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2241. Russia and the World: A New Deal

Author:
Alexei Arbatov and Dag Hartelius
Publication Date:
05-1999
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Ten years after the end of the Cold War, Russian leaders still have to recognize not only the irreplaceable importance of the Western countries and Japan as partners, but also the rapidly growing relative importance of the European Union, since the special relationship with the U.S., based on strategic deterrence, is becoming less relevant. The development of relations with the EU should now be at the top of the Russian agenda. This presents the EU with a certain challenge but is also an enormous opportunity for developing enlarged markets and advancing improved security. At the same time, the U.S. will remain a key partner for Russia in international affairs and in the handling of harmful Soviet legacies, such as disposing of nuclear and chemical wastes. Also, Russia will have to move towards deeper regional economic integration in East Asia instead of approaching the problems in this region from a traditional security perspective.
Political Geography:
Russia, Europe, Asia, Soviet Union, and Moscow

2242. Russia's Shrinking Role in the South

Publication Date:
03-1999
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
The perception that the disintegration of the Soviet Union constituted a major challenge to Russia's security is of a political and psychological, rather than an economic nature. The countries of the Caucasus and Central Asia—Georgia, Armenia, Azerbaijan, Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan—are neither an irreplaceable resource base for the Russian economy nor the only available market for its non-competitive products. Any efforts to see it otherwise will induce the region to strengthen its economic and military security with the help of outside powers as a buffer against Russia's ambitions for greater control.
Topic:
Security and Economics
Political Geography:
Russia, Europe, Kazakhstan, Asia, Kyrgyzstan, Tajikistan, Uzbekistan, Soviet Union, Armenia, Azerbaijan, Georgia, and Angola

2243. Currency Boards or Dollarization — Solutions or Traps

Author:
John Chown
Publication Date:
08-1999
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Currency boards have been suggested for Russia, and adopted elsewhere in eastern Europe. Brazil's fixed rate has had to be abandoned, but Argentina is considering replacing its currency board with dollarization, and suggesting this solution for the rest of Latin America. Fixed exchange-rate regimes (and the crawling peg in Russia) have collapsed in Southeast Asia but Hong Kong, which had a formal currency board, has (so far) survived.
Topic:
Economics and International Trade and Finance
Political Geography:
Russia, Eastern Europe, Latin America, Central America, Caribbean, and North America

2244. The Chechen Problem: Sources, Developments and Future Prospects

Author:
Alexandru Liono
Publication Date:
12-1999
Content Type:
Working Paper
Institution:
Danish Institute for International Studies
Abstract:
The political, economic and social situation in Chechnya is a matter of concern for all the analysts of the current environment in the North Caucasus. Every day brings about new developments in Chechnya, which can hardly be characterised as encouraging. The more recent events, which culminated with the intervention in Chechnya and the siege of Grozny by the Russian Federal troops in November – December 1999, have raised even more questions about the future of the Caucasus.
Topic:
Civil Society, Economics, and Politics
Political Geography:
Russia and North Caucasus

2245. Will the EU use Northern Dimension to solve its Kaliningrad dilemma?

Author:
Lyndelle Fairlie
Publication Date:
08-1999
Content Type:
Working Paper
Institution:
Danish Institute for International Studies
Abstract:
A Northern Dimension for the European Union is now taking shape. Originally a Finnish initiative, it tries to take a regional view of the Baltic area which includes member states, EU applicants such as Poland and the Baltic states and Russia. The Northern Dimension specifically mentions the Russian oblast of Kaliningrad. There is very little time left to develop an Action Plan which the EU Council can adopt at the December Helsinki summit. This essay addresses the question of whether or not the EU will use Northern Dimension to solve its Kaliningrad dilemma.
Topic:
International Relations, International Organization, and Sovereignty
Political Geography:
Russia, Europe, Eastern Europe, and Asia

2246. National Missile Defense: Examining the Options

Author:
Charles V. Peña and Barbara Conry
Publication Date:
03-1999
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
To date, the debate surrounding national missile defense (NMD) has been dominated by political rhetoric. Supporters (usually conservatives) often paint a “doom-and-gloom” picture, pointing out that the United States is vulnerable to an attack by ballistic missiles. Critics (usually liberals) defend the Anti-Ballistic Missile Treaty as the cornerstone of deterrence and stability and argue that any defensive deployment would upset the balance between the offensive strategic nuclear forces of the United States and Russia.
Topic:
Defense Policy
Political Geography:
Russia and United States

2247. U.S. Assistance for Market Reforms: Foreign Aid Failures in Russia and the Former Soviet Bloc

Author:
Janine R. Wedel
Publication Date:
03-1999
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
Since the fall of the Berlin Wall in 1989 and the subsequent breakup of the Soviet Union in 1991, the governments of the United States and other Western countries have provided massive aid to promote a transition to the free market in Central and Eastern Europe and the former Soviet Union. But aid for market reforms in the region has been largely ineffective. Whether provided in the form of technical assistance, grants to political groups or nongovernmental organizations, loans and guarantees to the private sector, or direct financial aid to post-communist governments, that aid has been plagued by a number of problems. The failed $22.6 billion bailout of Russia by the International Monetary Fund in July 1998 only confirmed the flawed nature of the aid-for-reform approach.
Topic:
Economics and Emerging Markets
Political Geography:
Russia, United States, Europe, Eastern Europe, Asia, and Soviet Union

2248. Hazards and Precautions: Tales of International Finance

Author:
Gary Clyde Hufbauer and Erika Wada
Publication Date:
09-1999
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
In the wake of financial crises in Mexico (1994-95), Asia (1997-98), Russia (1998) and Brazil (1998-99), respected observers have questioned the benefits of wide-open international capital markets (Bhagwati, 1998; Krugman, 1998; Rodrik, 1998; Eichengreen, 1999). Our purpose is to identify true hazards and suggest appropriate precautions.
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
Russia, Asia, Brazil, and Mexico

2249. The Case for a Russian Currency Board System

Author:
Steve H. Hanke
Publication Date:
10-1998
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
The devaluation of the Russian ruble this year was predictable, especially considering Russia's poor monetary history. State-manipulated money has been a Russian hallmark since the time of Peter the Great and shows that the country's money problems are endemic and do not depend on who controls the central bank. Czarist, Soviet, and post-Soviet governments have used the central bank printing press to finance deficit spending, resulting in high inflation, confiscation of savings, capital controls, or a combination of the three.
Topic:
Economics and International Political Economy
Political Geography:
Russia, Europe, Asia, and Soviet Union

2250. The American Economy and the East Asian Crisis: Deconstructing Goldilocks

Author:
Thomas I. Palley
Publication Date:
04-1998
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Over the last nine months the global economy has been roiled by a financial crisis that has moved through Thailand, Malaysia, Indonesia, and South Korea. Japan has also been affected by its wake, as has Russia. So too has Latin America, where Brazil has had to raise interest rates substantially to fend off an incipient currency crisis.
Topic:
Economics
Political Geography:
Russia, United States, Japan, Asia, and Brazil