GLOBALIZE THIS!
Thursday, March 10, 2005
  DISENGAGING THE GLOBAL COMMUNITY

More of the same here...the Daily Progress Report has the skinny:

FOREIGN POLICY – RETHINK THOSE TRAVEL PLANS: The Bush White House announced yesterday it was pulling the United States out of the international agreement that protects citizens who are imprisoned in foreign countries. The rationale: the White House wanted to stop other countries from being able to fight the execution of its citizens by the United States. The result: Americans living or visiting abroad are now at great risk. The United States, you see, drew up the Optional Protocol to the Vienna Convention on Consular Relations in 1963 as a way to protect Americans living in other countries; the protocol was ratified in 1969. It requires countries to allow the International Court of Justice to intervene when citizens say "they have been illegally denied the right to see a home-country diplomat when jailed abroad." In fact, the United States was the first country to use the protocol, suing Iran for seizing 52 U.S. hostages in Tehran in 1979. The Bush administration withdrawing from the protocol shouldn't come as any surprise, unfortunately. President Bush and his right-hand man Alberto Gonzales have long been foes of the Vienna Convention. In 1997, Gonzales wrote a legal memo for then-Gov. Bush to try to get the state of Texas out of complying with the Convention. At that time, Gonzales sent a letter to the U.S. State Department in which he argued that the treaty didn't apply to the State of Texas, as Texas was not a signatory to the Vienna Convention.

If you aren't reading the Progress Report regularly, what are you waiting for?
  3/10/2005 05:26:00 PM
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  YES, THIS IS THE REAL LOOMING CRISIS

Even conservative stalwart James Baker is recognizing our looming hydrocarbon crisis.

"I think we need to go forward with some sort of gradual, resourceful search for alternative sources," Baker said.

Baker was addressing the threat of global warming. But there ain't enough global warming to offset the chill left when our home heating fuel runs out. (Man, that's happened to me twice already this winter).

It doesn't matter how many OPEC countries we "regime change," there is just not enough oil under the ground to last too much longer.
  3/10/2005 05:19:00 PM
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Wednesday, March 09, 2005
  BLOG UPDATE

Per moderately popular demand, I am now posting links to some of my writings, available on the right hand menu bar (or, on some browsers at the bottom of the page--not sure why this happens, any avid HTMLers out there have a fix for me?).

Don't bore yourself all at once.
  3/09/2005 06:17:07 PM
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  HOW CHINA DOES IT

As promised a while ago, here is some of my recent work on the role of China's capital account controls in its remarkable economic development of the past quarter century.

Despite being heralded as a model globalizer, China's economic evolution is more aptly described as a closed economy that as moved from a system of direct to indirect controls. These institutional changes have allowed greater efficiency in price determination and therefore resource allocation throughout most of the Chinese economy, however the Chinese government still retains elaborate and pervasive controls to mediate the movement of financial capital in and out of its economy. These controls on capital flows have been essential to China's remarkably stable macroeconomic performance, and thus to its long-wave of rapid economic growth--a conclusion that can be drawn from comparison with many of China's neighbors afflicted by financial crises in 1997-1998.

The paper also provides a succinct overview of the risks associated with liberalized international capital flows and the rationales for for proactive management of capital flows.
  3/09/2005 03:38:00 PM
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Tuesday, March 08, 2005
  DUNKIN DONUTS, ALL THINGS TO ALL PEOPLE

Slate is hitting close to my Boston Cream cholesterol-bloated heart today.

Dunkin Donuts is adapting to the Starbucks world, figuring out how to meld leather chairs and WiFi hotspots with donut eating contests. If anyone can, DD can.
  3/08/2005 11:17:00 AM
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Unconventional wisdom on global political economy.

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