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The IUP Journal of International Relations
Focus

Palestine and Israel are in a conflict over a territory, which they associate with their distinct cultures, histories and identities. Both regard sovereignty over the territory in conflict, as fundamental to their existence. Since 1948, the international community has attempted to resolve the conflict through various peace proposals and accords. Some of them include the Camp David Accord (1978), the Madrid Peace Process (1991), the Oslo Accord (1993), and Saudi Peace Plan (2004). However, all these initiatives have achieved little, because both the parties have failed to come together on a common platform.

Recently, the relation between the two has worsened by Israel’s blockade and attack on Gaza as well as its violent interception of the flotilla. Hamas for its part has encouraged militancy in the region. In the light of these developments, the first two articles published in this issue deal with some of the key issues involved in the conflict and their legal dimensions.

Brijesh Mehrish, in the paper, “The Right of Self-Determination: Legal and Human Rights Dimension of the Palestinian-Israeli conflict”, observes that, Palestine is devastatedly affected by the Israeli occupation as well as due to the factional rivalry between the Hamas and the Fatah. They pose a major obstacle to the institutional development and social reconstruction of Palestine. In order to resolve the conflict, the author recommends the US to play a leading role in the region.

Fred Aja Agwu, in the paper, “The Legality of the Israeli Blockade of Gaza”, argues about the Israeli blockade of Gaza exclusively from a legal framework, especially, the concept of ‘belligerent blockade’. The Israeli imposition of a naval blockade on Gaza and the flotilla attack (June 2010) attracted widespread condemnation from the International Community. Israel on its part, justified its military actions as a matter of self-defense and as a reaction to the Hamas’ offensive. The author suggests that the Gaza Siege, should be seen as a part of a larger problem rather than a vexed subject in isolation.

Zhang Jianping, in the paper, “New Features of the International Industrial Labor Division and Its Impact on China’s Economy”, argues that new features of international division of labor has a profound impact on China’s economy. On the positive side, it enhances China’s international competitiveness, the development of foreign trade and the comprehensive growth of national strength. On the negative side, it causes excessive growth of China’s trade surplus that affects its macroeconomic stability. The author suggests that China should make use of its foreign exchange reserve surplus for the restructuring of the domestic economy, as well as, the promotion of the multinational corporations.

Money laundering is the process by which illegal funds and assets are converted into legitimate ones. Saurabh Kumar, in the paper, “International Money Laundering Activities: Sports to Terrorism”, discusses the origin, the evolution and proliferation of the practice of money laundering. He discusses the methods and process of money laundering with some examples. Money laundering negatively affects the macroeconomic performance of the nations, their welfare systems and as well as their cross-border externalities. To counter this crime, the countries should have a unitary and rational approach to the problem and at the same time eliminate unfavorable policies which block global efforts.

Of all the countries of Sub-Saharan Africa, Botswana is unique because of its uninterrupted electoral democracy. Christopher Ntau, Tidimane Ntsabane and Robert M Molebatsi, in the paper, “Democracy, Education and the Youth: Botswana’s Experience”, discusses Botswana’s democracy by deploying the tools in political sociology. The survey describes the process of political socialization of youth in the Tswana society of Botswana from pre-colonial period to the present day. Citing Botswana’s example, the authors suggest that, a country’s democracy should be founded upon the nurturing of democratic culture among its citizens, especially, its youth, as much as its democratically written constitution.

-- Kalluri Raj Reddy
Consulting Editor

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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International Relations