The Financial Express
Posted: 2008-12-20 02:16:53+05:30 IST
Updated: Dec 20, 2008 at 0216 hrs IST
The William J Clinton foundation finally released a long list of major donors as part of a deal with Barack Obama, which would ultimately pave the way for Hillary Clinton to be confirmed as Secretary of State. The chief concern of the Obama team was to prevent any charges of conflict of interest in the functioning of the country’s next top diplomat. However, it didn’t take long for charges to be leveled. Amusingly, a PTI news report quoted an anonymous Pakistani source expressing concern at the large number of Indians in the list, venting Pakistan’s paranoia about a distinct pro-India tilt in Hillary Clinton’s State department.
Admittedly, the list of Indian donors among the big donors is impressive and includes business people, politicians and media. A closer examination of the biggest donors reveals that most represent business and industry—-Amar Singh is the only prominent political figure. Other prominent donors are CII, Laxmi Mittal, Tulsi Tanti/Suzlon, Reliance, Ranbaxy, Vinod Gupta, you get the gist. Quite simply, more than anything else, this is a reflection of the success of Indian business and entrepreneurs. One caveat: this does not apply to politicians. And the fact that Pakistanis don’t figure in the big league is an indication of their lesser economic clout. But economic clout won’t necessarily turn foreign policy tables.Consider the fact that the Foundation received much larger amounts from Saudi Arabia, UAE, Kuwait and other Gulf states than from India. But only someone naïve or foolish would think that this will tilt US foreign policy dramatically in favour of Arab countries and away from Israel.
Pakistan’s importance to the US is strategic, not economic. That can’t change and won’t under Hillary. More than paranoia, Pakistani opinion would do well look inwards and get down to some serious economics and business, and not just political rhetoric.