Author: admin
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Fragile By Design
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adminBanking sectors are defined not by their capital ratio and balance sheets, let alone their ability to generate various forms of financial products, some of which are so complex and exotic they are “sliced” and “diced” in various permutations to be sold to other banks and economic agencies. The root…
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ASEAN and East Asian International Relations: Regional Delusion
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adminASEAN, the Association of Southeast Asian Nations, is comprised of ten member states and often deemed the second most successful regional organizations after the European Union (EU). Although EU is now torn asunder by tensions emerging from Brexit, the accolade is a testament to the success and longevity of ASEAN..…
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Dealing with China
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adminHenry M. Paulson, writing in the first-person narrative, makes everything look breezy. Unimpeded traffic into China, intimate meetings with the makers and shakers of China and ultimately getting the endorsement from President George Bush to create the “Strategic Economic Dialogue.” But the reality is of course more than meets the…
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Near and Distant Neighbors: A New History of Soviet Intelligence
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adminJonathan Haslam, one of the best historians in University of Cambridge, has yet again produced a masterpiece. It is a magnus opus on the Soviet intelligence system. He has written on intelligence in the European state systems before, and the intelligence system of the Soviet Union during the Cold War.…
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.That Used To Be Us
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adminThis is a book about America getting back its bearings, and if one should, balls. Michael Mandelbaum and Thomas Friedman argued in a compelling manner thatwhile America was sleeping on the job China stole ahead. China has the fastest supercomputer in the world, its infrastructure is littered with high speed…
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Colossus: The Rise and Fall of the American Empire
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admin“Colossus: The Rise and Fall of the American Empire,” speaks about the three deficits faced by America in expanding its reach to the rest of the world. These are: the economic-deficit; the man-power deficit; and the attention-deficit. The first refers to the inability of America to expand its economic imprint…
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The Cambridge History of Southeast Asia: Volume II, Part II
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adminSoutheast Asia, is not so much an academic and political category, as it is a proverbial sponge of world forces. In “The Cambridge History of Southeast Asia: Volume II, Part II,” edited by Nicholas Tarling, the focus from World War II to the present read like a well-written script of…
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The Cash Nexus: Money and Power In The Modern World 1700-2000
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adminHow do countries become powerful? Aong these lines, how do they end up dictating the flow and pattern of history? Niall Ferguson, latching on to historian Thomas Carlye’s concept of the “cash nexus,” argued that the determinants fell into four distinct areas: a tax collecting bureaucracy; national debt; parliamentary democracy;…
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The Holy Grail Of Macro Economics
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adminAll students who specialize in economics t theories of micro and macro-economics, will usually complete their studies with a sound understanding of each theoretical instrument or policy. A Keynesian policy, for example, involves the public sector or government increasing the aggregate demand, by either lowering or increasing the interest rate…
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The Hall of Mirrors
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adminThe Great Depression lasted from 1929-1933 by most accounts. The trigger is usually deemed to have been the introduction of the Smoot-Hawley Act, where 22,000 items flowing into the United States were to be widely taxed; creating a global repercussion and meltdown on an unprecedented scale. The actual story, according…