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191. The Impending Squeeze

Author:
Tim W. Ferguson, Charles B. Heck, and Mitchell W. Hedstrom
Publication Date:
05-2011
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
ESSAY American Profligacy and American Power Roger C. Altman and Richard N. Haass The U.S. government is incurring debt at an unprecedented rate. If U.S. leaders do not act to curb their debt addiction, then the global capital markets will do so for them, forcing a sharp and punitive adjustment in fiscal policy. The result will be an age of American austerity. Would you like to leave a comment? 1CommentsJoin To the Editor: Roger Altman and Richard Haass ("American Profligacy and American Power," November/December 2010) persuasively argue that continued American profligacy promises to undermine American power. But the situation is even more urgent than they suggest. Although Altman and Haass expect markets to remain calm "possibly for two or three years," the rising price of gold suggests otherwise. Gold has risen from $460 per ounce to $1,400 per ounce in the last five years -- representing a 67 percent devaluation of the U.S. dollar per unit of gold. As former U.S. Federal Reserve Chair Alan Greenspan has said, gold is "the ultimate means of payment." Moreover, on top of new government debt over the next several years, maturing existing debt will need to be refinanced. At 4.6 years, the average maturity of the U.S. federal debt held by the public (debt that now totals $9.1 trillion) is tight relative to, for instance, the average maturity of 13.5 years for British government debt. According to the International Monetary Fund, the maturing debt of the U.S. government will equal 18.1 percent of U.S. GDP during 2011 alone. Altman and Haass rightly note that the U.S. government's annual interest expense will rise dramatically as its stock of debt increases and interest rates inevitably rise. Further debt increases would substantially darken the fiscal outlook for the federal government. And even a relatively small rise in interest rates would have a significant impact. TIM W. FERGUSON Editor, Forbes Asia CHARLES B. HECK Former North American Director, Trilateral Commission MITCHELL W. HEDSTROM Managing Director, TIAA-CREF
Topic:
Government
Political Geography:
United States, America, and Asia

192. Turkey's Cyprus Problem

Author:
Andrew Jacovides
Publication Date:
05-2011
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
To the Editor: Hugh Pope ("Pax Ottomana?" November/December 2010) observes that Turkey succeeded in being elected to a rotating seat of the UN Security Council for 2009-10. It might then be assumed that Turkey's policies have been guided by the principles of the UN Charter. But Turkey continues its 40,000-strong troop occupation of a large part of the Republic of Cyprus -- an EU and UN member state -- despite numerous Security Council resolutions since its initial 1974 invasion calling for its immediate withdrawal. Turkey does not comply with its legal obligations to Cyprus or to the EU and forcibly interferes with Cyprus' rights in its exclusive economic zone of maritime jurisdiction. Pope writes that "in 2003, the [ruling party in Turkey] reversed traditional Turkish policy by agreeing to endorse a UN plan to reunify" Cyprus. What he does not say, however, is that the latest version of the plan wholly incorporated Ankara's demands. In addition, Pope makes an unfounded assertion in stating that "since joining the EU in 2004, Cyprus has pulled all available levers to block Turkey's own accession to the union." If this were the case, Turkey would not have been endorsed as a candidate for EU membership in 2005, since such a decision requires unanimity, and so Cyprus could have exercised its veto. Like Pope, many welcomed Turkish Foreign Minister Ahmet Davutoglu's declared goal of the "settlement of disputes" that "directly or indirectly concern Turkey" and Turkey's "zero problem" policy toward its neighbors. Other than paying lip service to supporting the UN-sponsored intercommunal talks on Cyprus, however, Turkey has not conceded an inch toward achieving a solution within the agreed framework. If the Cyprus problem were solved through a viable compromise settlement with Turkey's help, Turkey will have removed a major obstacle to its EU accession. Moreover, a reunited and peaceful Cyprus, free of foreign troops, would be transformed into a bridge of peace from a bone of contention and would cooperate with Turkey and Greece on an array of issues. This outcome can be achieved through good neighborly relations on the basis of the principles of the UN Charter, not through occupation, domination, and a Pax Ottomana. ANDREW JACOVIDES Former Ambassador of Cyprus to the United States
Topic:
Security and United Nations
Political Geography:
United States and Turkey

