Mentor’s comment-
- https://indianexpress.com/
article/opinion/columns/ building-on-common-ground- 7963518/ - In the intro, mention the launch of IPEF as US’s de facto foreign economic policy.
- In the body, mention the backdrop of the Ukraine crisis and fear of the US’s reduced focus on the Indo-Pacific region. In the next part mention that the IPEF is a framework or a starting point for these Indo-Pacific countries to regulate trade and commerce across four key pillars. Also mention that the IPEF signifies the first multilateral attempt to boost supply chain resilience to ease global inflationary pressures and mitigate the effects of future disruptions. In the challenges mention the clash with the domestic policies, impact on the domestic companies etc.
- The answer could be concluded by mentioning that IPEF represents the aspirations of the regions and could help transform it economically and help boost the security architecture of the region as well.
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Akshada
Decent attempt. But end the answer with a way forward and conclusion, otherwise it looks incomplete.
Introduction is fine, use of flowchart is good too.
Significance mentioned is fine, you can add that it envisages negotiating “high-standard” rules to govern the digital economy, climate mitigation, workers empowerment, equitable global tax, anti-money laundering and anti-bribery provisions plus it can emerge as an alternative economic paradigm that emphasises openness, flexibility, and integration.Try to use some of the keywords.
Challenges are fine too, however some more issues can be mentioned – it can impact the signatories on how they will regulate their domestic economies; will facilitate US MNCs’ access to Asian economies at the expense of domestic preferences; IPEF’s pillars could clash with and supersede the member countries’ policy preferences on such issues
(E.g- Proposed free and open data flows will impact India’s interest to regulate data for domestic purposes, India not open to sync its tax policies with the US Proposal of global tax standard to mitigate tax avoidance and evasion).
Next a way forward along with conclusion can be mentioned.
Keep practicing. 🙂
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Naveen
Nice attempt. Introduction is good, use of diagram is fine.
Significance mentioned is good, first point can be elaborated a bit more by talking about the challenges in supply chain resilience in recent times due to the pandemic and Russia-Ukraine war. Plus you can mention that it can work towards workers empowerment, equitable global tax, anti-money laundering and anti-bribery. Promote flexibility, openness and integration. Use some of these keywords. Other points are fine.
Challenges mentioned are good too, in last point you can give examples such as proposed free and open data flows will impact India’s interest to regulate data for domestic purposes, India not open to sync its tax policies with the US Proposal of global tax standard to mitigate tax avoidance and evasion. You can also mention that it might facilitate US MNCs’ access to Asian economies at the expense of domestic preferences.
Conclusion part is good.
Keep practicing. 🙂
4.5/10