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Begin New Search Political Geography Russia Content Type Policy Brief Publishing Institution The Brookings Institution

1. The Russian Federation

Author:
Fiona Hill, Clifford G. Gaddy, Dmitry Ivanov, and Igor Danchenko
Publication Date:
10-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Energy is at the heart of Russia's remarkable change of fortune over the past seven years. Emerging from a state of virtual bankruptcy in August 1998, the country now enjoys large surpluses, has inverted its debt burden with the outside world, and has racked up successive years of economic growth and low inflation. This dramatic turnaround is directly related to Russia's status as the world's largest producer of oil and natural gas—the country has benefited tremendously from soaring prices on the world market.
Topic:
Development, Emerging Markets, and Energy Policy
Political Geography:
Russia, Europe, and Asia

2. The IMF's Dilemma in Argentina: Time for a New Approach to Lending?

Author:
Carol Graham and Paul Robert Masson
Publication Date:
11-2002
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
In recent years, the international financial system has faced tremendous challenges, from the Asia, Russia, and Brazil crises in the late 1990s, to Argentina's default and ensuing economic collapse in 2002 to new worries about a possible default in Brazil. An increasing number of observers are questioning the way the international financial institutions manage these crises. An alternative approach that is endorsed in principle by many—including Horst Köhler, the new managing director of the International Monetary Fund (IMF)—is a move toward more selective lending with fewer conditions, with the decision to lend based on a more general and ultimately political assessment of the recipient government's capacity to deliver on its promises. Argentina provides a potential test bed for this approach.
Topic:
International Organization and International Trade and Finance
Political Geography:
Russia, Asia, Brazil, Argentina, South America, and Latin America

3. Strengthening Financial Sector Governance in Emerging Markets

Author:
Robert Litan, Michael Pomerleano, and V. Sundararajan
Publication Date:
07-2002
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Policymakers and analysts are still sifting through the wreckage of the Asian financial crisis of 1997 and the subsequent crises in Russia, Turkey, and Argentina to discern key lessons so that similar crises will not recur. Some lessons are by now well understood. Pegged exchange rates can encourage excessive borrowing and expose countries to financial collapse when foreign exchange reserves run dry. Inadequate disclosures by both private companies and public bodies can lead to similar dangers. Although many factors undoubtedly contributed to these crises, it is now widely recognized that each suffered from a failure in “governance,” and in particular a failure in governance in their financial sectors. Accordingly, the World Bank Group, the International Monetary Fund (IMF), and the Brookings Institution devoted their fourth annual Financial Markets and Development Conference, held in New York from April 17-19, 2002, to the subject of financial sector governance in emerging markets. This conference report summarizes some of the highlights of the conference, whose full proceedings will be published as a Brookings book in the fall of 2002.
Topic:
Economics, Emerging Markets, Government, and International Trade and Finance
Political Geography:
Russia, New York, Turkey, Asia, and Argentina

4. Putin's Agenda, America's Choice: Russia's Search for Strategic Stability

Author:
Carol Graham
Publication Date:
04-2002
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
In May, President George W. Bush travels to Moscow and St. Petersburg for his fourth summit meeting with Russian President Vladimir Putin. In the past year, Putin has made a number of compromises with America on key questions such as the United States' withdrawal from the 1972 Anti-Ballistic Missile (ABM) Treaty and the presence of U.S. troops in Central Asia. As a result, American commentators have speculated about how many concessions Putin needs from the United States to placate his domestic critics and maintain the positive momentum of U.S.-Russia relations.
Topic:
Human Welfare, International Organization, and Poverty
Political Geography:
Russia, United States, America, Central Asia, and Moscow

5. NATO Enlargement: Moving Forward

Author:
Philip H Gordon and James B Steinberg
Publication Date:
12-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
The question of whether and how to expand the North Atlantic Treaty Organization's (NATO) membership is one of the many important U.S. foreign policy issues that must be seen in a new light following the September 11 terrorist attacks. Prior to those attacks, there were strong indications coming from Washington that the Bush administration was planning to support a wide enlargement, notwithstanding strong opposition from Russia and from longstanding domestic opponents of the process. Many of those opponents will now argue even more forcefully that NATO enlargement should be put off or stopped altogether, particularly because Russian cooperation in the war on terrorism is now so crucial.
Topic:
Security and NATO
Political Geography:
Russia, United States, Europe, and Washington