Articles / Opinion Editorials archives

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Aug 20, 2014 0 Comments

As NATO withers, whither NATO? Articles / Opinion Editorials, Publications

Authors: J.D. GORDON

As world leaders gather for the NATO summit in Wales during the first week of September, they’ll need to do some collective soul-searching on the alliance’s future.

NATO served its original purpose in preventing the Soviet Union from overrunning Western Europe, but the world isn’t much safer today. Everywhere we look, deadly threats abound — from radical Islamist terrorist groups and a future nuclear-armed Iran to a resurgent Russia focused on restoring an empire to the rise of China, and more.

Despite these shared security challenges, the continued alliance isn’t guaranteed as most member nations balk at budget expectations equaling 2 percent of national gross domestic product, while sharply disagreeing on policy matters, including what constitutes a mutual threat. Meanwhile, in an era of fiscal austerity, calls for isolationism on both sides of the Atlantic are growing louder…. Continue Reading »

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Aug 8, 2014 0 Comments

Promoting Prosperity or Populism? Articles / Opinion Editorials, Publications

Authors: FERNANDO MENÉNDEZ

The establishment of the New Development Bank (NDB) announced at the recent summit of the BRICS (Brazil, Russia, India, China and South Africa) and the Contingent Reserve Agreement (CRA) to assist members facing financial difficulties raises more questions than answers.

For some analysts, the new bank represents an initial step in creating a global financial alternative to the World Bank and International Monetary Fund (IMF), long dominated by the U.S. and other Western nations.  Others have argued it is a step in the process of reforming the existing global economic governance model.  Still others point to Vladimir Putin’s quip that the new fund is intended to protect member countries whose foreign policies run counter to American and European interests from any “harassment.”  Mr. Putin’s rationale strikes a cord in some Latin American capitals. … Continue Reading »