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The current crisis in international lending points up a lesson re-learned several times in the past 150 years: the international loan markets function very differently from the textbook model of competitive lending. This paper discusses various extensions of the basic model. First, we amend the textbook model to show how limitations on a government's taxing authority may greatly affect its optimal borrowing strategy. Second, we explore the implications of adebtor country's option to repudiate debt. Third, we show that efficient lending may require collective actions by bank syndicates, and that a breakdown in collective action can result in serious inefficiencies and even financial panics.

The negotiations concerning the establishment of an International Seabed Resources Agency (ISRA) raise three research questions: 1) what is the current state of the ISRA negotiations, and how have they evolved; 2) what effect do New International Economic Order (NIEO) considerations have on national behavior in these negotiations; and 3) can the ISRA negotiations "succeed" (reach a positive-sum-type outcome) and produce a comprehensive Law of the Sea treaty? A methodology based on thematic content analysis is useful in answering these questions. Despite recent concessions by developed states, continued stalemate in the negotiations is likely. The Group of 77's position has hardened as it has become increasingly united behind demands for a New International Economic Order for the seabeds. Short of a breakthrough on ISRA, neither the ISRA negotiations nor the Law of the Sea Conference can succeed. Such a breakthrough might be generated either by verbal acceptance of the NIEO by the North, or by side payments.

UN-drafted manual for international inter-governmental observers to South Africa's first democratic elections, including an overview of the role of inter-governmental observer missions, the administrative structure of the election process, the voting and counting process, security information and instructions for observers for the voting and counting process. (DÜI-Eng)

Que fait un jeune Américain sur le pavé parisien en 68 ? À la recherche d'un discours politique capable de dépasser l'invocation des droits civiques, l'auteur découvre, à l'occasion d'un tour d'Europe qui le conduit de Londres à Prague, une gauche internationale qui se cherche entre critique du marxisme et nouvelles formes de mobilisation.

The Global War on Terrorism has made policy analysts the world over re-think the implications of corruption for the peaceful existence of states. Corruption has become the enabler by which groups who commit conspiracies on a global scale may threaten international security with relative impunity. Adapted from the source document.

Basic information on opportunities in international business careers, discussing jobs and salaries according to the current job market and according to projections for the future

Inhaltsverzeichnis: Uwe Halbach: Der "Südossetien-Krieg": die regionale Dimension (5-7); Otto Luchterhandt: Völkerrechtliche Aspekte des "Georgien-Krieges" (2008) (8-10); Hans-Henning Schröder: Russland und der Kaukasuskrieg (11-14); Eine Chronologie des russisch-georgischen Konflikts (April - Oktober 2008) (15-19); Der Kaukasuskrieg in den Augen der russischen Öffentlichkeit (20-26); Rainer Lindner: Die Krim als neuer "Frozen Conflict"? (27-28); André Härtel: Interner Machtkampf dominiert Kiews Außenpolitik. Die politische Elite der Ukraine und der russisch-georgische Konflikt (28-30); Ukrainische Stellungnahmen zum russisch-georgischen Konflikt (August 2008) (31-33); Die öffentliche Meinung in der Ukraine zum russisch-georgischen Konflikt und seinen Folgen für die Ukraine (34-36).