Strategy in a Time of Austerity

Over the next decade, the U.S. military will need to undertake the most dramatic shift in its strategy since the introduction of nuclear weapons more than 60 years ago. Just as defense budgets are declining, the price of projecting and sustaining military power is increasing and the range of interests requiring protection is expanding. This […]

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Can ASEAN Unite On South China Sea?

The Philippines has fired its first political salvo at China and Cambodia ahead of upcoming regional summits, calling on the 10 members of the Association of South East Asian Nations (ASEAN) to forge a united front over the South China Sea dispute. Speaking to reporters ahead of the ASEAN and East Asia Summit, which is […]

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More And More And Not Enough

THE port of Barcelona, Spain’s third-busiest, used to handle more imports than exports. This has now turned around, says Santiago Garcia-Milà, the port’s deputy general manager; among many other things, ships are now for the first time taking cars off to China. The European Commission believes that this year exports of goods and services from […]

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In China, To Get Rich Is Not So Glorious

In the course of a U.S. presidential campaign, the American public is bombarded with surveys asking voters to rank the relative importance of various issues, and whether they think the country is overall on the right track. Not so in China, where another leadership transition has just concluded, with the 18th Party Congress choosing Xi […]

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Missing Growth Multipliers

In April 2010, when the global economy was beginning to recover from the shock of the 2008-2009 financial crisis, the International Monetary Fund’s World Economic Outlook predicted that global GDP growth would exceed 4% in 2010, with a steady annual growth rate of 4.5% maintained through 2015. But the forecast proved to be far too optimistic. In […]

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Syria’s Fate Lies In The Hands of Syrians

With the formation of the Syrian national coalition in Doha last weekend, the Syrian conflict seems to have entered a new phase. For the first time since the breakout of the Syrian revolution almost 20 months ago, the Syrian opposition has a representative body that can speak in its name. Western governments have long been […]

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The Four Horsemen of Foreign Policy

Barack Obama has been reelected by concentrating on domestic issues. A look beyond US borders would have been unbearable to American voters anyways. That isn’t Obama’s fault: Foreign policy problems usually come with a long history, and we certainly can’t blame the president for not forecasting global turmoil. Yet we can admit that the global […]

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