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July 1, 1999

International Law
Toward an International Criminal Court?

Read an excerpt of "Toward an International Criminal Court?" Overview Backed by strong international support, the formation of a permanent International Criminal Court (ICC) will soon replace t…

September 1, 2000

Budget, Debt, and Deficits
Future Visions for U.S. Defense Policy

Overview Though threats to American security have changed dramatically in the last decade, U.S. defense policy and military forces look a lot like they did during the closing days of the Cold War…

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October 4, 2000

Humanitarian Intervention
Humanitarian Intervention

Overview Americans have spent much time in the last ten years arguing whether to intervene in places like Kosovo, Rwanda, and East Timor—and there will almost certainly be no policy consensus in f…

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January 1, 1996

Financial Markets
Contending with Capital Flows

Overview This paper compares and contrasts three distinct periods of sudden decline in international capital flows to developing countries: the 1930s, the 1980s, and the period following Mexico's …

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January 1, 1998

Intellectual Property
Pirates on the High Seas

Overview U.S. trade is increasingly dependent on high-technology and innovation-intensive goods. Companies like Microsoft, Merck, Tommy Hilfiger, or Disney represent very different parts of the U…

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July 1, 1998

Capital Flows
Capital Flows and the International Financial Architecture

Overview This paper addresses the questions that arose out of the Asian financial crisis of 1997-1998, specifically whether or not financial liberality is inherently beneficial. Several notable sc…

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June 10, 1999

Financial Markets
Private Capital Flows, Emerging Economies, and International Financial Architecture

Overview Firms and development strategies based on a rear-view mirror view will leave companies, projects, and entrepreneurs scrambling for capital access. The control of capital in the developed …

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October 7, 1999

Trade
The Diminishing Returns to Export-Led Growth

Overview In the 1970s and 1980s, there was a tremendous sea-change in development policy thinking, among both academic economists and policymakers. The inward-oriented, import-substitution strateg…

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November 17, 1999

Trade
Who Decides? Congress and the Debate Over Trade Policy in 1934 and 1974

Introduction Governor Adlai E. Stevenson thought trade policy was boring; he once described it as one field where the greatest need is for fresh clichés. He had a point. In the long period that th…

December 1, 1999

Emerging Markets
Building the Financial Infrastructure for Middle Class Emerging Economies

Overview The export-led growth model for emerging economies is driven by their need to service external debt and build foreign exchange reserves. It has foundered in the aftermath of financial cri…

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