At a recent Asia Society event in New York, External Affairs Minister S. Jaishankar highlighted the growing concern over the declining respect for international rules, which he believes is leading to the emergence of new “choke points” in global affairs. These choke points are becoming evident in areas such as strategic waterways, financial systems, and market access, where countries are leveraging their influence in a highly competitive international environment.
Jaishankar specifically pointed to geographical choke points like the Strait of Hormuz and financial restrictions imposed through sanctions as examples of how nations are using their leverage. He also noted the use of travel and market-access restrictions by influential countries as a form of strategic maneuvering.
The minister elaborated on the increasing tension between competition and interdependence in international relations. While countries are vying for strategic and economic dominance, their economies and supply chains are becoming more intertwined. This interdependence complicates diplomatic efforts, as governments must navigate the fine line between pursuing competitive advantages and maintaining essential economic relationships.
Jaishankar emphasized that this dual nature of competition and interdependence is making international diplomacy more complex. Nations are faced with the challenge of managing strategic rivalries while sustaining economic and political ties, requiring a nuanced approach to foreign policy.