By Udaibir Das
What began as a spread on a bond has become a spread across the sovereign balance sheet. The 2025 annual meetings have made clear that incremental adjustments will not suffice. Until new institutions and norms emerge, sovereigns will continue to pay in basis points and in ownership and discover that what the premium buys is not sovereignty, but postponement.
Background Paper No. 35
By Udaibir Das and Hansika Nath
By Udaibir Das
In a climate emergency, redundancy might be precisely what resilience requires. The sovereignty premium is that insurance price. Whether it’s worth paying depends on how much autonomy matters versus efficiency – and whether choice exists at all.
By Hsiao-Chen Lin
By pointing out that even Beijing engages with Taipei in similar domains, New Delhi exposed the overreach in China’s narrative. The line was sharply drawn; recognition does not equate to subordination.
By Hsiao-Chen Lin
The evolving scenario between India and Pakistan also serves as a timely analytical lens through which Taiwan can assess its own strategic vulnerabilities and prepare more robustly for future contingencies in the Indo-Pacific theatre.
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