Grand strategic assessments focusing only on the narrow constituents of realism – material power, changes in its distribution, and external threat – are radically incomplete and do not account for what nations actually do. Grand strategy is public policy and reflects a nation's mechanisms...

Some authors contend that interdependence is low or declining, others that interdependence is high or increasing. The present essay, offering new data on trade, investment, financial, and political sectors, seeks to draw a trial balance between such views and to show that: (1) some significant...

In 1997-98 Thailand, Korea, and Indonesia were attacked by international financial interests convinced that the countries were not running their economies properly. The trio had borrowed heavily in hard currency, and were unable to repay their debts, at least in the short term. Money flowed out...