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...Sarkozy, in his address to the U.N. last month, called for a world summit to lay the foundations for more state regulation to replace the current laissez-faire approach. We may be at a new "Bretton Woods moment." As the world emerged from the Great Depression and World War II, it realized there was need for a new global economic order. It lasted more than 60 years. That it was not well adapted for the new world of globalization has been clear for a long time. Now, as the world emerges from the Cold War and the Great Financial Crisis...
Kang Il Chul, a South Korean woman abducted from her home at age fifteen and forced into sex slavery during World War II by Japanese soldiers occupying Korea, told her story to a packed crowd of students at Harvard Law School’s Pound Hall yesterday evening. “When they came for me it was on a day when my parents were not at home. I was fifteen. They had no way of knowing where I was,” Kang said through a translator. “They had to live with sorrow. How much...
...international spread of democracy, especially in the Middle East. Traub examines not only how the US tried to create democracies in foreign countries, but why they did not always succeed. While both Germany and Japan, where the populations desired democratic systems, emerged as successful democracies after World War II, attempts to institute democracy in places like Russia and Haiti have failed. Because of corruption in their governments and our lack of commitment to attitude adjustment, both countries have seen democracy devolve into more authoritarian regimes. Traub argues that Bush should have paid heed to these lessons in Iraq...
...mostly rural southern province of Carinthia. In 1999 he led the rightist Freedom Party to 27% of the national vote, a result that triggered outrage in Europe and, ultimately, sanctions from the E.U. In last month's elections, the far right had its best showing since World War II, with support from nearly 50% of Austrians under age 30--an outcome that ensures that Haider's divisive legacy will live...
...ending the Depression--it didn't--but for putting in place a host of creations like the FDIC, Social Security, unemployment insurance, the Securities and Exchange Commission and a vastly strengthened Federal Reserve system. Complemented by the multilateral bodies that were spawned at the end of World War II, these institutions formed a latticework of stability and security on which the nation's and the world's economies grew so robustly that a new word, globalization, was coined to describe the results...