The Overseas Private Investment Corporation is a government agency that provides loans and investment insurance to U.S. companies doing business around the world. Its four-year, renewable charter will expire in September 2003. Proponents of OPIC claim that the agency helps the U.S. economy and promotes economic development abroad.
Topic:
Economics, International Political Economy, and International Trade and Finance
The rationale for missile defense put forward by its advocates is often a “doom and gloom” picture: America and its citizens are defenseless against the threat of ballistic missiles, and missile defense is supposed to protect the American people. The administration's vision of missile defense is not just a global system that protects the United States against long-range missiles but a global system capable of engaging all classes of ballistic missiles to protect U.S. forces deployed worldwide, U.S. allies, and other friendly countries. Thus, the purpose of missile defense is extended well beyond protecting America and Americans.
Topic:
Foreign Policy, Defense Policy, and Nuclear Weapons
Ever since North Korea's dramatic revelation that it was producing materials that could be used to make nuclear weapons, the Bush administration has considered a range of policy options—including a military strike on North Korean nuclear facilities. Although the administration officially dismisses such talk, President Bush has left the military option on the table, and influential advisers outside of the administration have openly called for military action along the lines of the Israeli attack on Iraqi nuclear facilities at Osirak in 1981.
The International Monetary Fund has proposed a universal bankruptcy tribunal to deal with sovereign debt restructuring. But does the international financial system really need such a mechanism? There has been little demand by sovereign borrowers or their creditors for a universal bankruptcy law, and few countries have had to enter into debt restructuring procedures. The absence of such a law does not appear to have created chaotic conditions even in those cases.
Topic:
Economics, International Organization, International Political Economy, and International Trade and Finance
China's economy is four times the size of Taiwan's and apparently growing at a faster rate; that economic disparity between China and Taiwan could eventually lead to a military disparity as well. Nonetheless, even an informal U.S. security guarantee for Taiwan against nuclear-armed China is ill-advised. Taiwan is not strategically essential to America's national security. Moreover, China has significant incentives to avoid attacking Taiwan. Perhaps the most crucial is that hostile behavior toward Taiwan would jeopardize China's increasing economic linkage with the United States and other key countries.
As war with Iraq becomes imminent, U.S. military readiness takes center stage. Concerns about readiness focus not only on our ability to successfully attack Iraq but on our ability to defend U.S. forces against an enemy regime that, if its existence is threatened, could have every incentive to use weapons of mass destruction. In any war with Iraq, military experts worry most about attacks with chemical and biological weapons. They have reason to worry, given the U.S. military's lack of preparedness for such attacks.
Willy Lam, William R. Hawkins, Harvey Stockwin, and Li Thian-hok
Publication Date:
05-2003
Content Type:
Policy Brief
Institution:
The Jamestown Foundation
Abstract:
The spread of Severe Acute Respiratory Syndrome—the SARS virus—throughout China is a phenomenon that had previously been denied by authorities and had gone unreported. But the penetration of the disease is now being admitted publicly, and efforts to combat it have begun. While the immediate epidemic in Beijing appears to be in decline, the fear remains that the spread of SARS within China will still be difficult—and maybe impossible—to control, let alone to eliminate. World Health Organization (WHO) officials admit that what happens in China will “make or break” the course of the epidemic. China's neighbors, and particularly Hong Kong, worry that a failure to curtail the virus will inevitably result in a fresh round of crossborder infection, further intensifying the already grave economic impact of SARS on the region. At worst, a sustained epidemic could bring China's opening-up to the outside world to a screeching halt.
Topic:
International Relations, Government, and Political Economy
Willy Lam, Arnold Zeitlin, John Tkacik, and Jonathan Mirsky
Publication Date:
05-2003
Content Type:
Policy Brief
Institution:
The Jamestown Foundation
Abstract:
Could Taiwan's voters elect a pro-unification candidate in 2004? Can the challenger, Kuomintang chairman Lien Chan, put together an electoral consensus of ethnic mainlanders, Hakkas and ethnic Taiwanese investors in China that will begin the process of moving Taiwan into the embrace of the People's Republic of China? The polls indicate it could be a fifty-fifty proposition, especially if the campaign's focus is the economy—not national identity. Washington should begin to consider its substantial strategic stake in Taiwan, and rethink the message that its diplomats in Taipei are sending Taiwan's public.
Topic:
International Relations, Government, and Political Economy
Willy Lam, Harvey Stockwin, Gordon G. Chang, and Richard D. Fisher
Publication Date:
04-2003
Content Type:
Policy Brief
Institution:
The Jamestown Foundation
Abstract:
An epidemic, spread by official deception and indifference, is afflicting the Chinese people. What does this disease mean for the People's Republic of China?
Topic:
International Relations, Government, and Political Economy
Willy Lam, Gordon G. Chang, Richard D. Fisher, and Wangchuk Meston
Publication Date:
04-2003
Content Type:
Policy Brief
Institution:
The Jamestown Foundation
Abstract:
Chinese strategic and military experts are scrutinizing the U.S. war in Iraq, and for several reasons. First, if American and British forces become bogged down in their effort to liquidate the regime of Saddam Hussein, then it is much less likely that Washington will soon target other rogue regimes with weapons of mass destruction, such as North Korea, a Chinese ally.
Topic:
International Relations, Government, and Political Economy
Political Geography:
China, Iraq, America, Washington, Israel, and North Korea