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PAKISTAN-A Plan Too Soon

to do business with India will first have to be ascertained. But there is up sign so far that China is dogmatically opposed to the idea, as she apparently is in the case of the US. At the moment, it is possible to proceed on the assumption that a business-like probe by India PAKISTAN A Plan Too Soon Mohammed Ayoob AS a pointer to the economic thinking of Pakistan's lading elite, Pakistan's budget for 1970-71, presented 'by Finance Minister 'Muzaffar Ali Qizilhush on June 29, is interesting. It also happens to be the budget for the first year of the Fourth Five-Year Plan launched on July 1. In what seems a cynical act, the Yahya "Khan administration decided to finalise and put through the Fourth Five-Year Plan now, though Pakistan is on the eve of its first-ever general elections. East Pakistani public opinion is, of course, overwhelmingly against this precipitate pushing through of the Plan by the ruling clique.

WEST GERMANY- Simply a Double Promotion

cal researches in which they are engaged may eventually prove useful to the countries concerned, established British scholars have not usually been able to break the habit of judging the praise

WESTERN EUROPE-Europe Stakes Its Claim in South Asian Studies

WESTERN EUROPE Europe Stakes Its Claim in South Asian Studies DURING the first half of July, no fewer than three quite separate multinational meetings on the study of India and adjoining countries were held in Western Europe. In the first two instances, the participants agreed to organise future sessions dealing with the same subjects in this same part of the world. In the third ease, that of the International Tamil Conference, European scholars were intimately involved in plans for further research and publishing on Indian topics as well as for subsequent seminars. To some degree, the assertion of Europe's claim to a place In the study of India, Pakistan and Ceylon can be seen as an answer to the American challenge, a refusal to sit back and allow the United States coolly to pre-empt humanistic and social sciences fields after having overtaken and surpassed the European countries in. many branches of science and technology.

VIENNA-Soviet Consolidation

VIENNA Soviet Consolidation THE year that has gone by has seen the consolidation of Soviet power within the socialist camp in Europe as well as in the West Asian Arab countries. At the same time, the Russians have maintained a useful dialogue with th- Americans on strategic arms limitation, and with the West Germans on a mutual, non-aggression treaty.

HONG KONG-Trade without Politics

HONG KONG Trade without Politics T J S George THE time seems ripe to consider whether the question of trade between India and China cannot be approached without reference to inhibiting political factors. This is not an original thought: the world's most powerful economies are today trading with China despite incessant hate campaigns on the political front. Some of them have vastly more pressing reasons to be wary of China, politically and militarily, than India has. But they have a good deal of common sense also.

KATHMANDU-Ring la the New

grants that they might otherwise get. There is a disregard for the needs of higher education. To starve universities of development funds by not providing matching grants is bad enough. But there are also denials of and delays in sanctioning even schemes which involve no financial commitment on the part of Government.

LONDON-Conservative Radicalism

Interregional disparity in per capita in- come. But to reassure the presently powerful Western wing, the Finance Minister has made it clear that East pakistan is not to be developed at the cost of west Pakistan.

LUXEMBOURG-The Emerging Ten

and 1968. The upward pressure remains intense, as in every other Western country, and for basically identical reasons. How could it be otherwise since hourly rates of wages have increased by 9 per cent in 1969, i e, at a pace 50 per cent more rapid than in the three years 1965 to 1967. Nobody hopes or expects to reduce the pace of wage in- creases since wages 'have been going up even faster in the United Kingdom, Italy, etc. ' Official optimism reflects itself in the stepping up of the estimated rate of growth for 1970 from four per cent last September to six per cent now. Even if it reaches five per cent onIy, after having increased by eight per cent in 1969. the achievement will have been impressive.

PARIS-A Reasonable Nation

Eastern Bloc is likely to provide the basis for the first significant break with "thr-post-War European reality" and so to remove the immediate alibi for the US military presence in Europe; the political need of the US presence could then be made negotiable under "equitable cost-benefit calculations". The same Ostpolitik is likely to give

Rehabilitation of the Cadres

be friendly both with Soviet Union and China without raising the suspicions of one or the other party. Should Washington .make its peace with Peking, Moscow can create difficulties at the disarmament talks and even on the Vietnam front. Disarmament talks, at the moment, are important for Washington. But, on the other hand, pressures are increasing in Congress for the Administration to come to some sort of understanding with China; these cannot be ignored. Nixon's headache is currently to find out How To Be Happy By Being Friendly to Two Enemies, He has to work this out.

BRUSSELS- EEC Towards Joint Planning

EEC : Towards Joint Planning? IT is bath amusing and instructive to read some of the economic forecasts made at the beginning of the year, when the student revolt in France was no more than a tiny black cloud on an otherwise clear and sunny horizon. In their quarterly survey of the economic situation in the Common Market (completed in mid-March) the Commission's experts claimed that given the French Government's plan to support business activity, which had been launched in January, "almost all the uncertainties which made it difficult to forecast general economic development (in France) in the coming months have now been eliminated". Output, they noted, "should continue to rise . . . stimulated both by the increasing amount spent by private consumers. . . and also by the stronger propensity to invest due to improved sates and profit expectations".

SINGAPORE- Meeting of Significance

LAST month, a three-day meeting of great interest to international business and South-East Asia was held here under the auspices of the Stanford Research Institute. The chairman of the meeting was Max Leuis. General Manager and Director of Fraser and Neave (Singapore) and the Prime Minister of Singapore was the guest of honour at dinner on the opening day. Yet, the meeting received little attention in the Singapore press and newspapers in other countries failed to take notice of it, maybe because the sessions were not open to the press and the hand-outs released by the organisers contained only some extracts from the papers read by a few delegates. These were not very exciting, nor were the discussions at the plenary session particularly stimulating. The meeting did not adopt any resolutions, A processed version of the discussions will be published by Stanford Research Institute at a later date.


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