Originally published in American Purpose.
By Dhruva Jaishankar
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.
Originally published in, "What to Expect from International Relations in 2021" by orfonline.org
By Dhruva Jaishankar
By Dhruva Jaishankar
Shared concerns about China's rise have propelled Australia and India to deepen their security ties
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