According to Kishore Mahbubani, a strategist in Singapore, the West – especially Europe – has presumed too long that Asia is and will remain “dormant.” As Marmon explains, Mahbubani is perhaps the most articulate exponent of a widely-held view in Asia: that Westerners are dangerously behind the curve in reading the major trends of global change.
Western countries need and largely welcome the fresh capital that can be injected by SWFs. But these funds are liable to arouse controversy, often because they are run by countries disliked in the West. Their tax-free status (as government-owned entities) may offer politicians a handle on these funds.
Topic:
Economics, Globalization, Government, and International Political Economy
The Pentagon chose the Northrop-EADS tanker because it fits the plan to integrate strike fighters and UAVs for sustained ground-support action. Protectionist Congressmen seem to ignore the need for a global supply-chain that alone can provide an affordable path for the U.S. Air Force to modernize.
European defense firms can find U.S. markets. The Pentagon's procurement budget will be cut by billions, and no Congress will turn down proposals that offer many more weapons, far more cheaply – especially when U.S. companies do not even produce the same systems. There are many niche markets.
U.S. export controls have become increasingly complex. The State Department has instituted reforms and initiatives to improve its ability to manage this challenge in a way that protects the U.S. while ensuring that allies have what they need to participate in common military operations. These initiatives include enhanced leadership and staffing, more robust enforcement activities, innovative new treaties and a number of business practice reforms.
The Transatlantic Economic Council was a major U.S.-EU innovation designed to negotiate away non-tariff barriers between the two markets. To consolidate the promise of its first year at work, it needs to choose its issues and do something tangibly effective about them, according to Dan Price, the White House point man in the TEC.
The U.S. and EU are tackling many of the same challenges in energy technology, ranging from renewables to nuclear. Strong emphasis is needed on coal and the potential of carbon capture and sequestration systems to enable countries to use this abundant resource cleanly.
A curious notion has emerged about how the United States has tried to navigate the seas of global security since the September 11 terrorist attacks. It depicts Washington as charting a solitary course characterized by premises, principles, and policies which diverge dramatically from those of other nations – notably its European allies.
Suddenly, the lights go out. Communication lines fall silent. Internet connections are lost. People venturing into the congested streets discover that banks are closed, ATMs are malfunctioning, traffic lights are jammed. Radio and TV stations cannot broadcast. The airports and train stations are shut down. Food production halts, and the water supply starts rapidly diminishing as pumps stop working. Looters are on the rampage; panic grips the public; the police cannot maintain order. This grim picture is not the opening scene of a Hollywood fantasy, but the beginning of a cyber attack, as described by Sami Saydjari, president of Professionals for Cyber Defense, to a Congressional homeland defense subcommittee in April 2007. In vivid terms, he described how a superpower can be reduced to third-world status by a cyber take-down of a nation's electronic infrastructure. The defense expert called his description “a plausible scenario” – and one for which the United States is unprepared. Even if military computer systems are usually protected against outside interference, most civilian electronic systems remain vulnerable to a massive assault that enjoyed the sponsorship of a state.
The NATO allies are now being required to face the possibility that they may not prevail in Afghanistan. Facing new challenges from Taliban and Al Qaeda fighters, the Afghan government and the International Security Assistance Force (ISAF) are by no means certain of success. Equally at risk are economic, political, and social developments to give the average Afghan a sense that supporting the government in Kabul and its ISAF allies is the best bet for the long haul. Militarily, NATO commanders have made it clear that they need more troops - at least two more combat brigades - and more helicopters. But they also need greater flexibility in the use of those forces that are available, and limitations here are posing difficulties at least as troubling as shortfalls in numbers.