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Begin New Search Political Geography Central America Author Charles W. Parker III

1. U.S. Military Concepts of War and their Impact on Foreign Interventions

Author:
Charles W. Parker III
Publication Date:
06-2005
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
This essay argues that military doctrine shapes the nature of United States foreign interventions. In particular, the U.S. military's concepts of “war” and “Military Operations Other Than War” (MOOTW), and the resulting institutional orientation of the Pentagon towards such contingencies, have had a profound impact on the planning and execution of contingencies around the world since the U.S. became a great power. Before World War II, MOOTW-like military interventions were commonplace and mostly successful in the conduct of U.S. foreign policy. Most military interventions such as the Philippines War of 1899-1901 and in the Caribbean (Cuba, Haiti, Dominican Republic, Panama, Nicaragua) between 1899 and 1941 were successful limited campaigns that helped consolidate the United States as a regional and global power. U.S. military doctrine and capabilities in counterinsurgency, peace enforcement, and foreign internal defense, were robust. This core competency of the U.S. military was lost in the large scale and conventional struggles against the Axis powers and later the Soviet Union.
Topic:
Foreign Policy and War
Political Geography:
United States, Soviet Union, Cuba, Central America, Nicaragua, Haiti, and Dominican Republic

2. International Investor Influence in the 1994-1995 Mexican Peso Crisis

Author:
Charles W. Parker III
Publication Date:
04-2005
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
This essay provides a detailed overview, at a market- and firm- level, of the involvement and influence international portfolio investors had in the development and outcomes of the Mexico Peso Crisis of 1994-1995. It address two problems with the literature that is critical of the role of international investors during the crisis; the lack of specific data of market activity by firms that were engaged in Mexico during the volatile period before and after the December 1994 devaluation, and details on private creditor interactions with government officials in key episodes of the crisis. Through a review of the literature, industry data, and confidential interviews with key governmental and private actors, this essay concludes that there was sizable concentration of international investment firms engaged in Mexico, but claims they instigated or exacerbated the crisis are overblown; global funds rather than emerging market funds were a more likely culprit in Mexican market volatility and only after the devaluation; the role of investment banks as participants has been underestimated and is important in understanding collective action problems in finding a solution to the crisis; and a lack of information and mutual confidence, as well as policy overdependence on foreign capital flows, rather than purported “structural power,” were far more important factors in determining the onset and outcomes of the crisis.
Topic:
Conflict Resolution, Economics, and Government
Political Geography:
Central America and Mexico