Research
- +16
Stewart Patrick, Erica Hogan, Oliver Stuenkel, …
{
"authors": [
"Trinh Nguyen"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "asia",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "AP",
"programs": [
"Asia"
],
"projects": [],
"regions": [
"South Asia",
"India",
"Southeast Asia",
"Indonesia"
],
"topics": [
"Economy",
"Trade"
]
}
Source: Getty
In The Media
India and Indonesia Can Be Big Winners From Global Trade War
The potential is clear for both India and Indonesia to transform their demographic booms into engines of domestic demand while positioning themselves as alternatives to China for labor-intensive manufacturing.
By Trinh Nguyen
Published on Sep 25, 2019
Source: Financial Times
At last, long-suffering investors in India’s economy have something to cheer about. On Friday, the country announced steep corporate tax cuts, sending the value of its main stock index up 6 per cent in dollar terms on the day and another 3 per cent on Monday.
The tax cut is significant, with the rate for manufacturing now on a par with low-rate jurisdictions such as Singapore. The message is that India is open to business, and that it aims not just to assuage investors’ concerns but to set a new path for growth. India’s prime minister Narendra Modi has been meeting investors and Indian diaspora on a US tour this week to make sure the message gets through.
It is about time. In a low-growth world, India and its regional neighbour Indonesia became investor favourites, boasting a combination that the developed world lacks: large populations and favourable demographic trends...
This article was originally published in the Financial Times.
About the Author
Trinh Nguyen
Former Nonresident Scholar, Asia Program
Trinh Nguyen was a nonresident scholar in the Asia Program at the Carnegie Endowment for International Peace.
- BRICS Expansion and the Future of World Order: Perspectives from Member States, Partners, and Aspirants
- Indonesia’s Controversial Fuel Price Hike Was Actually NecessaryCommentary
Trinh Nguyen
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Endowment for International Peace
- From Hormuz to the Maghreb: The Geopolitical Reach of a Gulf CrisisArticle
Morocco and Algeria, each in its own way, are having to navigate the global economic fallout of the U.S.-Israeli military campaign against Iran.
Yasmine Zarhloule
- Network and Structural Power: The Four Trend Lines Weakening U.S. LeveragePaper
Networks—from international payments platforms to key economic sectors—underlie many aspects of U.S. power. But they are suffering under an extractive approach to foreign policy.
Daniel W. Drezner
- Inside the Swap Mart: How Thailand’s Domestic Digital Repression Enables Transnational RepressionArticle
Thailand is no longer safe for regional activists; neither are Cambodia, Laos, or Vietnam for Thai dissidents who had typically sought refuge in those countries.
Janjira Sombatpoonsiri
- Threading the Needle: India’s Path Forward with ChinaPaper
After the chill in ties between 2020 and 2024 that brought India–China relations to their lowest point in several decades, the two countries have engaged each other afresh. This paper argues that there are predominantly four imperatives guiding India’s approach to China, and they exist in an order of priority.
Saheb Singh Chadha
- In the Middle East and North Africa, America and China Converge More Than They DivergeArticle
Middle powers in the region will keep hedging between Washington and Beijing. It’s in the great powers’ interests to play along.
Amr Hamzawy, Kathryn Selfe
