Regional Security

Article

Understanding the New Financial Superpower - The Management of GCC Official Foreign Assets

Authors: Brad W. Setser and Rachel Ziemba
RGE Monitor

With oil at $100, what do we know about how the big oil exporters are managing their petrodollars? In this paper for RGE Monitor, Brad Setser and Rachel Ziemba examine the different GCC funds and estimate that total Gulf investment abroad exceeded $2 trillion in 2007.  One surprising conclusion that emerges from their analysis is that the Gulf as a whole has not diversified away from the dollar.

See more in Middle East and North Africa; Regional Security; International Finance

Must Read

MIT Center for International Studies: Will Any Iraq Regionalization Strategy Work?

Author: John Tirman

John Tirman of the MIT Center for International Studies argues that a new engagement with the regional players in an effort end the Iraq war is inevitable. The idea of bringing in the neighbors to help stabilize and reduce the violence in Iraq is very attractive, and could contribute to a plausible exit strategy for the United States. The article discusses the merits of different versions of “regionalization”.

See more in Iraq; Regional Security

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CRS: Iraq: Regional Perspectives and U.S. Policy

Authors: Christopher M. Blanchard, Kenneth Katzman, Carol Migdalovitz, Alfred B. Prados, and Jeremy M. Sharp

Congressional Research Service report that provides information about the current perspectives and policies of Iraq’s neighbors; analyzes potential regional responses to continued insurgency, wider sectarian or ethnic violence, and long-term stabilization; discusses shared concerns and U.S. long-term regional interests; and reviews U.S. policy options for responding to various contingencies.

See more in Iraq; United States; Regional Security

Must Read

USIP: Jordan and Iraq: Between Cooperation and Crisis

A special report from USIP in a series looking at Iraq and its neighbours, on the role Jordan is playing in the effort to stabilize Iraq. USIP says Jordan wants a strong, stable, moderate, and unified Iraq. Having wrestled with the dilemmas of an assertive Iraq for many years, Jordan—like Iraq's other neighbors—now faces a myriad of challenges presented by a weak Iraq. The kingdom, for years a linchpin in the U.S. strategy to promote peace and stability in the region, is now less secure in the wake of the U.S.-led occupation of Iraq. Jordanian leaders worry that Iraq is becoming a haven for terrorist groups, a fear dramatically heightened by the November 2005 suicide bombings in Amman. Jordan also has an interest in the development of an Iraq that does not inspire radical Islamist politics in Jordan. Moreover, the kingdom is anxious about growing Iranian involvement in Iraqi politics, and—more broadly—increasing Iranian and Shiite influence in the region.

See more in Jordan; Iraq; Regional Security

Transcript

Iraq’s Impact on the Future of U.S. Foreign and Defense Policy, Session 1: The United States and the Middle East [Rush Transcript; Federal News Service]

Speakers: Toby Dodge, Steven Simon, and Shibley Telhami

F. Gregory Gause III leads a discussion on the impact of the U.S. intervention in Iraq on the wider Middle East. Shibley Telhami sums up the discussion by acknowledging that pulling out of Iraq today could lead toward even more civil war but says, “At this point, whatever we do, we have very little impact on the outcome in Iraq, whether we stay or go.”

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Backgrounder

Australia's Security Role in the Pacific

Author: Esther Pan

Australia is assuming a more prominent role in Pacific Rim security affairs, increasingly deploying forces to troubled states in the region in an attempt to stabilize them. While its moves are welcomed by some of its neighbors, others are wary of Canberra's strong military and its close relationship with Washington.

See more in Australia; Asia and Pacific; Regional Security