Word: mindful
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...Saddam's dictatorial regime was toppled, some of its habits linger. "Certain groups within government want to put their fingerprints all over the work of NGOs and the law governing them," he says. "They still think in terms of control and surveillance. The Iraqi people were raised on this mind-set. It's not easily or quickly erased...
...will take years to create new regulations and build and staff new regulatory agencies. In the meantime, the current crisis will have passed. In Geithner's mind he is doing something for future generations which might face a financial crisis if it were not for his proactive efforts now. But, the whole process of re-regulating the financial system will never be much better than the diligence of the people who run the companies which are regulated...
...creative use of power has failed.) Power is a combination of factors - military, diplomatic, economic, moral - that give a country the ability to make its way in the world. Gelb believes that most recent Presidents have used power foolishly, squandering it - which is something Barack Obama should bear in mind as he goes forth to meet with the world's leaders in Europe the first week in April. The new President has shown a predilection for diplomacy, a subtle strategic sense of the world. But sometimes you have to throw your weight around - quietly, but firmly - and Gelb has raised...
...ironies in the "protection" of those damaged by imports. If you listen to many politicians, especially American ones, you would think that imports are bad, a signifier of economic failure. Trade only "works" if a country runs a surplus. (A logical impossibility when extended to all countries, but never mind.) Free-traders scream: No! It is imports, not exports, that are the whole point of trade; we trade precisely so we can enjoy those goods in whose production others have a comparative advantage. But that message is not easy to get across in hard times...
...precisely that mind-set, however natural it may be, that most needs challenging. It does not take any simplistic endorsement of the benefits of economic globalization to understand that we live in an interconnected world. It isn't just goods that move around the planet. The flow of people from one nation to another - people with all their myriad hopes and resentments - has been taking place on a scale never seen before. Prosperity does not solve everything, God knows, but the world will be a safer place if those who have recently escaped poverty are not now told by those...