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241. Logic, Not Lobbies

Author:
Ronald D. Asmus and Jeremy D. Rosner
Publication Date:
07-2009
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
We are troubled by the assertions made by John Newhouse ("Diplomacy, Inc.," May/June 2009) about NATO enlargement -- an initiative in which we both played direct roles -- as well as by his broader thesis about the role of ethnic population groups in shaping U.S. foreign policy.
Topic:
Foreign Policy and NATO
Political Geography:
United States

242. Credit Default Swaps, Clearinghouses, and Exchanges

Publication Date:
07-2009
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
As its name suggests, the payoff on a credit default swap (CDS) depends on the default of a specific borrower, such as a corporation, or of a specific security, such as a bond. The value of these instruments is especially sensitive to the state of the overall economy. If the economy moves toward a recession, for example, the likelihood of defaults increases and the expected payoff on credit default swaps can rise quickly. The Depository Trust and Clearing Corporation (DTC C) estimates that in April 2009, the notional amount of credit default swaps outstanding was about $28 trillion. As a result of the overall size of the CDS market and the sensitivity of CDS payoffs to economic conditions, large exposures to credit default swaps can create substantial systemic risk.
Topic:
Economics, Markets, and Financial Crisis
Political Geography:
United States

243. U.S. Nuclear Weapons Policy

Author:
Charles D. Ferguson, Brent Scowcroft, and William J. Perry
Publication Date:
04-2009
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
For more than sixty years, the United States and the world have benefited immeasurably from a de facto taboo on the use of nuclear weapons. Today, however, this period of nonuse may come to an end, given the rise of a new type of terrorist who seeks to acquire and would not hesitate to detonate nuclear weapons. Moreover, the emergence of more states with nuclear weapons capabilities has raised the likelihood of the use or loss of control of nuclear weapons or the materials used to make them. The imperative before the Obama administration, therefore, is to use all available tools to prevent the use and further acquisition of nuclear weapons. This Task Force report identifies how to leverage U.S. nuclear weapons posture and policy to achieve that objective. It focuses on near-term steps, primarily over the next four years.
Topic:
Foreign Policy, War, and Weapons of Mass Destruction
Political Geography:
United States

244. Preparing for Sudden Change in North Korea

Author:
Paul B. Stares and Joel S. Wit
Publication Date:
01-2009
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
For most of the 1990s, North Korea was under what can only be called a prolonged deathwatch, so common and confident were predictions of its demise. Despite suffering acute economic stress from the loss of its principal economic patron—the Soviet Union—in 1991, the sudden death of its founding father––Kim Il-Sung––in 1994, and then soon after a devastating famine that may have claimed as many as a million lives, North Korea managed to survive. By decade's end, North Korea's extraordinary resilience, combined with its defiant and at times belligerent attitude to the rest of the world, had convinced most experts that this was not a country about to pass either quickly or quietly into the history books. Since then, the conventional wisdom among most if not all North Korea watchers is that it will muddle through indefinitely even if its long-term future remains doubtful.
Topic:
Conflict Resolution, Foreign Policy, Nuclear Weapons, Weapons of Mass Destruction, and International Affairs
Political Geography:
United States and North Korea

245. War About Terror: Civil Liberties and National Security After 9/11

Author:
Daniel B. Prieto
Publication Date:
02-2009
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Political leaders, lawyers, and scholars have long grappled with questions of how to protect fundamental freedoms in times of national crisis. Supreme Court chief justice William Rehnquist observed that “the government's authority to engage in conduct that infringes civil liberty is greatest in time of declared war.” This observation is highly relevant in today's national security context. In an environment shaped by the terrorist attacks of September 11, 2001, securing the U.S. homeland from fur the attacks and confronting terrorist networks abroad are central priorities of U.S. foreign and domestic policy. Yet the transformation of the U.S. security apparatus after 9/11 and a range of new national security programs have generated widespread concern over the protection of international human rights, democratic norms, and a number of rights enshrined in the U.S. Constitution that form, collectively, the civil liberties of the American people.
Topic:
Intelligence, Terrorism, and Torture
Political Geography:
United States, America, and Middle East

246. The Great Crash, 2008

Author:
Roger C. Altman
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
The financial crisis has called into serious question the credibility of western governments and may precipitate an eastward shift of power.
Topic:
Economics and Government
Political Geography:
United States, Europe, and Washington

247. A Balanced Strategy: Reprogramming the Pentagon for a New Age

Author:
Robert M. Gates
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
The Pentagon has to do more than modernize its conventional forces; it must also focus on today's unconventional conflicts -- and tomorrow's.
Topic:
Development, Economics, and Governance
Political Geography:
Afghanistan, United States, and Iraq

248. America's Edge: Power in the Networked Century

Author:
Anne-Marie Slaughter
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
The United States' unique ability to capitalize on connectivity will make the twenty-first century an American century.
Topic:
War and Communications
Political Geography:
Russia, United States, America, and Georgia

249. The Responsibility to Contain: Protecting Sovereignty Under International Law

Author:
Michael Chertoff
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
International law must find a way to combat modern threats, but it cannot diminish U.S. sovereignty in doing so.
Topic:
International Law
Political Geography:
United States

250. Where Are the Civilians? How to Rebuild the U.S. Foreign Service

Author:
J. Anthony Holmes
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
If it hopes to achieve its foreign policy agenda, the Obama administration will need to undo the damage to the Foreign Service wrought by the Bush administration.
Topic:
Foreign Policy
Political Geography:
United States