Economics & Business Archive

During the 1990s, the U.S. Department of Defense concluded that it was in a “strategic pause.” With the Soviet Union gone and no equal threat on the horizon, the Pentagon had the luxury of doing things like building a “futures” industry to think big thoughts about long-range changes underway in the security environment and the nature of armed conflict. But today strategic futurists face hard times. As the defense budget shrinks, money and time for forecasting and analysis are hard to come by. There is no doubt that cuts in defense spending are needed, but if thinking about the future […]

In 2012, Foreign Policy and the Fund for Peace ranked Zimbabwe the fifth most likely country to fail — putting it in greater danger than Afghanistan, Iraq and Haiti. World leaders frequently describe Zimbabwe under the leadership of President Robert Mugabe as a pariah state. The United States, the European Union and Australia have all imposed sanctions against the Zimbabwean government for not respecting democracy and human rights, and the United Nations has proposed sanctions against Zimbabwe repeatedly. The country has lost many of its onetime allies and has found itself shunned by many in the international community. Despite all […]

Nigeria’s Goodluck Jonathan became acting president in February 2010 following the incapacitation of his predecessor Umaru Yar’Adua. Elected in his own right in April 2011, Jonathan now stands near the midpoint of his first full term in office. His People’s Democratic Party (PDP), which has won every election since Nigeria’s return to democracy in 1999, dominates the executive and legislative branches of the federal government and governs 23 of Nigeria’s 36 states. The advantages of incumbency and party dominance will likely assure Jonathan another term when Nigeria votes again in 2015. Yet insecurity, corruption and stalled policy implementation have provoked […]

On March 8 in Caracas, Raúl Castro, looking somber, stood in a place of honor beside Hugo Chávez’s casket during the late Venezuelan president’s state funeral. Castro was no doubt pondering what Chávez’s death means for Cuba’s ambitious economic reform program — or “updating” of the economic model, as Cubans prefer to call it. Not long after Chávez’s first election victory in 1998, he and Fidel Castro signed the first of what would become more than 100 bilateral cooperation agreements. By the time Chávez died, Venezuela was providing Cuba with some 110,000 barrels of oil daily at subsidized prices, worth […]

In recent weeks, the Republic of Belarus has been attempting to break out of its near isolation from the European Union and end a period of tension that began after Belarus’ December 2010 presidential election. Following the arrests of more than 700 protesters in Minsk’s Independence Square after the election, the EU revived its travel sanctions on leading Belarusian political and judicial figures, headed by President Alexander Lukashenko. In response to the EU’s actions and its demand for the release of all political prisoners, including former presidential candidate Mikalai Statkevich, Belarus moved measurably closer to Russia. Belarus is a full-fledged […]

The United States and Japan are perhaps the two countries for which cooperation on cybersecurity is the most crucial. They are, respectively, the largest and third-largest economies in the world, and two of the largest military powers. Moreover, the economic and military strength of both countries relies on sophisticated intellectual property, military intelligence and trade secrets. As a result, they have more to lose from cyber threats than any other countries in the world. Recognizing the importance of cybersecurity cooperation, leaders in both Japan and the U.S. have advocated bilateral dialogue on the issue. Most recently, during a meeting with […]