Gwadar is located on the southwestern coast of Pakistan, on the Arabian Sea.The Gwadar Port was built on a turnkey basis by China and signifies an enlarging Chinese footprint in a critically important area. Opened in spring 2007 by then Pakistani military ruler General Pervez Musharraf, in the presence of Chinese Communications Minister Li Shenglin, Gwadar Port is now being expanded into a naval base with Chinese technical and financial assistance. Gwadar Port became operational in 2008, with the first ship to dock bringing 52000 tonnes of wheat from Canada. Minister of Ports and Shipping Sardar [...]
The phrase “too big to fail” has gained currency in the United States to describe large and troubled financial institutions since the beginning of the banking crisis last year. The characteristics of such institutions include their large size and huge impact on the rest of the US banking system and the global economy at large. Seen in the context of regional and global geopolitics, are there any parallels between the the large US banks and the Pakistani state? Let’s examine this proposition in a little more depth.
In terms of its size, Pakistan is one of the largest [...]