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121. Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System by Kevin Dowd and Martin Hutchinson

Author:
Steven Horwitz
Publication Date:
06-2011
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
The combination of the recession and financial crisis of the last few years has led to quite the outpouring of books by economists purporting to explain what happened and why, and how to avoid a repeat performance. This very crowded field has seen a range of quality, but a good number of these books have been quite well done. Alchemists of Loss by Great Britain's Kevin Dowd and Martin Hutchinson is another very good treatment of the issues. The authors bring a wealth of experience to their book. Dowd has had a long career as an academic, with much of his work focusing on the history and theory of “free banking” and other forms of financial deregulation. Hutchinson is a longtime financial journalist and has worked in the merchant and investment banking industries in Britain. They have written a comprehensive, fairly detailed, and surprisingly entertaining account of the historical context, theoretical framework, and actual events of the crisis.
Topic:
Financial Crisis
Political Geography:
Britain

122. Rendezvous with Destiny: Ronald Reagan and the Campaign that Changed America by Craig Shirley

Author:
Victor Gold
Publication Date:
06-2011
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Nearly every presidential election in my lifetime appeared to be the most critical in the nation's history, with America's very survival hanging in the balance—at least according to the candidates involved. In truth, however, only two campaigns for the White House could be described as historically transformative.
Political Geography:
Britain

123. Lessons from Helmand, Afghanistan: what now for British counterinsurgency?

Author:
Robert Egnell
Publication Date:
03-2011
Content Type:
Journal Article
Institution:
Chatham House
Abstract:
This article analyses the conduct of British operations in Helmand between 2006 and 2010 and discusses the implications for the legacy and future of British counterinsurgency. A number of lessons stand out: first, competence in the field of counterinsurgency is neither natural nor innate through regimental tradition or historical experience. The slow adaptation in Helmand—despite the opportunity to allow the Basra experience to be a leading example of the need for serious changes in training and mindset—is an indication that the expertise British forces developed in past operations is but a distant folktale within the British Armed Forces. Substantially changed training, painful relearning of counterinsurgency principles and changed mindsets are therefore necessary to avoid repeated early failures in the future. Moreover, despite eventually adapting tactically to the situation and task in Helmand, the British Armed Forces proved inadequate in dealing with the task assigned to them for two key reasons. First, the resources of the British military are simply too small for dealing with large-scale complex engagements such as those in Helmand or southern Iraq. Second, the over-arching comprehensive approach, and especially the civilian lines of operations that underpinned Britain's historical successes with counterinsurgency, are today missing.
Topic:
Counterinsurgency
Political Geography:
Britain, Afghanistan, and Iraq

124. Dr Fox and the Philosopher's Stone: the alchemy of national defence in the age of austerity

Author:
Paul Cornish and Andrew M. Dorman
Publication Date:
03-2011
Content Type:
Journal Article
Institution:
Chatham House
Abstract:
The history of British defence reviews has been one of repeated disappointment: a cycle in which policy failure is followed by a period of inertia, giving way to an attempt at a new policy framework which is then misimplemented by the defence leadership. Each failed defence review therefore sows the seeds of its successor. With this in mind, in 2010 the new coalition government embarked upon an altogether more ambitious exercise: a strategy review comprising a National Security Strategy and a Strategic Defence and Security Review. This article suggests, nevertheless, not only that the 2010 strategy review looks likely to follow past performance, but also that it is coming unstuck at an unprecedented rate. This is a pity since the 2010 review had much to commend it, not least the adoption of a risk-based approach to security and defence policy-making. What is the explanation for this outcome? Is it that the British have, as some have suggested, lost the ability to 'do strategy', if ever they had it? The authors offer a more nuanced understanding of the policy process and argue that the coalition government in fact has a very clear and deliberate strategy—that of national economic recovery. Yet the coalition government cannot allow national defence and security to fail. The authors conclude with an assessment of the options open to the defence leadership as they seek to address the failing 2010 strategy review and suggest a variety of indicators which will demonstrate the intent and seriousness of the political, official and military leadership of the Ministry of Defence.
Topic:
Security, Economics, and Government
Political Geography:
Britain

125. Britain's coalition government and EU defence cooperation: undermining British interests

Author:
Clara Marina O'Donnell
Publication Date:
03-2011
Content Type:
Journal Article
Institution:
Chatham House
Abstract:
The formation of a coalition government by the Conservatives and Liberal Democrats, combined with the need for important cuts to Britain's armed forces has raised significant uncertainties about Britain's attitude to defence cooperation within the European Union. Since taking office the coalition, while grappling with the implications of Britain's fiscal challenges, has shown an unprecedented interest in strengthening bilateral defence collaborations with certain European partners, not least France. However, budgetary constraints have not induced stronger support for defence cooperation at the EU level. On the contrary, under the new government, Britain has accelerated its withdrawal from the EU's Common Security and Defence Policy (CSDP). This article assesses the approach of the coalition to the CSDP. It argues that, from the perspective of British interests, the need for EU defence cooperation has increased over the last decade and that the UK's further withdrawal from EU efforts is having a negative impact. The coalition is undermining a framework which has demonstrated the ability to improve, albeit modestly, the military capabilities of other European countries. In addition, by sidelining the EU at a time when the UK is forced to resort more extensively to cost-saving synergies in developing and maintaining its own armed forces, David Cameron's government is depriving itself of the use of potentially helpful EU agencies and initiatives—which the UK itself helped set up. Against the background of deteriorating European military capabilities and shifts in US priorities, the article considers what drove Britain to support EU defence cooperation over a decade ago and how those pressures have since strengthened. It traces Britain's increasing neglect of the CSDP across the same period, the underlying reasons for this, and how the coalition's current stance of disengagement is damaging Britain's interests.
Topic:
Government
Political Geography:
Britain, Europe, and France

