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6911. The Looming Japanese Crisis

Author:
Adam S. Posen
Publication Date:
05-2002
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
After more than a decade of economic stagnation and minimal structural change, Japan stands on the brink of outright financial crisis—the only debate is whether the Japanese government can dodge its imminent economic threats for another six months at most, or ride the wave of global expansion to throw still more money at these problems with decreasing effectiveness until the public debt becomes unsustainable (which should be no later than 2005). Either way, volatility in Japanese asset markets will be extremely high for the next 36 months, with significant declines on average in asset prices and the yen.
Topic:
Economics, Government, and International Trade and Finance
Political Geography:
Japan, Israel, and East Asia

6912. Support the Ex-Im Bank: It Has Work to Do!

Author:
Gary Clyde Hufbauer and Ben Goodrich
Publication Date:
05-2002
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The US Export-Import (Ex-Im) Bank is again at the center of controversy, as Congress debates the terms for its charter renewal. This policy brief critiques provisions of the House and Senate versions of the reauthorization bill and summarizes three justifications for Congress giving adequate support to the Ex-Im Bank. Box 1 provides a capsule description of the Ex-Im Bank's operations.
Topic:
Economics, Government, and International Trade and Finance
Political Geography:
United States

6913. Sovereign Debt Restructuring: New Articles, New Contracts – or No Change?

Author:
Marcus Miller
Publication Date:
04-2002
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
It was at the National Economists' Club in November 2001 that Anne Krueger, first deputy managing director of the International Monetary Fund, threw down the gauntlet. “There is,” she said, “a gaping hole [in the international financial architecture] – we lack incentives to help countries with unsustainable debts resolve them promptly and in an orderly way. At present the only available mechanism requires the international community to bail out the private creditors. It is high time this hole was filled.”
Topic:
Economics, Government, and International Trade and Finance

6914. Enhancing the Turkish-American Alliance: The Campaign for Iraq and Other Possibilities

Author:
Soner Cagaptay
Publication Date:
10-2002
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Assistant Secretary of State Elizabeth Jones was in Ankara Monday to discuss foreign policy issues including Iraq with her Turkish counterparts. Interestingly, Iraq's vice premier Tariq Aziz visited Ankara yesterday for the same purpose. These trips come at a crucial time as Washington prepares for a confrontation with Saddam Husayn. While prepared to stand with its close NATO ally the United States, Turkey remains uneasy about several issues.
Topic:
Security, Foreign Policy, NATO, and Religion
Political Geography:
United States, Iraq, America, Turkey, Middle East, and Arab Countries

6915. Shaping a New UN Draft Resolution on Iraq

Author:
Patrick Clawson
Publication Date:
09-2002
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
The United States and Britain are consulting with the other three permanent members of the UN Security Council (Russia, France, and China) before introducing a new draft resolution on Iraq. Much attention has been given to whether the resolution will explicitly authorize the use of force. At least as important will be whether the resolution reverses the long, slow erosion of Iraq's UN-mandated obligations. For all their seemingly tough language, recent Security Council resolutions on Iraq have been ambiguous at best about the issues on which Saddam Husayn has been allowed to cheat in the past.
Topic:
Security, Religion, and United Nations
Political Geography:
Russia, United States, Iraq, Middle East, and Arab Countries

6916. November Elections in Turkey: Assessing the Ban on Justice and Development Party Leader Tayyip Erdogan

Author:
Soner Cagaptay
Publication Date:
09-2002
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
As the United States considers a possible military campaign in Iraq, Turkey is preoccupied with its upcoming elections. Although a party with roots in Islamism will be a major contender in the November 3 elections, it is unlikely that Turkey's approach to the Iraq issue will change much, regardless of which party wins. That said, continuing political uncertainty at home could preoccupy Turkish leaders, reducing Turkey's contribution to solving the Iraq problem.
Topic:
Security and Religion
Political Geography:
United States, Iraq, Turkey, and Middle East

6917. Special Policy Forum Report: Battling for the 'Hearts and Minds' of Middle Easterners, Post-September 11: A Year-End Assessment

Author:
Martin Kramer and Mouafac Harb
Publication Date:
09-2002
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Public diplomacy in the Middle Eastern context is not a new problem. Every non-Muslim state that has projected its power into the Middle East has had to win over the "hearts and minds" of the Muslim population under its control. Muslim Middle Easterners have always viewed the projection of non-Muslim power into the region with suspicion. Nevertheless, America does not have to reinvent the public diplomacy wheel. The United States should learn from the history of the European experience in the Middle East and from its own successful public diplomacy efforts in the Cold War era.
Topic:
Security, Cold War, and Religion
Political Geography:
United States, America, Europe, Middle East, and Arab Countries

6918. Special Policy Forum Report: U.S.-Turkish Interests: Convergence and Divergence

Author:
Seyfi Tashan and Heath Lowry
Publication Date:
09-2002
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
The U.S.-Turkish security relationship is becoming increasingly important to the stability of the Middle East. The two countries have long enjoyed a friendship based on mutual economic and military interests. Many perceive this to be an ideal relationship between the West and the Islamic world. Americans certainly have an interest in encouraging Muslim countries to develop more democratic societies. Yet, the secular structure of Muslim Turkey may not necessarily be the right model for the entire Muslim world. Any externally imposed model is a recipe for failure; individual countries must possess structures of their own that will allow them to develop secular institutions.
Topic:
Security, Religion, and War
Political Geography:
United States, Iraq, America, Turkey, Middle East, and Arab Countries

6919. Syrian Sponsorship of Global Terrorism: The Need for Accountability

Author:
Matthew Levitt
Publication Date:
09-2002
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
With its longstanding support for terrorism, Syria poses an exceptional challenge to U.S. antiterror policy. On September 20, 2001, President George W. Bush declared that "from this day forward, any nation that continues to harbor or support terrorism will be regarded by the United States as a hostile regime." This declaration implicitly offered state sponsors a virtual amnesty for previous actions if they would cease sponsoring terror, an offer that Syria has thus far rejected. In June 2002, the president directly called on Syria to "choose the right side in the war on terror by closing terrorist camps and expelling terrorist organizations."
Topic:
Security, Religion, Terrorism, and War
Political Geography:
Middle East, Arab Countries, and Syria

6920. Special Policy Forum Report: How to Build a New Iraq after Saddam

Author:
Ellen Laipson and Rend Rahim Francke
Publication Date:
09-2002
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Judging whether or not regime change in Iraq is desirable depends in part on forecasting what is likely to occur afterward. The international community cannot expect to determine the success or failure of regime change in the few months after it is initiated; this is the responsibility of the Iraqis themselves. By intervening, the international community would be entitled to set some terms regarding the basic principles of a post-Saddam government, but the details of such a government – in the social, political, and economic realms – must be meaningful and credible to Iraqis.
Topic:
Security and Religion
Political Geography:
Iraq, Middle East, and Arab Countries