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1891. Nigeria's Paris Club Debt Problem

Publication Date:
08-2005
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Intense domestic pressure has convinced Nigerian President Olusegun Obasanjo to seek a deal that would eliminate the country's $31 billion of debt owed to the governments of the U.K., France, and other aid-giving countries that use the Paris Club process to restructure debt that countries cannot repay. The Paris Club creditors have proposed an unprecedented operation—its first-ever buyback at a discount—that would cancel all of Nigeria's debt to them in exchange for a cash payment of roughly $12 billion.
Topic:
Conflict Resolution, International Relations, and Debt
Political Geography:
Africa, United Kingdom, Paris, France, and Nigeria

1892. Moving Toward Smarter Aid

Publication Date:
08-2005
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
The Millennium Challenge Corporation (MCC) is seriously wounded. Unveiled by President Bush in March 2002 as a promising new bilateral aid instrument for tackling global poverty, the most prominent sign of the MCC's distress was the mid-summer resignation of Paul Applegarth, its first CEO. More disturbing are the cuts imposed by the Congressional committees marking up next year's budget. The MCC's original concept was to award $5 billion annually to low-income countries based on objective criteria measuring their performance in ruling justly, investing in people, and promoting economic freedom. Appropriations for the MCC in its third year of funding, however, appear to be stuck below $2 billion. Criticism of the MCC for getting off to a slow start misses the point. Creating a new agency takes time and the original concept remains valid. To enable the MCC to live up to its potential, its newly nominated CEO will have to sell the MCC vision to a skeptical Congress and gain the flexibility required to avoid drifting toward "more of the same."
Topic:
International Relations, Debt, Economics, and Poverty

1893. Can the U.S. Government Live Within Its Means? Lessons from Abroad

Author:
Allen Schick
Publication Date:
06-2005
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
When George W. Bush leaves office in 2009, the federal government will owe at least $15,000 more for every American than it did when he became president eight years earlier. This unprecedented build-up of public debt will result from budget deficits projected to average more than $250 billion a year during the Bush presidency, plus more than one trillion dollars borrowed from social security trust funds. Although this budget projection may be high, there is far greater risk that actual deficits will exceed current estimates than that they will be lower.
Topic:
International Relations, Economics, and Government
Political Geography:
United States

1894. Simmering Fire in Asia: Averting Sino-Japanese Strategic Conflict

Author:
Michael Swaine and Minxin Pei
Publication Date:
11-2005
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
The rapid deterioration in Sino-Japanese relations in recent years has raised geopolitical tensions in East Asia and could embroil China and Japan in a dangerous strategic conflict that could be threatening to U.S. interests. China's rise, Japan's growing assertiveness in foreign policy, and new security threats and uncertainties in Asia are driving the two countries increasingly further apart. Political pandering to nationalist sentiments in each country has also contributed to the mismanagement of bilateral ties. But Japan and China are not destined to repeat the past. Their leaders must ease the tensions, restore stability, and pursue a new agenda of cooperation as equals. For its part, the United States must play a more positive and active role.
Topic:
Conflict Resolution and International Relations
Political Geography:
United States, Japan, China, Israel, East Asia, and Asia

1895. Back From the Brink: A Strategy for Iraq

Author:
Marina S. Ottaway
Publication Date:
11-2005
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
The approval of the Iraqi constitution in the October 15 referendum does not put Iraq on the path to stability and democracy but pushes it toward division into largely autonomous regions. And this new momentum is probably irreversible. Whether it will lead to a catastrophic descent into greater violence or even ethnic cleansing, or to a managed transformation into a loose federation of regions enjoying extreme autonomy, depends on whether it becomes possible for Sunni Arabs to form their own region, as Kurds already have and Shias are bound to do once the constitution is in effect. The central thrust of U.S. policy in Iraq must now be to help Sunnis organize an autonomous region and to convince Shias and Kurds that it is in their interest to make this possible. Paradoxically, announcing now a timetable for the inevitable withdrawal of U.S. troops from Iraq could give Washington additional leverage in influencing all sides to accept the necessary compromises.
Topic:
International Relations, Democratization, and Government
Political Geography:
United States, Iraq, Washington, Middle East, and Arabia

