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February 1, 1998

Economic Crises
Riding the Tigers

Overview The Asian financial market meltdown and the fierce debate over the U.S. role in a bail-out tend to obscure the huge scale of American exports to the region, currently $200 billion a year…

Report by James J. Shinn, Raymond J. Albright, Robbin S. Johnson, David J. Rothkopf, and Christopher B. Johnstone

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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Report by Robert A. Blecker

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…

Report by Susan Ariel Aaronson

February 15, 2000

Lebanon
Hizballah of Lebanon

Overview At first glance, Hizballah's position on the State Department's list of groups that sponsor terrorism would seem to be secure.1 This is not hard to understand, because since the early 198…

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Report by Augustus Richard Norton

March 24, 2000

Diplomacy and International Institutions
The United States, Japan, and China

During the twentieth century, as the United States grew into a world power, Americans confronted two major powers in Asia: China and Japan. Of course, there were and are other crucial factors in Asia…

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Report by Neil E. Silver