As global warming and melting of the ice is making the Arctic increasingly accessible, the region’s hydrocarbon riches are attracting international interest. Thus far, despite the presence of vast untapped energy and mineral resources, the Arctic is not considered a geopolitical hotspot. In fact, many of the Arctic states have dismissed the possibility of conflict over the region’s spoils due to the collaborative governance model that has been established.
Using Temple Gold for Shoring up the Economy: Learning from Kautilya’s Arthashastra
Kautilya argues that when the treasury gets depleted, concerted efforts become necessary for its replenishment and even recommends extraordinary measures in emergency situations. But the guiding principle should be what the people consider as beneficial to themselves.