126. International order after the financial crisis

Author:
Harold James
Publication Date:
05-2011
Content Type:
Journal Article
Institution:
Chatham House
Abstract:
The geography of power is at present being dramatically transformed, notably by the rapid economic rise of China. What makes international order legitimate in a world in which political and economic foundations are rapidly shifting? This article examines analogies and lessons from a previous transition, from a world order centered on Britain, to a US dominated global order. The article looks at two interpretations of the transition, one by E. H. Carr, the other by Charles Kindleberger. China is beginning to behave in the way expected of a Kindleberger hegemon, but also sees the possibilities of asserting power in a world that in the aftermath of 2008 looks much more like the chaotic and crisis-ridden interwar period as interpreted by E. H. Carr. The challenge for the management of the new international order will lie in the ability of China to embrace the universalistic vision that underpinned previous eras of stability, in the nineteenth century and in the late twentieth century.
Topic:
Economics and Financial Crisis
Political Geography:
Britain, United States, and China

127. Identity, Insecurity, and Great Power Politics: The Tragedy of German Naval Ambition Before the First World War

Author:
Michelle Murray
Publication Date:
10-2011
Content Type:
Journal Article
Journal:
Security Studies
Institution:
Security Studies
Abstract:
Why did Germany pursue naval expansion at the turn of the twentieth century? This question has long puzzled scholars of international security, who consider German naval ambition to be an instance of suboptimal arming—a decision that decreased Germany's overall security and risked the survival of the German state. This article argues that the social desire to be recognized as a world power guided Germany's decision to challenge British naval hegemony. From the beginning of its naval planning, Germany had one clear aim: a powerful fleet of battleships stationed in the North Sea would alter the political relationship with Britain in such a way that it could no longer ignore Germany's claim to world power status. Reconceptualizing Germany's naval ambition as a struggle for recognition elucidates the contradictions at the center of German naval strategy, explaining how the doomed policy could proceed despite its certain failure. The article concludes that the power-maximizing practices of great powers should be seen as an important component of identity construction and an understudied dimension of contemporary security practice.
Topic:
Security and Power Politics
Political Geography:
Britain and Germany

128. The Armenians of Palestine 1918–48

Author:
Bedross Der Matossian
Publication Date:
08-2011
Content Type:
Journal Article
Journal:
Journal of Palestine Studies
Institution:
Institute for Palestine Studies
Abstract:
For the Armenians of Palestine, the three decades of the Mandate were probably the most momentous in their fifteen hundred-year presence in the country. The period witnessed the community's profound transformation under the double impacts of Britain's Palestine policy and waves of destitute Armenian refugees fleeing the massacres in Anatolia. The article presents, against the background of late Ottoman rule, a comprehensive overview of the community, including the complexities and role of the religious hierarchy, the initially difficult encounter between the indigenous Armenians and the new refugee majority, their politics and associations, and their remarkable economic recovery. By the early 1940s, the Armenian community was at the peak of its success, only to be dealt a mortal blow by the 1948 war, from which it never recovered.
Topic:
Religion and War
Political Geography:
Britain, Palestine, and Armenia

129. Contents

Publication Date:
07-2011
Content Type:
Journal Article
Journal:
International Affairs: A Russian Journal of World Politics, Diplomacy and International Relations
Institution:
East View Information Services
Abstract:
No abstract is available.
Political Geography:
Britain, Russia, Japan, Middle East, and Asia

130. Britain's Policy Toward Kurdistan at the End of the First World War

Author:
İhsan Şerif Kaymaz
Publication Date:
06-2011
Content Type:
Journal Article
Journal:
Alternatives: Turkish Journal of International Relations
Institution:
Center for International Conflict Resolution at Yalova University
Abstract:
In the aftermath of the First World War, Britain aimed to create an autonomous Kurdish state – or states – in northern Mesopotamia to be governed under its protection. It therefore experimented with various different methods between the years 1918 and 1920. All those attempts were proven futile. Using mainly the British and Ottoman archival material it has been inquired how the British authorities had developed the plan for Kurdistan, how they tried to implement it in the northern Iraq (then the Mosul vilayet) and the southeastern Anatolia respectively, and how they failed. The reasons for Britain's failure had been discussed. After the failure new policy options had been given consideration among which, the debates on retreat came into prominence. The diplomatic negotiation process between the allies and the legal arrangements on Kurdistan that took pace in the Treaty of Sevres was of a nature of keeping up appearances. Kurdistan plan, though failed in 1920's, gained ground in the following years as the international conditions became more convenient. As the Kurdish problem has once again become an issue of worldwide concern, it will be interesting to see how the British government dealt with this complicated problem when it first emerged, some ninety years ago.
Topic:
War
Political Geography:
Britain, Iraq, Turkey, and Kurdistan