Articles

Academic articles by CFR fellows and experts.

The No-Bailout Principle

Author: Benn Steil
Wall Street Journal

Benn Steil’s review of Joseph Stiglitz’s new book, The Euro: How a Common Currency Threatens the Future of Europe, for the Wall Street Journal weekend edition. 

See more in Greece; Monetary Policy

What a Failed Soviet Coup Can Teach Us About 21st-Century Populism

Author: Stephen Sestanovich
Washington Post

Twenty-five years ago this week, a group of Politburo hard-liners launched a coup against Soviet leader Mikhail Gorbachev. The effort to depose him provoked a gigantic popular protest and collapsed in just three days. With the failure of the coup, the communist system itself began to unravel. “The 20th century” — so claimed Boris Yeltsin, Gorbachev’s rival, rescuer and eventual successor — had “essentially ended.” People power had defeated the Soviet state.

See more in Russian Federation; Conflict Assessment; Diplomacy and Statecraft

The TPP Debate Has Devolved Into Generalizations. What’s Actually in the Deal?

Author: Edward Alden
World Politics Review

U.S. President Barack Obama has promised to continue his push for Congress to approve the Trans-Pacific Partnership (TPP), despite firm opposition to the free trade agreement from both of the major candidates for president, including his former secretary of state, Hillary Clinton. “Right now, I’m the president and I think I’ve got the better argument,” he told reporters following a meeting Tuesday with Singapore’s prime minister, Lee Hsien Loong.

See more in United States; Trade; Treaties and Agreements

Review: ‘Zika’ Tracks the Trajectory of an Epidemic

Author: Laurie Garrett
The New York Times

If a publisher had come to me four months ago and asked me to write a book about the Zika crisis in just 30 days, I’m not sure I would have had the courage to say yes, as Donald G. McNeil Jr. did. So many assumptions written in March or April could prove wrong by June or August that the challenge of quickly producing a book on Zika would seem too risky — given that there will also be sleep deprivation, speed writing, high-velocity editing and rewrite ahead.

See more in Global; Public Health Threats and Pandemics

The Legal Legacy of Light-Footprint Warfare

Authors: Matthew C. Waxman and Jack Goldsmith
The Washington Quarterly

The expanded use of light-footprint warfare–including drones, cyber-operations, and Special Operations Forces–has established precedents constituting a remarkable legacy of presidential power to use military force, posing a distinctive challenge to U.S. democracy and military strategy ahead.

See more in United States; Wars and Warfare; Presidents and Chiefs of State

Turkey Has Had Lots of Coups. Here’s Why This One Failed.

Author: Steven A. Cook
Washington Post

The weekend’s coup attempt in Turkey failed because the plotters underestimated how much their country has changed since the last military intervention, writes CFR’s Steven A. Cook. That Turks can no longer tolerate military rule and that President Recep Tayyip Erdogan remains popular meant that the likelihood for the putsch’s success were slim.

See more in Turkey; Military Operations; Political Movements and Protests