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Edukemy Gazette

Data and a new global order – The Hindu

Data and a new global order – The Hindu

Essence - Editorial is demystifying the role of data in new global order. The shift of global power from the Atlantic to the Indo-Pacific raises strategic questions for India like Is the world divided because of an assertive China, Should India take sides or bide its time as a neutral contender to both China and the U.S.

 

China’s digital technology-led capitalism is moving fast to utilise the economic potential of data, pushing the recently launched e-yuan and shaking the dollar-based settlement for global trade. India’s goal is to become a $5-trillion economy by 2025.While the country is fast-tracking its digital rupee, the challenge is promoting engagement with major powers while retaining its data for innovation and competitive advantage.

 

Why you should read this article?

  • To know about key factors responsible in shifting centre of gravity of global order from Atlantic to Indo-pacific region.
  • To understand the interconnection between Mobile digital payment, their impact on society and the international system.
  • To know about a comparative study of online transactions in India, China, and the United States, and its advantages.
  • To comprehend the trade-offs of fluid ties between major powers, as well as the premise of New Delhi's Indo-Pacific strategy.

Link - https://www.thehindu.com/opinion/op-ed/data-and-a-new-global-order/article34379479.ece

 

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