. Among those analyzing the potential impact was India's External Affairs Minister, S Jaishankar, who shared his insights during a press briefing in Australia. Jaishankar, highlighting India's perspective, viewed the re-election of Trump as an opportunity rather than a threat.
Jaishankar identified four key aspects of India's outlook on the global landscape shaped by Trump's victory. Firstly, he acknowledged that the reordering of global supply chains, a trend already in motion, was likely to accelerate further. This presented India with a potential second chance to seize a role in manufacturing, having missed out on a similar opportunity in the 1990s and early 2000s. He cited the example of Apple's manufacturing operations as evidence of India's improving position in this sphere.
Secondly, Jaishankar predicted an increase in geopolitical hedging, suggesting that nations would seek to diversify their relationships to maintain stability in a more unpredictable world. This trend would likely lead to a more interconnected global network of partnerships, with India aiming to secure its place within this evolving geopolitical landscape.
The third aspect focused on the digital realm, which Jaishankar considered a critical area of focus. He pointed out that the digital domain, encompassing a wide range of products, services, and technologies, would face heightened scrutiny regarding trust and security. This shift would elevate the importance of digital payment platforms, with decisions about which platforms to utilize and with whom to share information becoming crucial.
Finally, Jaishankar addressed the issue of global mobility, highlighting the growing demographic unevenness of the world. He predicted that economies with high demand and limited talent pools would increasingly rely on talent from other regions. This would lead to a more integrated global workplace, though he recognized that immigration policies, even in a Trump-led United States, might create challenges. He advocated for the fostering of economically justified mobility for individuals and businesses.
Overall, Jaishankar's analysis painted a nuanced picture of India's approach to navigating the post-election global environment. While acknowledging potential disruptions, he emphasized India's preparedness to leverage emerging opportunities in areas such as manufacturing, digital technology, and global collaboration. His perspective underscores the complexity of the international landscape and the need for nations to adapt strategically to the evolving geopolitical realities.
Source: How Donald Trump's Win Will Affect Globalisation? S Jaishankar Explains