For India, the US Can’t Bog Down in Persian Gulf
India’s rise will be challenging and unlike China’s rise. China was fortunate to have a favorable international situation that catapulted its economic rise beginning with collapse of the erstwhile Soviet Union, what some scholars prematurely called, the end of history. A liberal world order, for the first time, became a possibility within a unipolar structure of world order. According to Professor Mearsheimer a liberal world order, an ideological order, is possible only within a unipolar structure of world order. The US backed by its political capital and economic power created the postwar liberal international order, encouraged by free trade, unrestricted capital movement and cross-border movement of people. Furthermore, this US-led international liberal order was centered on global capitalism and liberal democracy as its governing principle. The bonhomie between global capitalism and liberal democracy began falling apart in 1970’s due the inherent nature of global capitalism and also capitalism in general.…
