The economic collapses of Iceland and Ireland after 2008 are the most severe in the developed world in recent history. This paper assesses five key differences in the causes of and responses to each country’s crisis.
The last decade has seen the arrival of emerging markets, and investors and pundits alike have shown unbounded excitement about the BRICs—Brazil, Russia, India, and China—as the new sources of the world’s economic growth. However, a focus on the BRICs is already out of date. In half of these countries, demographic patterns have shifted, and the future of the world’s growth now looks set to come from a different set of emerging economies, the TIMBIs: Turkey, Indonesia, Mexico, Brazil, and India.
This paper analyzes the political economy of the creeping militarization of U.S. foreign policy. The core argument is that in integrating the “3D” approach, policymakers have assigned responsibilities to military personnel which go beyond their comparative advantage, requiring them to become social engineers tasked with constructing entire societies.
The question of what separated Europe from the rest of the world in the 19th century remains a puzzle, and will remain so if we focus on material factors, or on broad ideological trends. We need to focus on particular elements of modernity unique to Europe, and search for their intellectual origins.