193. Next Steps for Pakistan Strategy

Author:
Daniel Markey
Publication Date:
05-2011
Content Type:
Policy Brief
Institution:
Council on Foreign Relations
Abstract:
U.S.-Pakistani relations are in crisis. For Washington, Osam a bin Laden's safe haven in Abbottabad raises questions about Pakistan's complicity and/or incompetence. For Islamabad, bin Laden's killing shows its vulnerability to U.S. operations on its own soil .
Topic:
Foreign Policy, Terrorism, War, Armed Struggle, Insurgency, and Bilateral Relations
Political Geography:
Pakistan, United States, and Washington

194. Crisis in the Congo: CPA Contingency Planning

Author:
Joshua Marks
Publication Date:
05-2011
Content Type:
Policy Brief
Institution:
Council on Foreign Relations
Abstract:
The government of the Democratic Republic of the Congo (DRC) led by President Joseph Kabila faces the prospect of collapse. Popular disaffection has grown as a consequence of endemic corruption and a failure to provide broad and sustained economic growth. The possibility of widespread violence around national elections scheduled for November 2011 as well as the emergence of antigovernment movements in the Kivus, Bas Congo, Katanga, or Equateur provinces could precipitate a major political and humanitarian crisis with destabilizing consequences for the region. Having provided billions in foreign assistance and UN peacekeeping support to the DRC and eager to avoid another violent catastrophe in central Africa, the United States faces a looming foreign policy challenge.
Topic:
Foreign Policy, Diplomacy, Economics, and Sanctions
Political Geography:
Africa and United States

195. Justice Beyond The Hague: Supporting the Prosecution of International Crimes in National Courts

Author:
David A. Kaye
Publication Date:
06-2011
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
For nearly two decades, the United Nations has created international criminal tribunals to punish those responsible for war crimes, crimes against humanity, and genocide. Since the early 1990s the United States has strongly supported the UN tribunals for Rwanda and the former Yugoslavia and hybrid UN/national courts for Sierra Leone and Cambodia. The era of court-building culminated in the 1998 adoption, over U.S. objections, of a treaty to establish a permanent International Criminal Court (ICC) in The Hague. These international courts have brought dozens of perpetrators to justice, and the UN Security Council's requests that the ICC investigate the situations in Sudan (2005) and Libya (2011) show that policymakers across the spectrum, in the United States and abroad, believe that accountability-that is, bringing individuals to justice for committing atrocities-can be an important tool to combat war crimes, crimes against humanity, and genocide. Yet as important as these courts are, atrocities occur in places beyond their reach, and even where international courts investigate and prosecute, they lack the capacity to try all but a handful of the thousands of perpetrators of the worst international crimes.
Topic:
Crime, Genocide, International Cooperation, and International Law
Political Geography:
United States, Sudan, Libya, Yugoslavia, and Cambodia

