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France has recently proposed a Mediterranean Union. To ensure this initiative’s effectiveness and avoid the pitfalls of the Euro-Mediterranean process, the EU must seriously review its linked aid and agricultural and immigration policies toward the region.
Last summer, Russian President Vladimir Putin announced that Russian strategic flights would permanently resume with the mission of protecting Russia. Protect it from whom? Although Putin has never identified the enemy that sparked the resumption of these flights after a fifteen-year hiatus, implicitly the antagonist is the only other country with a similar air capability—the United States.
Assistant to the President for National Security Affairs Stephen J. Hadley discussed the Bush administration's efforts to promote economic growth and disease prevention in Africa and commented on the president's upcoming travels to Africa and his Smart Development Policy.
China Program hosted a seminar to discuss China's latest agriculture policy. Moderated by Senior Associate Albert Keidel, this event featured guest speaker Hu Binliang from Chinese Academy of Social Sciences.
India would be six times better off under a multilateral trade agreement in the WTO’s Doha Round than from individual free trade agreements with the EU, United States, or China.
The biggest economic threat from China isn't its dominance of manufacturing or its artificially pegged currency. It's that the world's soon-to-be third-largest economy is being fueled by financial markets that remain essentially--and dangerously--lawless.
On January 25, Carnegie Senior Associate Ashley J. Tellis presented the findings of his Carnegie Report, Pakistan and the War on Terror: Conflicted Goals, Compromised Performance, at the Royal United Services Institute (RUSI) in London. Tellis and Carnegie Visiting Scholar Frederic Grare provided first-hand commentary following President Musharraf's keynote speech at RUSI.
Since communism failed as an economic system, Russia and China have had to embrace free markets. But hopes that reform of communist economies would produce western-style democracies have been shaken.
The stepped-up harassment of the British Council in recent days signals a new low in Russia's post-Cold-War relations with the West and a further slide toward Soviet-style isolationism.
The spectacular run-up in equity prices in China in the past two years has created a classic asset bubble. The likelihood that the stock market will crash in the not-too-distant future has recently increased because of rising inflation at home and a global economic slow-down. The Chinese stock market has already begun to correct – the main stock indexes have fallen 15 per cent from their highs. However, with Chinese equity price levels disturbingly close to those of Japan’s Nikkei in 1989 prior to its meltdown, the Chinese market will have to fall much further to reach reasonable valuations.
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