Cornell International Affairs Review - Volume 03, Number 1 (Fall 2009)

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    The G-20 Preempts the G-8: What Kind of World Economic Order?
    Sharma, Shalendra D. (Cornell University Library, 2009-11-01)
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    For Japan, Better Late than Never
    Gerding, William; Montague, Zach (Cornell University Library, 2009-11-01)
    The Japanese general election on August 30, 2009 ousted the Liberal Democratic Party (LDP), which had governed almost uninterrupted for 54 years. In its place rose the Democratic Party of Japan (DPJ) and its leading man Yukio Hatoyama. What follows is a brief profile of the DPJ’s main economic challenges and policies, succeeded by the chief points of contention in the DPJ’s interpretation of Japan’s alliance with the US, the invariable focus of which is military. Now, Japan finds itself at a crucial junction to reassert itself as a regional leader in Asia, whether military or civilian, and it can only do this gracefully by maintaining a relatively undisturbed rapport with the US in economic and military matters. Japan also needs to increase its presence in the Asian economies and, possibly, Asian military affairs, a policy that the US would condone.
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    Putting the B in the BRIC: Brazil's Rise as a Major Emerging Power
    Rodrigues, Gabriel (Cornell University Library, 2009-11-01)
    The world is rapidly changing and the new international order includes developing nations as powerful actors. Among them, Brazil stands out as one of the most influential and promising players. This article examines Brazil’s case as an emerging major power in the international system. Despite several challenges it has yet to overcome, Brazil presents itself as a stable nation capable of being an economically and politically influential. This paper analyzes how Brazil is much more than just soccer, the Amazon, and Carnaval; in reality, it is becoming a powerful actor in the international system that does has a lot to offer. Brazilians always had the hope that some day their country would launch off into an age of economic growth and stability. The promise of living in the “nation of future” has been present in Brazil even in the early 20th century, when thousands of people immigrated dreaming of a better life. Unfortunately, the situation did not play out as nicely as they had hoped. Whether it was due to the fragility of the domestic political regime or its economic failures, Brazil was never able to reach this dream. In fact, Brazil has a long history of ups and downs. All of its booms were short-lived – the milagre economico (economic miracle) of the 1970s, for instance, was quickly followed by a ride with hyperinflation and increasing public debt in the 1980s. Brazil re-established a democratic regime in 1985 with the hopes of beginning a new era of progress and stability. Twenty-five years later this goal is, for the first time, tangible. Brazil now enters the 21st century as one of the main emerging powers in the world. Brazil’s influence abroad increased tremendously in the last decade. Whether it is in speeches over global issues at the United Nations or at meetings of the world’s biggest firms, it seems clear that Brazil is no longer overlooked. This only happened after Brazil finally reached political and economic stability, positioned itself as an international leader, and demonstrated the virtues of several of its unique characteristics. After years of struggle and little self-esteem, Brazil now emerges out of the biggest crisis in 80 years as the prominent leader for Latin America.
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    Why Financial Conglomerates are at the Center of the Financial Crisis
    Wilmarth, Arthur E. (Cornell University Library, 2009-11-01)
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    The Modern Foreign Policy of Russia
    Khudoley, Konstantin K.; Tkachenko, Stanislav L. (Cornell University Library, 2009-11-01)
    Over the two decades of post-Soviet history of modern Russia, its foreign policy has gone through several distinct periods and long-term trends. The periodization of the new Russia’s foreign policy includes a “romantic” or “Kozyrev’s” period, during which the leaders of a democratic Russia tried to integrate the country into a system of institutions and partnerships with the leading Western states. Kozyrev’s departure from his post as foreign minister in January 1996 and the arrival of a new foreign minister, who would later become the Prime Minister, a “political heavyweight” of modern Russia Yevgeny Primakov, marked a change in the strategic direction of the country’s foreign policy. The key definition of this period was “multipolarity.” The arrival of Vladimir Putin to the Kremlin in early 2000, marked a new stage in the development of Russia’s diplomacy. At first it was characterized by attempts to build relations of partnership on an equal footing with Washington and NATO countries in the anti-terrorist coalition, and then, from about 2003, by a gradual build up of contradictions between Russia and the United States. During this period (2000-2008) a special feature of Russia’s foreign policy was its increased assertiveness in relation to the neighboring CIS countries. After the election of Dmitry Medvedev as president in March 2008 Russia has been busy searching for a new strategy for its foreign policy, which would retain some of the achievements of previous periods, but would also be more cooperative toward the leading nations of the world. Such policy should create a favorable external climate for the modernization of Russia’s political system and its national economy.
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    Cornell International Affairs Review: Fall 2009
    Cornell International Affairs Review, Editorial Board (Cornell University Library, 2009-11-01)
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    A World of Financial Models: The French Touch in Deregulation, 1980-2009
    de Lencquesaing, Luis F. (Cornell University Library, 2009-11-01)