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The Paul Volker Senior Fellow in International Economics at the Council on Foreign Relations, Washington Post journalist Sebastian Mallaby has garnered New York Times Editor's Choice and Notable Book honors for his enthralling nonfiction. Bolstered by Mallaby's unprecedented access to the industry, More Money Than God tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 2007-2009....
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While American national security policy grew more interventionist after the Cold War, Washington hoped to shape the world on the cheap. Misled by the stunning success against Iraq in 1991, administrations of both parties pursued ambitious aims with limited force, committing the military frequently but often hesitantly, with inconsistent justification. These ventures produced strategic confusion, unplanned entanglements, and indecisive results. This...
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Against the backdrop of China's mounting influence and North Korea's growing nuclear capability and expanding missile arsenal, South Korea faces a set of strategic choices that will shape its economic prospects and national security. In South Korea at the Crossroads, Scott A. Snyder examines the trajectory of fifty years of South Korean foreign policy and offers predictions-and a prescription-for the future. Pairing a historical perspective with a...
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When confronted with a persistent foreign policy problem that threatens U.S. interests, and that cannot be adequately addressed through economic or political pressure, American policymakers and opinion formers have increasingly resorted to recommending the use of limited military force: that is, enough force to attempt to resolve the problem while minimizing U.S. military deaths, local civilian casualties, and collateral damage. These recommendations...
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No country feels China's rise more deeply than Japan. Through intricate case studies of visits by Japanese politicians to the Yasukuni Shrine, conflicts over the boundaries of economic zones in the East China Sea, concerns about food safety, and strategies of island defense, Sheila A. Smith explores the policy issues testing the Japanese government as it tries to navigate its relationship with an advancing China. Smith finds that Japan's interactions...
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