Lessons Learnt and exit strategy: What are the crucial lessons of the DABHOL power project for other strategic initiatives in India? How do you address the risk inherent in such enormous global projects? How do you immunize against such risks? If you are proposing a new project of this nature what other strategic‚ financial and regulatory initiatives would you recommend for such projects to succeed? The crucial lessons learnt from the DABHOL power project are: 1. The dependence on a single
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government and a clear distinction between the powers vested in the central government and those residing in the governments of the component regional subdivisions. i. Colony- A territory that is legally tied to a sovereign state rather than completely independent. j. City- state- A sovereign state comprising a city a city and its immediate hinterland k. Colonialism- Attempt by one country to establish settlements and to impose its political‚ economic‚ and cultural principles in another territory.
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confusion between clearing up the difference between a state and a nation‚ due to the fact that even though the state often holds the nation‚ a nation actually conveys people’s state of mind of emotions. A state just refers to a patch of a land with a sovereign government. A state does not necessarily rule a people with common culture; it is merely a political concept. We understand that a nation is more about the people within it and how they are all linked‚ however a state is just seen as a territorial
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“deep and pervasive control”‚ the government does not control the working/administration of Pink Chaddi so as to apply the “test of hand and limb” (i.e. no delegation of work from government). Pink Chaddi cannot be involved in discharging of some sovereign functions as it is completely involved in the manufacture of electrical parts for satellite. Hence Pink Chaddi cannot be an instrumentality or agency of the State. Also Pink Chaddi has been registered under the Companies Act of 1956. It does not
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respected specialists in this field and they have shared their thoughts on the issue. The idea of the modern state evolved in Europe over many years and Krasner‚ an eloquent defender of sovereignty‚ refuses to agree with observers that assert the Sovereign State is just about dead. Krasner argues that sovereignty is not as vibrant as other observers claimed. Thus‚ acknowledges that all states (particularly stronger states) are not immune to external influences. This however‚ does not mean states
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to as independence Differences between State and Government State - permanent Government - temporary State - cannot exist without a government State - an ideal person (legal / judicial) Government - an instrumentality of sovereign political unity Nation - a community of persons bound together by common characteristics: race / origin‚ language‚ religion‚ customs & traditions‚ & believe they are one & distinct from others. Differences between State and
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the realist theory used by Mearsheimer as well as America as the only regional hegemon‚ who have historically done everything in their power to prevent regional hegemons in other regions from forming to maintain their position as the most powerful sovereign
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by various appellate court precedents; for example‚ those stating that a person need not be informed of his right to refuse a search); people could also more freely move from one jurisdiction to another and make binding contracts with new sovereigns. Sovereigns would have an incentive to abide by the terms of their contracts in order to maintain a good reputation. To some extent‚ such a system already exists; the relations
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Has Globalization reinforced or undermined the legitimacy of the nation-state? Globalisation is a phenomenon that has been increasingly used in the lexicon since the latter half of the 1980’s‚ achieving widespread and common currency amongst politicians‚ political analysts‚ academics‚ economists‚ the media‚ business‚ trade and finance. The term has become synonymous with the “global village” concept‚ where nations and states are drawn closer together; where economic‚ political and cultural spheres
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leaked terms in TPPA by Greenpeace (2015) which suggests that multinational companies and major industries such as Big Pharma (Pharmaceutical company)‚ operating in North America‚ South America and Asia will be granted broad powers to challenge sovereign nation’s Government regulations‚ rules‚ actions and court rulings before tribunals organized under the World Bank or the United Nations. The system is called the “Investor-State Dispute Settlement” (ISDS) system.
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