The Fifth Dubrovnik Conference on Transition Economies
Economic transformation in the former Soviet Union has been arduous with substantial declines in output and welfare. Even in this unfortunate lot, Ukraine stands out as one of the least successful countries in its attempts to become a productive market economy. The purpose of this paper is to try to determine why Ukraine has not been more auspicious in its attempts at economic reform.
The debate about international financial architecture is ending in a whimper. This is too bad for Asian voters and for Asian democracies. Financial faults both at home and abroad were the seeds of the Asian crisis. But it was nurtured by unfortunate politics in Thailand, Indonesia and Korea. The end of the crisis should not mean the end of efforts to make political life a part of the solution.
The congressional Republican party hit bottom last week. A majority of Republican House members cast two deeply irresponsible votes on the U.S. military action against Yugoslavia. No amount of Republican support for increased defense spending can cover up the shame of that vote. As GOP presidential front runner, Bush should lead and reiterate his position that America must win this war.
The partition of Kosovo--let alone Macedonia--and the acceptance of solutions involving partition for the Caucasus will take courage on the part of Western leaders, because it would require deals (especially with Russia) which will be unpopular with Congress. But at a time when servicemen are being required to show courage in the field, it is not inappropriate to ask their leaders to do the same.
In a complex, changing, and increasingly contested world, the Carnegie Endowment generates strategic ideas and independent analysis, supports diplomacy, and trains the next generation of international scholar-practitioners to help countries and institutions take on the most difficult global problems and safeguard peace.