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February 1, 1999

Europe and Eurasia
The Future of Transatlantic Relations

Notable opportunities exist for the U.S.-European relationship to help mold the twenty-first century’s international system. Despite the absence of the Soviet threat, the two sides of the Atlantic co…

March 26, 1999

Afghanistan
Testimony on the Situation in Afghanistan Before the United States Senate Committee on Foreign Relations

Recent Events and Political Actors in AfghanistanFor policy recommendations, see text of oral testimony1. INTRODUCTION: SUMMARY OVERVIEW1On August 8, 1998, the Taliban (Islamic student) movement of A…

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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October 28, 1999

Financial Markets
The American Stock Market as a Financial Risk

Overview Developed nation policymakers will not likely have to deal with a US stock market decline that precipitates a global downturn. Most likely, guided by active, informed markets and sound go…

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…