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Roundtable: Dealing Justly with Debt
Introduction: Dealing Justly with Debt [Full Text]
The contributors to this roundtable investigate the broader question of how to structure sovereign debt negotiations so as to help prevent countries from falling into financial crises and indebtedness, and to enable those that do to avoid imposing unacceptable costs on other parties.
Resolving International Debt Crises Fairly [Full Text]
If global economic justice is to be achieved, debt crises must be assessed within the broader context of the international financial system. But this system has fostered instability and recurrent financial crises that have severely harmed poor countries and their people.
Reviving Troubled Economies [Full Text]
The collapse in Argentina and the enormous cost paid by so many people in that country—as well as by the creditors of Argentina—from the massive financial and economic dislocation and disruption was not inevitable.
The Constructive Role of Private Creditors [Full Text]
Policy-makers in Washington and other capitals of G-7 countries have been flogging the idea that the functioning of the world’s financial markets must be improved by making it easier for insolvent governments to obtain debt relief.
Sovereign Debt Restructuring Proposals: A Comparative Look [Full Text]
Regarding the problem of sovereign borrower insolvency, two factors must be considered in this discussion: The impact on economic efficiency, in particular the price of credit for developing countries, and a regard for considerations of justice and procedural fairness.
Special Section: The Revival of Empire
Introduction: The Revival of Empire [Full Text]
Our contributors explore the recent historical developments that have made the idea of empire seem perhaps less objectionable after a long period in which it was used as a term of insult or as an argument stopper.
Liberal Empire: Assessing the Arguments [Full Text]
The aim of this essay is not to define empire for all purposes, but to examine the most plausible and, arguably, influential arguments for a new imperial policy, chiefly in the realms of political and military power.
Empire and Moral Identity [Excerpt]
Mehta examines, briefly, whether America is vulnerable to the "corruptions" of empire and the weight we should place on this moral consideration.
International Justice as Equal Regard and the Use of Force [Abstract]
Have we any obligations beyond our own borders? What form do these take? These questions are addressed through a concept of comparative justice indebted to the just war tradition and the equal moral regard of persons.
The Invisible Hand of the American Empire [Excerpt]
Economic globalization looks like the "powerless" expansion of communications and markets, but allows the United States to harness the rest of the world to its rhythms and fortify its empire-like power. Action by Europe, China, and East Asia is a vent for hope.
Network Power and Globalization [Excerpt]
With the celebratory view of globalization comes the charge that it represents a kind of empire. But power works in voluntary processes, such as learning English or joining the World Trade Organization. “Network power” may explain the dynamic that drives aspects of globalization.
Representing Contemporary War [Full Text]
Sontag's photos of Sarajevo question "the notion of the CNN effect" because "[t]he political context into which the pictures were being inserted was already set, with military intervention not an option, and no amount of horrific photographs was going to change that."
The Guilt of Nations? [Excerpt]
Olick considers Sebald's examination of the memory of German suffering, and asks "How legitimate is this new interest in German suffering, previously associated with nationalist revanchism and discreditable positions? The answer depends on the purpose. . . ."
"One World: The Ethics of Globalization," Peter Singer (New Haven: Yale University Press, 2002) and "World Poverty and Human Rights," Thomas Pogge (Cambridge: Polity, 2002)
The main impact of both books may be to unsettle what Pogge has called everyone’s favorite prejudice—that the way in which citizens of rich countries currently live their lives is, on the whole, morally acceptable.
The Guilt of Nations?
Jeffrey K. Olick reviews
On the Natural History of Destruction, W. G. Sebald, trans. Anthea Bell
Adenauer’s Germany and the Nazi Past: The Politics of Amnesty and Integration, Norbert Frei, trans. Joel Golb
Romantics at War: Glory and Guilt in the Age of Terrorism, George P. Fletcher
RECENT BOOKS ON ETHICS AND INTERNATIONAL AFFAIRS
Expanding Global Military Capacity for Humanitarian Intervention, Michael E. O'Hanlon
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War Is a Force That Gives Us Meaning, Chris Hedges
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After Jihad: America and the Struggle for Islamic Democracy, Noah Feldman
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Washington et le monde: Dilemmes d’une superpuissance, Pierre Hassner & Justin Vaïsse
American Empire: The Realities & Consequences of U.S. Diplomacy, Andrew J. Bacevich
REVIEWED BY GREGORY M. REICHBERG