Suchergebnisse

an insider's analysis of the political events and economic strategy behind the country's swift transition to capitalism and democracy In Poland's jump to the Market Economy , Jeffrey Sachs provides an insider's analysis of the political events and economic strategy behind the country's swift transition to capitalism and democracy. The greatest challenges to economic reform, Sachs points out, have been primarily political in nature, rather than social or even economic. Sachs reviews Poland's striking progress since the start of the economic reforms three years ago, which he helped to design. He discusses the gains - more than half of employment and GDP is now in the private sector, exports to Western Europe have more than doubled, and economic growth and confidence are returning - as well as the serious problems that remain - high unemployment, a chronic fiscal deficit, the slow pace of privatization of large industrial enterprises, and the fragility of multiparty coalition governments.Sachs points out that leadership is crucial to economic reform in a newly democratic setting, as is the West's timely economic assistance. In Poland's case, the Zloty Stabilization Fund and the two-stage debt cancellation have been essential to keeping the reform program on track. Poland's example has had a powerful impact on reforms throughout the region, including the former Soviet Union, and has done much to dispel the fear that the citizens themselves, allegedly made lazy by decades of socialism, would reject the competitive rigors of a market economy. Overall, Sachs remains firmly convinced of the potential for successful economic reforms in Poland and the rest of the region.

On 10 June 1963 President John F. Kennedy gave a speech that changed the world. His commencement speech at American University helped to spur the signing of a world-changing agreement between the Soviet Union and the United States-the Partial Nuclear Test Ban Treaty. This episode of peacemaking is remarkable for two reasons. First, it arguably helped to save the world, since the nuclear confrontation at that stage of the Cold War was not a 'stable balance of terror', as sometimes described, but rather a highly unstable situation that was prone to accidents, misjudgements and potential disasters. Second, this was an episode of statesmanship in which presidential leadership played a crucial role. Following the Cuban Missile Crisis, Kennedy understood that he bore sole responsibility on the US side to find a way back from the brink of nuclear war. He used the 'peace speech' to create a novel kind of peace diplomacy, and worked together with his counterpart, Soviet leader Nikita Khrushchev, to pull the superpowers back from this precarious brink. (International Affairs (Oxford) / SWP)