Table of Contents 4/2001

Editorial
Comment
Articles
Reading Tips
Résumés / Summaries / Zusammenfassungen
Authors

Comment:

Howard Wachtel
The Tobin Tax as Fund for Financial Stability

Articles:

Kunibert Raffer
Let Countries Go Bankrupt. The Case for Fair and Transparent Debt Arbitration

Insolvency procedures for highly indebted countries make economic sense and are technically feasible. They would substitute the Rule of Law for creditors' dictates and they would safeguard human rights. Political resistance by rich country governments spells unnecessary misery for millions of poor people.

Carlos Santiso
Promoting Democracy in Developing Countries. Promises and Dilemmas

After a decade of democracy assistance, success has stayed well behind intentions. To improve the outcome, foreign aid has to supplement its focus on technocratic institution-building by attempts to redress the power balance in the recipient country.

Harald Müller
Middle Eastern Threats to the Atlantic Community

Weapons of mass destruction in the possession of Middle Eastern states are a matter of increasing concern, even though a sober analysis of conflict configurations does not warrant alarmist threat scenarios. Europeans emphasize peace diplomacy and multilateral arms control whereas the U.S. puts priority on military response options.