I am sure that when these leaders wake up each morning, they are not thinking about foreign policy, but about
domestic social unrest, the lack of provision of a proper welfare system, about how to deal with the issue of internal migrants (some 200 million people on the move from villages to urban areas demanding the same rights as urban locals), and so on.
Devaluation would boost manufacturers and exporters, but — as last year's experience proved — also cause
domestic economic upheaval and heighten the possibility of
social unrest.