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  • Author: Doug Bandow
  • Publication Date: 05-2003
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: Ever since North Korea's dramatic revelation that it was producing materials that could be used to make nuclear weapons, the Bush administration has considered a range of policy options—including a military strike on North Korean nuclear facilities. Although the administration officially dismisses such talk, President Bush has left the military option on the table, and influential advisers outside of the administration have openly called for military action along the lines of the Israeli attack on Iraqi nuclear facilities at Osirak in 1981.
  • Topic: Foreign Policy, Defense Policy
  • Political Geography: United States, Iraq, Israel, North Korea
  • Author: Anna J. Schwartz
  • Publication Date: 03-2003
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: The International Monetary Fund has proposed a universal bankruptcy tribunal to deal with sovereign debt restructuring. But does the international financial system really need such a mechanism? There has been little demand by sovereign borrowers or their creditors for a universal bankruptcy law, and few countries have had to enter into debt restructuring procedures. The absence of such a law does not appear to have created chaotic conditions even in those cases.
  • Topic: Economics, International Organization, International Political Economy, International Trade and Finance
  • Author: Ivan Eland
  • Publication Date: 02-2003
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: China's economy is four times the size of Taiwan's and apparently growing at a faster rate; that economic disparity between China and Taiwan could eventually lead to a military disparity as well. Nonetheless, even an informal U.S. security guarantee for Taiwan against nuclear-armed China is ill-advised. Taiwan is not strategically essential to America's national security. Moreover, China has significant incentives to avoid attacking Taiwan. Perhaps the most crucial is that hostile behavior toward Taiwan would jeopardize China's increasing economic linkage with the United States and other key countries.
  • Topic: Security, Defense Policy
  • Political Geography: United States, China, America, Taiwan, Asia
  • Author: Eric R. Taylor
  • Publication Date: 02-2003
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: As war with Iraq becomes imminent, U.S. military readiness takes center stage. Concerns about readiness focus not only on our ability to successfully attack Iraq but on our ability to defend U.S. forces against an enemy regime that, if its existence is threatened, could have every incentive to use weapons of mass destruction. In any war with Iraq, military experts worry most about attacks with chemical and biological weapons. They have reason to worry, given the U.S. military's lack of preparedness for such attacks.
  • Topic: Security, Weapons of Mass Destruction
  • Political Geography: United States, Iraq, Middle East
  • Publication Date: 09-2003
  • Content Type: Policy Brief
  • Institution: Center on International Cooperation
  • Abstract: The Afghan people have been promised a lot in the last two years. New rules for a new world would be written in their country. Regime change would deliver Afghans, finally, from oppression and violence, while a Marshall Plan would give them a chance to rebuild their lives.
  • Topic: Development, Economics, International Cooperation
  • Political Geography: Afghanistan, Asia
  • Author: Mark P Thirlwell
  • Publication Date: 11-2003
  • Content Type: Policy Brief
  • Institution: Lowy Institute for International Policy
  • Abstract: There are strong parallels between today's US-China tensions over trade and US-Japan economic relations in the 1980s.
  • Topic: Economics
  • Political Geography: United States, Japan, China, Israel, East Asia, Asia
  • Author: Catherine L. Mann
  • Publication Date: 12-2003
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: Businesses throughout the US economy continue to transform even after the technology boom has faded. The key sources of this continuing transformation are investment in the information technology (IT) package (hardware, software, and business-service applications) and reorientation of business activities and processes to use both information and technology effectively.
  • Topic: Economics, Globalization, International Trade and Finance, Science and Technology
  • Political Geography: United States
  • Author: Gary Clyde Hufbauer, Ben Goodrich
  • Publication Date: 10-2003
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: In May 2003, the World Trade Organization (WTO) dispute panel ruled that US steel safeguards imposed in March 2002 are illegal. The WTO Appellate Body is all but certain to confirm the panel's judgment, probably by December 2003. Then the Bush administration will face an important choice. It can keep the safeguards in place, pleasing steel producers and important constituencies in West Virginia, Pennsylvania, and Ohio. However, doing so would further anger steel users, who have probably lost more business and jobs as a direct consequence of the safeguards than steel producers have gained. Maintaining the safeguards would also send a signal to the world's trading nations that the United States is not prepared to endure the political cost of eliminating steel protection. Furthermore, the administration would run the risk that, in the middle of a presidential election season, foreign countries will exercise their rights under the WTO to retaliate.
  • Topic: Government, International Trade and Finance
  • Political Geography: United States, Pennsylvania, Ohio, West Virginia
  • Author: Peter B. Kenen, Ellen E. Meade
  • Publication Date: 10-2003
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: In May 2004, ten countries are due to join the European Union. They are therefore obliged to join the European Monetary Union (EMU) and adopt the euro as their national currency. Most of them, moreover, have been eager to do that. None of them sought an opt-out of the sort that Britain and Denmark obtained in 1991, when the Maastricht Treaty was drafted. Membership in EMU is not automatic, however, because the accession countries must first satisfy the preconditions contained in the Maastricht Treaty. Although those preconditions are rigorous, and some of the accession countries are still far from meeting them, most of those countries have indicated that they want to enter EMU at the earliest possible date.
  • Topic: Economics, International Trade and Finance
  • Political Geography: Britain, Europe, Denmark
  • Author: Gary Hufbauer, Ben Goodrich
  • Publication Date: 06-2003
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: A good proposal to eliminate tariffs must take into account both the pain and gain that developing countries are likely to experience. The authors take the measure of these costs and benefits and urge rich countries to maximize the benefits to developing countries while giving them ample time to accept, and adjust to, the changes that trade liberalization will require. But trade liberalization should not stop with tariff proposals. The United States and other industrial countries should generously reduce subsidies to farmers and eliminate nontariff barriers on agricultural imports. The United States should offer more concessions on services trade, particularly in its allowances for temporary foreign workers. Unless rich countries put more on the table, a WTO agreement to eliminate tariff barriers may be postponed for years.
  • Topic: Economics, International Trade and Finance, Political Economy, Third World
  • Political Geography: United States