MICHAEL LES BENEDICT's interpretation of the impeachment of President Andrew Johnson destroys the conventional textbook wisdom which portrays Johnson as a martyred president unjustifiably pilloried by a vindictive Congress. Benedict shows that the decision to impeach was made reluctantly after a series of presidential actions over the years convinced even the most conservative members of Congress that impeachment was the only means left for defending their constitutional prerogatives.
ROBERT J. ART argues that an open door membership policy will destroy NATO and that there is a better alternative to create a security structure for Europe.
Topic:
Security, NATO, Alliance, and Regional Security
Political Geography:
Europe, North America, and United States of America
BRUCE RUSSETT and ALLAN C. STAM examine the recent decision to expand NATO to include former Soviet satellites. They argue that the further inclusion of Russia would allow NATO to become a most effective tool in managing security threats in the next century.
Remarks on shaping globalization: Perspectives of development cooperation and elements of global governance (Dirk Messner); Old Wine in New Skins: Some critical comments on the UNDP Reports (Franz Nuscheler); The position of development policy: a functional definition (Adolf Kloke-Lesch).
Topic:
Development, Globalization, Governance, and United Nations Development Program (UNDP)
Today's U.S. military is about one-third smaller and one-third less expensive than it was at the end of the Cold War. Even so, on a unit-by-unit basis it is as good as the U.S. armed forces of Ronald Reagan's presidency. It is far from hollow; its readiness to carry out a wide range of operations from warfighting to peacekeeping to deterrence remains quite good on the whole.
The study group addressed four topics: the definition of what we are examining; whether it is a new phenomenon; some of the factors driving it; and the concerns it raises. The goal at this meeting was to set the context for further discussion at the next meeting. Participants stressed that this is an important topic and a timely project. Please note that this summarizes the main points and imposes a certain order on what was in reality a wide-ranging discussion.
Topic:
International Relations, Globalization, Government, and International Political Economy
The Asian financial crisis put in bold relief two big differences between the Asian and the Western economies. One has been hotly contested, while the other has been virtually ignored.
According to Secretary of State Madeleine Albright, terrorism is the most important threat the United States and the world face as the 21st century begins. High-level U.S. officials have acknowledged that terrorists are now more likely to be able to obtain and use nuclear, chemical, and biological weapons than ever before.
The devaluation of the Russian ruble this year was predictable, especially considering Russia's poor monetary history. State-manipulated money has been a Russian hallmark since the time of Peter the Great and shows that the country's money problems are endemic and do not depend on who controls the central bank. Czarist, Soviet, and post-Soviet governments have used the central bank printing press to finance deficit spending, resulting in high inflation, confiscation of savings, capital controls, or a combination of the three.
The International Monetary Fund and the U.S. Treasury Department's Exchange Stabilization Fund are undemocratic institutions unaccountable for their actions. Their current functions have little to do with their original missions. The ESF is used by the executive branch to circumvent Congress in the provision of foreign aid. Its foreign exchange interventions have, in any event, always been wasteful and ineffective at controlling the relative price of the U.S. dollar. The IMF has also been used to provide massive bailouts in the cases of Mexico in 1995 and of Asian countries since 1997. Defenders of the IMF as an international lender of last resort are misinformed since the IMF does not and cannot serve that purpose. Both institutions should be abolished, not reformed, because they are not needed to resolve currency crises and they preclude superior solutions.
Topic:
Economics, International Trade and Finance, and Political Economy