196. NATO After Libya

Author:
Anders Fogh Rasmussen
Publication Date:
07-2011
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
NATO's sea and air mission in Libya is the first major military engagement undertaken since the global financial crisis. With European NATO allies drastically reducing their defense spending, there were legitimate fears as to whether they could still afford to respond to such complex crises. Reports early on that the operation lacked sufficient strike capabilities reinforced these fears. But the unprecedented speed, scale, and sustained pace of execution of Operation Unified Protector tell a different story. As of early May, the pace of air sorties had remained high since the beginning of the operation, and strikes had accounted for just under half of those sorties. When requirements changed as Muammar al-Qaddafi's forces altered their tactics, NATO allies provided more of the high-precision strike capabilities that the commanders needed. Meanwhile, more than a dozen ships have been patrolling the Mediterranean Sea and enforcing the UN arms embargo. The mission in Libya has revealed three important truths about military intervention today. First, to those who claimed that Afghanistan was to be NATO's last out-of-area mission, it has shown that unpredictability is the very essence of security. Second, it has proved that in addition to frontline capabilities, such as fighter-bombers and warships, so-called enablers, such as surveillance and refueling aircraft, as well as drones, are critical parts of any modern operation. And third, it has revealed that NATO allies do not lack military capabilities. Any shortfalls have been primarily due to political, rather than military, constraints. In other words, Libya is a reminder of how important it is for NATO to be ready, capable, and willing to act. Although defense is and must remain the prerogative of sovereign nations, an alliance that brings Europe and North America together requires an equitable sharing of the burden in order to be efficient. Downward trends in European defense budgets raise some legitimate concerns. At the current pace of cuts, it is hard to see how Europe could maintain enough military capabilities to sustain similar operations in the future. And this touches on a fundamental challenge facing Europe and the alliance as a whole: how to avoid having the economic crisis degenerate into a security crisis. The way Europe responds to this challenge could determine its place in the global order and the future of security.
Topic:
NATO
Political Geography:
Afghanistan, Europe, Libya, and North America

197. The Secrets of Germany's Success

Author:
Steven Rattner
Publication Date:
07-2011
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
As Americans fret about their economic decline, Germans are celebrating their country's success as a manufacturing juggernaut. Obama's former auto czar explains the key to Germany's export boom -- and how the United States can emulate it.
Political Geography:
United States, America, and Germany

198. Washington's Phantom War

Author:
Peter Bergen and Katherine Tiedemann
Publication Date:
07-2011
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
In the wake of Islamabad's decision to ban the United States from using the Shamsi airbase to launch drone attacks, Washington will need to rethink its drone program. Unless the strikes become more transparent and control over them is transferred from the CIA to the military, they won't help Washington win the larger war.
Topic:
War
Political Geography:
United States and Washington

199. Are U.S. Borders Secure?

Author:
Edward Alden and Bryan Roberts
Publication Date:
07-2011
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
In response to record numbers of illegal border crossings and the security fears triggered by the 9/11 attacks, over the past two decades the United States has steadily increased its efforts to secure its borders against illegal immigration. The number of U.S. Border Patrol agents has risen from fewer than 3,000 to more than 20,700; nearly 700 miles of fencing have been built along the southern border with Mexico; and surveillance systems, including pilotless drones, now monitor much of the rest of the border. In a speech in El Paso, Texas, in May, U.S. President Barack Obama claimed that the United States had "strengthened border security beyond what many believed was possible." Yet according to spring 2011 Rasmussen poll, nearly two-thirds of Americans think the border is no more, or even less, secure than it was five years ago. Some administration critics claim that the United States' frontiers have never been more porous. This contradiction stems in part from the fact that the Department of Homeland Security (DHS) has never clearly defined what border control means in practice. A secure border cannot mean one with no illegal crossings -- that would be unrealistic for almost any country, especially one as big and as open as the United States. On the other hand, the borders cannot be considered secure if many of those attempting to enter illegally succeed. Defining a sensible middle ground, where border enforcement and other programs discourage many illegal crossings and most of those who try to cross illegally are apprehended, is the challenge. Unfortunately, the U.S. government has failed to develop good measures for fixing goals and determining progress toward them. Since 2005, the DHS has reported how many miles of the country's land borders are under its "operational control," but it has done so without having clearly defined what that standard means and without providing hard data to back it up. The lack of sound measurement has left the administration touting its efforts rather than their results: during a press conference in 2010, Obama noted, "We have more of everything: ICE [Immigration and Customs Enforcement], Border Patrol, surveillance, you name it. So we take border security seriously."
Topic:
Security and Border Control
Political Geography:
United States and America

200. Globalization and Unemployment

Author:
Michael Spence
Publication Date:
07-2011
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
Jobs growth was slow in May, renewing pessimism about the U.S. economy. Spence, a Nobel Prize-winning economist writes that economic growth and employment in the United States have started to diverge, increasing income inequality and reducing jobs for less-educated workers.
Topic:
Economics, Globalization, Poverty, and Labor Issues