Fearing a stalemate in Afghanistan that would be tantamount to defeat for NATO, the Bush administration is browbeating the European allies to step up their military role.
Already the buzz this year in financial circles, sovereign wealth funds have been initially welcomed in the United States (and to a lesser degree in Europe) as white knights whose capital investments have helped rescue troubled financial institutions and other companies stricken by the credit-market crisis. But these funds, even as they are currently sought after by financially-bleeding companies, could easily become controversial with public opinion and regulators in the United States and European countries because of their potential political dimensions. The very fact of their emergence is a symptom of profound new shifts in the global financial order. To head off potential jingoist reactions against the proposed buy-ins by these new investors, there is a need to probe a set of questions about how these funds work and about whether rules can be reached – by mutual agreement – to ensure that the funds prove compatible with global capital movements.
Topic:
Economics, Government, and International Trade and Finance
The world has modernized thanks to waves of Western inventions, and the next wave must be a regulatory revolution to ensure that discoveries spread horizontally as far and fast as possible. It is an agenda for the newly formed Transatlantic Economic Council.
Topic:
Economics, Government, International Trade and Finance, and Science and Technology
Germans have developed a new mindset, especially about military force, and they are offended, not swayed, by attempts to play on their nation's guilt for World War II. How badly Bush and Blair blundered in misunderstanding this new Germany is described by Serfaty in this excerpt from his new book, Architects of Delusion.
Supporters of independence for Kosovo because of its painful recent history ignore the fact that Western indifference permitted a cycle of terrorism and repression. That is the real lesson.
Topic:
NATO, Democratization, Sovereignty, and International Affairs
European Affairs traces the path that has brought a new, more statesmanlike tone to Polish foreign policy. As both Warsaw (and Prague) proceed with plans to accept the U.S. missile defense system, Sikorski sets the initiative in broader NATO context.
Topic:
International Relations, Defense Policy, Government, and International Political Economy
As global warming unfreezes the Arctic, these literally uncharted waters are going to be plied by shipping, but there is no collective network to coordinate emergency responses on land and sea.
Topic:
Defense Policy, Disaster Relief, Environment, and International Cooperation
Muddled thinking is dangerous for international development. For one thing, cost benefit arguments neglect the high price exacted by failed states. For another, as noted in an important new book, The Bottom Billion, some countries are trapped by special circumstances that need special remedies.
Topic:
Foreign Policy, Development, Emerging Markets, Humanitarian Aid, and International Trade and Finance
Richard Descoings, a reform-minded educator who heads the prestigious Sciences-Po, says in an interview that French universities are boxed into mediocrity by state control and state under-funding. Outside Britain, European universities need more control over their finances to compete in a globalized market.
The blueprint for the U.S. capital called for a unique cityscape reflecting the states of the nation. It was a baroque design, studded with monuments. But the original vision is hard to see under accumulated layers of bad urbanization, exploitive development and bombastic memorial-building.