88 Foreign Aff. [i] (2009)

handle is hein.journals/fora88 and id is 1 raw text is: 


                        FOREIGN

                        AFFAIRS





                     JANUARY/ FEBRUARY 2009
                        VOLUME 88, NUMBER 1



                        Financial Fallout

The Great Crash, 2008 Roger C. Altman                                      2
     The economic collapse of 2008, the worst in over 75 years, is a major geopolitical
     setback for the West. It has stripped Washington and European governments of the
     resources and credibility they need to maintain their roles in global affairs. These
     weaknesses will eventually be repaired, but in the meantime theywill accelerate trends
     that are shifting the world's center of gravity away from the United States.
From Doha to the Next Bretton Woods
     Aaditya Mattoo andArvind Subramanian                                 15
     World leaders may be tempted to revive the failed Doha Round of international
     trade talks. But Doha does not address the world's most urgent economic problems,
     including those that contributed to the current financial crisis. Instead, what is
     needed is a new conversation-a Bretton Woods II-that speaks to the needs of
     traditional and emerging power's alike.


                                Essays

A Balanced Strategy RobertM          Gates                               28
     The United States cannot expect to eliminate national security risks through higher
     defense budgets: to do everything and buy everything. The Pentagon must set
     priorities and consider tradeoffs. It must balance trying to prevail in today's conflicts
     and preparing for tomorrow's, institutionalizing counterinsurgency capabilities and
     maintaining its edge in conventional warfare.

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