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Good News from Africa

The power of individuals and markets in the development process is key to the continued economic dynamism of sub-Saharan Africa.

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Mission Essential: Leveraging and Protecting Our Special Forces

Military leaders must build the optimal balance between special and conventional forces, or risk relearning the lessons of previous conflicts in a future one.

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A Deficit of Reasoning on Jobs

The link between the balance of payments, GDP, and jobs is not as Paul Krugman and others assume.

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100 Years of the Panama Canal

One of the supreme engineering feats of the early 20th century, the canal has been an immense boon to shipping and of major geopolitical benefit to the United States.

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No Free Lunch for the ECB

The IMF is urging the ECB to implement massive quantitative easing, but such a course of action is unlikely to promote short-term economic growth and would risk creating bigger bubbles in many asset markets.

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Capitalizing on the Capitalist Peace

The next time the United States is compelled to try to rescue and rehabilitate a broken nation, Washington needs to pay as much attention to building free markets as to holding free elections.

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Europe's Energy Problem

Developments in the Middle East and Ukraine show Europe needs to improve its energy policy or face serious economic consequences.

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The G-7 Weighs in on SIFI Designations

The Treasury and Federal Reserve, afraid of congressional opposition, sought G-7 support for accelerated SIFI designations of capital markets firms.

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The Natural Gas Boom: Questions and Complications

Complex changes do not bring unalloyed benefits, and rather than adhering to a simplistic infatuation with new riches, we should recognize a number of already obvious complications and ask a number of necessary questions.

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Europe in Denial

Despite an electorate that is increasingly hostile to the European project and the risk that Europe could be drifting towards Japanese-style deflation, European policymakers remain complacent.

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North Korea's Paradoxical Upswing in Trade

Never before has the North Korean economy been so totally dependent on the largesse of a single trade patron as it appears to be today.

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Al Qaeda Isn’t ‘On Its Heels’

The president’s optimistic characterization of the al Qaeda threat in South Asia is increasingly outdated. The terrorist group is regenerating due to a pause in U.S. drone activity and the ongoing withdrawal of U.S. troops.

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Are the U.S. Dollar’s Days Really Numbered?

The U.S. dollar will remain the world's reserve currency because no other major currency offers such liquidity, depth of financial markets, and store of value.

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Favoring 'Stability' Over Liberty in Venezuela

U.S. policy toward Venezuela is not only unjust, it’s foolish.

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Disclosure: Iran’s New Diplomatic Weapon

In what is ostensibly intended as a confidence-building measure, Iran is preparing a ‘comprehensive document’ detailing the extent of its quarter-century-old nuclear effort. But the product won’t come quickly.

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Have the Limits to Economic Growth Really Been Reached?

Robert Gordon has painted a dark picture of the world’s long-run economic growth prospects. But if the past is any guide, he will likely prove to be far too pessimistic about the human capacity to innovate.

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U.S. Leadership Rating Rises. Huh?

The objective of foreign policy is to secure the defined interests of the United States. It may appear to be easier to succeed at such an endeavor if foreigners like us, but don’t be so sure.

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Hoping for China's Success

There is one effort in which everybody should wish to see China successful: preservation of the country’s farmland. It has already been reduced to well below the level needed to keep the country self-sufficient in grain production.

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Do We Really Need a Larger IMF?

Several developments should cause the U.S. Treasury to reverse itself in favor of a smaller International Monetary Fund.

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How to Avoid Another Global Financial Crisis

Human emotions and animal spirits are increasingly driving economic outcomes.

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