AIDIA Youth Engagement Series
“The Changing Context of International Relations in the 21st Century: A discussion”
Apollo International College, Kathmandu, 31st May 2016
Prof. Dr. Sreeram Sundar Chaulia discusses about the relation of Business, Diplomacy and International Affairs and also introduced about the diverse courses of O.P. Jindal Global University.
Asian Institute of Diplomacy and International Affairs (AIDIA)
Apollo International College, New Baneshwor, Kathmandu
A part of AIDIA’s Student Engagement Series
Report Prepared by:
Mr Sakar Aryal
Asian Institute of Diplomacy and International Affairs (AIDIA)
A report on guest lecture on Business-Diplomacy and International Relations by Prof. Dr. Sreeram Sundar Chaulia
The guest lecture on ‘Business-Diplomacy and International Relations’ was successfully organized by AIDIA in association with Apollo International College on May 30, 2016 at the premises of Apollo International College, New Baneshwor, Kathmandu which witnessed an enthusiastic response and participation from the students of final year (7th semester), BBA. The relation between Business-Diplomacy and International Affairs is one of the heated topic in the business world today and AIDIA felt that it would be very fruitful topic to be discussed with the final year students which will help to understand not only the current affairs but also to pursue their career in the international arena. The speaker for the program was Prof. Dr. Sreeram Sundar Chaulia, Professor and Dean, O.P. Jindal Global University, Delhi NCR, New Delhi, India.
The session began with Mr. Narendra Bista (Team Member, AIDIA) providing some brainstorming ideas on Diplomacy and International Affairs. He then provided some basic knowledge on diplomacy and introduced AIDIA and Dr. Sreeram Chaulia and welcomed him on the stage. Dr. Chaulia began his lecture by quoting important things on Business- Diplomacy and International Affairs.
Dr. Chaulia initiated the session by introducing specifically about business, diplomacy, international relations and their relative importance. He then focused on the current International Issues as why the price of petroleum products has gone down and why the middle-east countries are now afraid and finding very difficult to sustain their economy. USA also started selling petroleum products which has created havoc in the middle-east economy during the past two years. The price of oil per barrel is now $35 so the middle-east countries are not able to export in this price and are losing their market place. Similarly, he also said that middle-east countries such as Iran is also losing fair amount of power due to the fall in oil prices. Dr. Chaulia then shifted his focus towards risks. He elaborated various types of risks such as business, political, environment etc. As a business person you will have to take decision to invest in a certain place, that is called risk, but business person tend to calculate those risks and then only takes decisions. He further elaborated political risk by quoting ‘you cannot go and invest in Syria just because someone offers you land in a very cheap price.’
Dr. Chaulia then introduced O.P. Jindal University to the students. He explained about MA (DLB) program and how it is very much diverse than the other courses that are being taught. MA (Diplomacy, Business and Law) is the degree that is intended to be neither a totally academic nor a fully vocational one. It stresses theoretical research but insists on relating it to empirically rich phenomena from the social world. MA (DLB)’s structure and course curriculum are designed in such a way that it breaks down the artificial barriers between Law, International Relations and Business Studies. The MA (DLB) program will train students to become experts of the politics, economics and legal systems of the entire world, rather than limited area specialists who have little inkling of happenings and developments outside their chosen regions. The faculty members manning the program are researchers of world class quality who are already researching and publishing on many of the abovementioned emerging areas. This ensures that the program is on top of the fast morphing international landscape and will remain one step ahead as a thought leader in hybrid social science. He further added that this program is creating more job opportunities as it ranges from business to diplomacy, politics to international relations, research to law and there is significant no. of scholarships available for Nepali students.
Dr. Chaulia concluded his speech by saying don’t let yourself be limited to only one knowledge, let yourself flourish in every sector which influences business. MBA is designed to focus on only one specific issue where you will be employed on only one department and will not be able to reach to the top. To reach to the top you need to have knowledge of contemporary issues as well as analyze those issues to create favorable strategies. There are various embassies and diplomatic missions in a country and they require qualified local people to analyze and prepare a report on the current issues of the country, which cannot be done with MBA so you need a more diverse subject like MA (DLB). PM oli will have to face Modi, Obama will have to face Putin. To reach to the top you need to analyze these issues and find out the outcome these issues create in the business world.
The lecture was followed by the Q and A session where most of the questions asked about the university and the program which Dr. Chaulia handled tactfully. But one question was about international issue and was the highlight to everyone.
“Is USA losing its power? What will be the International Strategy of Nepal in upcoming years?”
Upon answering this question he said,” Yes America is definitely losing power. China has now overtaken US as the biggest economy in the world and this will continue in years to come. US have no complete dominance in everything currently and also losing in various other sectors. But US still has the strongest military force, 20 times bigger than that of China and China will not be able to match US for many years. To move ahead of US, China have now started constructing ‘China Pakistan Economic Corridor (CPEC)’ with the investment of $46 Billion which will not only improve the diplomatic and trade relation of China and Pakistan but also boost the economy of both countries.
As for Nepal, it can act as the player of the powers. It can play China, India and US. The Scandinavian countries act as the mediator of powers among Germany, France, England etc. Nepal can also play the similar role and boost itself. In the years to come, let’s say in 2030, there will only be three powerful countries, USA, China and India. US will not be sitting alone in the table; instead it also has to arrange the chair for China and India. Just like G20 and G7 nowadays there will only be G3. There are only two possibilities for developing countries, either they quarrel among themselves and let other countries take advantage of them or they become strong and be the player of powerful countries. I hope the former doesn’t happen to Nepal and let’s see a united Nepal which plays the big countries.”
Finally, Mr. Narendra Bista concluded the session by delivering a motivation speech. Just like a carpenter makes a valuable furniture of piece of wood or an architect makes a unique design of the same wood, we are here to add colors in your life, take this program as an opportunity to enhance your knowledge on the different subjects and don’t assume it as a promotion of any university or its program. After completion of the program we asked about the opinion of the participants about the program, Mr. Bibhu Raj Poudel said,” foreign affairs is one of the talked about subject in the current scenario and we are very much delighted to have attained the session and to find out what was happening around the world. Business students should also focus towards political and international issues if they are to be success in their fields and I think the program of Jindal University is exactly what we are looking for, I would like to know more about the program and its benefits.”
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