The return of the bancor? Chinese ascendancy and the global monetary system
The global financial crisis has so far failed to yield a second Bretton Woods agreement, as some had hoped, but recent calls for a new global reserve currency are beginning to excite the minds of politicians, financiers and scholars alike. Taking inspiration from the ‘bancor’ currency proposed by John Maynard Keynes in 1944, the governor of the People’s Bank of China suggested last month that the global monetary system would benefit from revamping the role of the International Monetary Fund’s special drawing rights (SDRs) to create a uniform global reserve currency.
Linking ecological and economic security
Concerns that the pursuit of a low carbon global economy may lead to further deprivation in the developing world rest on a false assumption. ‘Low carbon life styles’ are already lived by the poor in the ‘South’. It is rich countries, accounting for most of the pollution, which face an unprecedented challenge in adapting their ways of life to allow human societies to survive on the planet.
Michel Foucault’s Political Philosophy
I recently wrote a book about the thought of Michel Foucault. It was published last year under the title The Political Philosophy of Michel Foucault. The book begins with a justification of the use of the term ‘political philosophy’ in relation to Foucault. The reason for caution about this term is precisely the reason why I think it is justified to use it in the title of the book.
The new interventionist state
Discussions on the role of the state have always involved a search for appropriate metaphors. “The taming of the Leviathan,” “the state in retreat,” and even worse, the “slim state” – between fitness and anorexia – are but a handful of examples. The most popular metaphor at present seems to be “the return of the lost Leviathan.” But this metaphor is misleading. The state is not returning from foreign exile.
“In less developed countries politics and not mineral endowments is at the root of violent conflict”. Discuss.
In looking at the cases of Angola, Indonesia and Zaire it can be clearly demonstrated that though minerals are of significance they are only so because of political decisions. The discussion begins with an evaluation of the ‘resource curse’ argument looking closely at its empirical grounding and two main explanatory models: rent seeking and the rentier state. The robustness of this analysis is then questioned and the relationship of mineral resources and politics to the root of violent conflict is assessed through the use of detailed case studies.
The British Invasion of Egypt, 1882
Liberal fire-brand William Gladstone launched his election campaign to become British Prime Minister in 1880 during what was being described by contemporaries as the ‘Great Depression’. The ‘People’s William’ was elected primarily on the back of his promise to reverse the Conservative Party’s jingoistic, imperialist foreign policy under Benjamin Disraeli’s tenure.
The Neo-Taliban: The Shape of Things to Come…
One of the enduring features of Western strategic thinking over the past half-century has been to immediately write off one’s less powerful enemy, if the latter has been militarily overpowered. As the history of contemporary warfare suggests, very often this approach is couched on the realist thinking that a vanquished enemy is incapable of making a comeback.
Should the (or a) Purpose of IR Theory be to Promote Better Futures?
Theory can never be detached from situational context. Far from even contemplating the possibility of bias-free analysis, I argue that any knowledge claim must always be inherently political in nature, capable of stimulating or withholding change in the social context in which the claimant is embedded. If this (admittedly divisive) assumption is correct, it seems the theorist, including the IR theorist, has two somewhat polar options. He can concentrate on and develop theory that ‘leads to analysis that is pro-status quo and amoral’, or alternatively he can concentrate on the critical evaluation of how we come to see a certain range of possibilities in the international arena.
What the Philosophy of Science is Not Good For
The field of IR has been concerned about its scientific status for decades. This concern has led to a number of efforts to make the field “truly scientific” by adopting one or another philosophical and methodological stance: behaviorism in the 1950s, neopositivism in the 1970s and 1980s, and critical realism in the 1990s.
Thirty years on: The Iranian revolution and its impact on the region
At the time, that Tehran is celebrating the thirtieth anniversary of the Islamic Revolution, one should look back to assess the legacies of a social phenomenon that arguably put Islam into the forefront of politics.
