Brookings Review

Quarterly magazine focuses on economic, political and foreign policy issues.

Articles from Vol. 15, No. 2, Spring

Campaign Finance Reform: Dead on Arrival?
Campaign fundraising is well on its way to becoming the blockbuster issue of the 105th Congress. Each day brings new revelations about the aggressive and shameless tactics used by the Clinton administration to press supporters for large, soft-money contributions...
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Commercializing Foreign Policy? American Trade Policy, Then and Now
When President Clinton took office in 1993, his administration appeared determined to focus single-mindedly on the nation's economic problems. International issues were to receive less attention, except inasmuch as they might affect American commerce....
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Foreign Policy Flashpoints: Bosnia
American-led multinational intervention to bring peace to Bosnia and Herzegovina was a resounding success in 1996. Although Bosnia is more divided now into three ethnically homogeneous ministates than it was a year ago, the war has stopped. Elections...
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Foreign Policy Flashpoints: Korea
North Korea is a peculiar, very isolated society. It is still a communist state. It's a very elitist state, organized, in terms of loyalties, like a tribe. It is in terrible economic condition acknowledged to be so, but even worse than publicly acknowledged....
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Foreign Policy Flashpoints: The Middle East
Last January's heralded Israeli-Palestinian agreement to implement the long-delayed Israeli withdrawal from Hebron and to set dates for full implementation of the Oslo accords was a critical step toward Middle East peace. It stopped the backward movement...
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Foreign Policy Tools: Defense Spending
As Congress shapes the federal budget for 1998, with the goal of fiscal balance by 2002, debate rages over whether it is possible, once again, to cut U.S. defense spending. Some analysts argue that today's military, with annual real spending still 85...
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Foreign Policy Tools: Foreign Aid
At a time when the entire foreign affairs budget is under fire, it is more important than ever to address the question of whether foreign aid is effective. Official development assistance, or ODA, as the foreign assistance component of the foreign affairs...
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Foreign Policy Tools: The Foreign Affairs Budget
American spending on foreign assistance and diplomacy has fallen by more than 15 percent since the 1980s. Under current plans to balance the federal budget by 2002, the U.S. international affairs budget would fall again as much - if not more. With the...
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International Monetary Arrangements: Is There a Monetary Union in Asia's Future?
During 1995-96 the yen-dollar exchange rate endured a cycle of violent fluctuation. From 100 yen at the beginning of 1995 the dollar fell to 80 yen in April. At that point worried central bankers in Japan, the United States, and Europe intervened and...
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Reinventing Parole and Probation
No one - at least no one in elite policy-wonk circles - is a bigger fan of incarcerating known, adjudicated adult and juvenile criminals than I am. No one has written more over the years about the cost-effectiveness of incarceration as measured both...
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Relations with the Great Powers: China
Last January, a high-level Chinese official visiting the United States aptly summarized Sino-American relations at the beginning of the second Clinton term. "The atmosphere is better," he told his American hosts, "but the problems are many." The atmosphere...
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Relations with the Great Powers: Japan
The post-World War II security relationship between Japan and the United States was based on a bargain inspired by the Soviet threat: the United States agreed to defend Japan in exchange for access to military bases in Japan. Since the Cold War's end,...
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Relations with the Great Powers: NATO and Russia
Expansion of NATO - or, as its advocates now prefer to term it, NATO enlargement - is the most important international issue on the agenda today. Yet it has received far too little real consideration. Support in Washington and most other NATO capitals...
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Starting Over
Foreign Policy Challenges for the Second Clinton Administration The second Clinton administration begins with an uneven inheritance in the area of foreign policy. On the positive side, the president and those around him have four years of experience...
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The Orphaned Capital
THE NATION'S CAPITAL IS IN FISCAL CRISIS. THE BUDGET DEFICIT FOR THE DISTRICT OF COLUMBIA FOR THE CURRENT FISCAL YEAR IS $74 MILLION. A PRESIDENTIALLY APPOINTED CONTROL BOARD HAS BEEN CHARGED WITH BALANCING THE DISTRICT'S BUDGET BY 1999. Revenue Options...
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The Politics of Immaculate Conception
CONGRESS SHOULD SET THE BUDGET, NOT THE CPI Last December the Advisory Commission to Study the Consumer Price Index issued a report arguing that the CPI has been overstating inflation for the past few decades - by 1.1 percent in recent years. The commission...
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The Use of Force
In 1992 Army General Barry McCaffrey (now the drug czar) of the Joint Chiefs of Staff testified before Congress on the crisis in the Balkans. McCaffrey told the legislators that the Joint Chiefs, then chaired by General Colin Powell, had concluded that...
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