Following the dissolution of the Soviet Union in the winter of 1991, the newly-formed Russian Federation took on the challenge of creating a market-oriented economy from the world’s largest state-controlled economy. President Yeltsin’s economic reforms led to hyperinflation and loss of financial security for many who had depended on state pensions, and Russia’s GDP contracted… Read More "Kopeks and Big Macs – Russia’s Move to a Market Economy"
What’s the Beef with Our Chicken? The Fight over Europe’s Common Agricultural Policy
While it is widely recognized that the Cold War was a time of heavy diplomatic involvement and trials, few are familiar with another ongoing transatlantic war during the same period: The Chicken War. The 1957 Treaty of Rome created the European Economic Community, which strived to create an open market throughout Europe. Among this treaty’s… Read More "What’s the Beef with Our Chicken? The Fight over Europe’s Common Agricultural Policy"
The ongoing Eurozone crisis has taken on the dimensions of a long, repetitive Greek drama. After years of imposed austerity, Greece voted against accepting the bailout terms proposed by its EU creditors in a referendum in early July 2015, only to see the leftist government under Prime MinisterAlexis Tsipras accept another bailout in exchange for… Read More "The Greek Debt Crisis — How Did It Get Here?"
It was undoubtedly one of the most unorthodox – and therefore memorable – settings for a major political debate. On July 24th, 1959, the United States opened the American National Exhibition at Sokolniki Park in Moscow. The Soviets and Americans had agreed to hold exhibits in each other’s countries as a cultural exchange to promote… Read More "Nixon vs. Khrushchev — The 1959 Kitchen Debate"
The Marshall Plan — “The Europeans did the job themselves”
After World War II, Europe was recovering from the devastation of conflict and suffered from high unemployment and food shortages; the U.S., however, had emerged as a world power with an economy that had grown during the War. Recognizing the dire needs in Europe and the importance of economic stability, Secretary of State George C.… Read More "The Marshall Plan — “The Europeans did the job themselves”"
The Tumultuous Economy of 1990s Japan
The Lost Decade marked a tumultuous time in Japan’s economic history, as corporations and banking systems played fast and loose with the economic interests of the country as a whole. Originally referring to the period from 1991-2000 and now extending to the last decade as well, it started when the asset price bubble was at… Read More "The Tumultuous Economy of 1990s Japan"
Counterinsurgency in Eastern Afghanistan 2004-2008: Development
Chronic instability, beginning before the Soviet invasion, helped destroy Afghanistan’s already underdeveloped economy. After 9/11, the United States dedicated billions of dollars and significant human effort in the eastern part of the country and elsewhere in the form of aid, infrastructure projects, agriculture development, and investment in education. A number of agencies — including the Department… Read More "Counterinsurgency in Eastern Afghanistan 2004-2008: Development"
The Queen of Thailand Deep in the Heart of Texas
There are many hallmarks of a good diplomat — the ability to understand foreign cultures, communications skills, flexibility, the ability to think on one’s feet. One usually thinks of such skills being used in negotiations on peace accords or bilateral treaties and not with what amounts to a high-level sales trip to Nieman Marcus. However,… Read More "The Queen of Thailand Deep in the Heart of Texas"
Oil, Blood and Steel: The Failed Attempt to Create a Democratic Congo
This is the story of how a corrupt multinational oil company, a self-centered dictator, lingering ethnic tensions, and lack of attention from the West all served to undermine efforts to transform a Marxist-Leninist client state into a democratic African nation. Congo’s struggles have for years been complicated by outside influence from its former colonial ruler,… Read More "Oil, Blood and Steel: The Failed Attempt to Create a Democratic Congo"
It has its share of ardent supporters, who see it as a force for positive economic and social change, as well as die-hard opponents, who lament the loss of jobs and the damage done to some small towns and cities. Whatever the sentiment, it is hard to deny the tremendous effect the North America Free… Read More "The Birth of NAFTA"