1896. Putin's Decline and America's Response

Author:
Anders Åslund
Publication Date:
08-2005
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
Russia's regime has gone through a major aggravation during the first year of President Vladimir Putin's second term. The regime suffers from serious overcentralization of power, which has led to a paralysis of policy making. Putin's power base has been shrunk to secret policemen from St. Petersburg. Although his popularity remains high, it is falling. Neither unbiased information nor negative feedback is accepted. As a result, the Putin regime is much more fragile than generally understood. Russia's current abandonment of democracy is an anomaly for such a developed and relatively wealthy country, and it has made Russia's interests part from those of the United States. The United States should not hesitate to promote democracy in Russia, while pragmatically pursuing common interests in nonproliferation and energy.
Topic:
International Relations, Democratization, and Government
Political Geography:
Russia, United States, America, Europe, and Asia

1897. The Key to Arab Reform: Moderate Islamists

Author:
Amr Hamzawy
Publication Date:
07-2005
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
Before any significant political reform can take place in the Arab world, the United States and Europe need to begin engaging moderate Islamists, an action less thorny than it might seem because Islamists have embraced democratic procedures and have shown a strong commitment to the rule of law. For a long time Arab regimes have frightened the United States and Europe into supporting regimes' repressive measures toward Islamist movements by invoking the nightmare of anti-Western fanatics taking power through the ballot box. However, today's moderate Islamists—while illiberal in many important respects—no longer match the nightmare. Excluding them from the political sphere weakens the chances of democratic reform and increases the likelihood that eventually they will resort to violence.
Topic:
International Relations, Politics, and Religion
Political Geography:
United States, Europe, and Arabia

1898. Evaluating Palestinian Reform

Author:
Nathan J. Brown
Publication Date:
06-2005
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
IN PALESTINE, CITIZENS HAVE RIGHTS OF FREE SPEECH and free assembly. The most independent judiciary in the Arab world adjudicates their disputes. Palestinians select their leaders freely in competitive elections overseen by an independent electoral commission. A representative assembly monitors the executive, granting and withholding confidence from ministers and reviewing the state budget in detailed public discussions. Elected councils manage local governments that are fiscally autonomous of the center.
Topic:
International Relations, Security, and Government
Political Geography:
Middle East, Palestine, and Arabia

1899. Lessons Not Learned: Problems with Western Aid for Law Reform in Postcommunist Countries

Author:
Wade Channell
Publication Date:
05-2005
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
THE FALL OF THE BERLIN WALL IN 1989 and the subsequent breakup of the Soviet Union presented an unparalleled opportunity for fundamental political and economic change in more than two dozen countries. As postcommunist countries sought to attain the economic development of their Western neighbors, it became clear that the existing framework of laws and institutions would not support the desired growth. Reformers and development experts soon identified a panoply of gaps and shortcomings in financial resources, human resources, and organizational capacity, all of which appeared ripe for outside assistance.
Topic:
International Relations and Economics
Political Geography:
Eastern Europe, Soviet Union, Portugal, and Berlin

1900. Judicial Reform in China: Lessons from Shanghai

Author:
Veron Mei-Ying Hung
Publication Date:
04-2005
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
The George W. Bush administration in September 2002 laid out in the “National Security Strategy of the United States” its strategy toward China: “We welcome the emergence of a strong, peaceful, and prosperous China.” During a trip to Asia in March 2005, Secretary of State Condoleezza Rice adopted a similar phrase to welcome “the rise of a confident, peaceful, and prosperous China.”
Topic:
International Relations and Politics
Political Geography:
United States, China, Shanghai, and Asia