Most of the world's trouble spots arise from separatism, passionate demand for autonomy or independence by ethnic minorities--Kosovo, ETA, Kashmir, Tamil Tigers, East Timor and many others. This article tries to explain this phenomenon. It needs to be distinguished from the dissolution of...

The article analyses the problem of international capital mobility which the Asian crisis has highlighted. It points out that the problem of capital mobility ("hot money" panics) has a long history, but globalization, the opening up of national economies and technological advance have increased...