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According to the new German defense policy concept, the German armed forces can be deployed abroad in multinational operations to establish security and to manage the aftermath of conflict in crisis areas. This paper investigates different aspects, resulting prospects and consequences connected with this challenge. It focuses on the meaning of intercultural competence with respect to the primary objective of Germany´s foreign deployment policy to achieve sustained, comprehensive and integral crisis prevention, and to generate peace in the 21st century.
The second election of President Bush is the climax of twelve years of successful activity by the Republicans. Rarely before could an American president rely on a majority in both houses of the Congress. Consequently, Bush has ever since his re-election conveyed the impression that he is committed to follow the paths he had taken during his first term at home and in international affairs without any concessions. Therefore, also his new initiatives towards Europe seem to be aimed only to improve the transatlantic atmosphere but not to develop a more cooperative American foreign policy.
Despite the difficult situation in Iraq, US President Bush easily won a second term, but his room for manoeuvre is now significantly smaller than it was four years ago. He has at least three conflicts on his plate: the first and most critical one in Iraq, the second the continuing war on terror and the third the struggle to consolidate Afghanistan. Conscious of the growing risk of US overstretch, Bush is now reaching out to the European allies. However, most observers anticipate a change in style rather than any real change in substance.
This article analyzes to what extend new knowledge and ignorance-structures within financial markets challenge basic assumptions in scientific discourse. ‘Ignorance’ is seen as an inherent part of governance-regimes. It is argued that the self-fulfilling prophecy of a bank run as the dominant metaphor for systemic risks is insufficient to capture today’s dynamics and categorical changes. Therefore, the paper seeks to show that ‘science’ has not sufficiently attempted to fully come to terms with issues of uncertainty and self-reference.
The paper analyzes the impact of financial globalization on corporate governance systems. While shareholder systems are relatively unaffected by globalization pressures, the burden of adjustment rests primarily on stakeholder systems, owing to their dominant non-market forms of coordination. Convergence theory therefore expects a transformation of stakeholder systems towards shareholder systems, whereas the ‘hybridization thesis’ argues for a combination of elements from shareholder and stakeholder systems as a result of globalization. The ‘Varieties of Capitalism’ approach expects stability in corporate governance systems and a continuation of differences between them.
Es ist doch Politik! : Liberalisierung und Integration der Finanzmärkte als politischer Prozess
(2005)
This article examines the liberalization and cross-border integration of European financial markets from a political-economic perspective. Three features particularly come to the fore: First, national liberalization and European integration have been two sides of one integrated political process that owes its specific dynamics to the conflicts of interest between different groups of actors. Second, not only effective liberalization, but also market integration relies on an extension and formalization of public financial market regulation – and thus seemingly on ‘more state’. Third, the established distinction between ‘state’ and ‘market’ and their respective roles is insufficient for a proper understanding for the politics of financial market regulation.
Editorial
(2005)
Globale Finanzmärkte
(2005)
Sicherlich geht es bei der Gestaltung der gewaltigen globalen Finanzströme nicht darum, ein zweites Bretton Woods-System als Prokrustesbett herzurichten, sondern diese polymorphen Strukturen gilt es grenzüberschreitend zu regulieren. Das betonen Norbert Walter, Bernhard Speyer und Alexander Börsch in ihren Beiträgen. Oliver Keßler fragt, inwieweit der Wissensvorsprung von Finanzakteuren staatliche Regulierungsbemühungen unterwandert. Und Daniel Mügge stellt fest: Bei allen technischen Fragen der Regulierung gilt: Politique d´abord, es ist vorrangig ein politisches Problem! Im Kontext der Terrorismusbekämpfung sind illegale Finanzaktivitäten stärker ins Visier geraten. Diese Schnittstelle von Ökonomie und Sicherheit diskutieren Jan Bittner und Markus Lederer, wobei sie die Defizite bisheriger Strategien aufzeigen und den „genuin politischen Umgang“ mit den Finanzquellen des Terrorismus einfordern.
Literaturbericht Rezensierte Literatur: Nikolaus Werz: Lateinamerika. Eine Einführung, Nomos Verlagsgesellschaft, Baden-Baden 2005, 400 S., ISBN 3-8329-1068-9 Klaus Bodemer/Detlef Nolte/Hartmut Sangmeister (Hrsg.): Lateinamerika Jahrbuch 2004, Vervuert, Frankfurt a.M. 2004, 385 S., ISBN 3-86527-123-5 Peter Imbusch/Dirk Messner/Detlef Nolte (Hrsg.): Chile heute. Politik, Wirtschaft, Kultur, Vervuert, Frankfurt a.M. 2004, 957 S., ISBN 3-89354-590-5 Walther L. Bernecker/Marianne Braig/Karl Hölz/Klaus Zimmermann (Hrsg.): Mexiko heute. Politik, Wirtschaft, Kultur, Vervuert, Frankfurt a.M. 2004, 3. vollständig neu bearbeitete Auflage, 826 S., ISBN 3-86527-140-5 Rafael Sevilla/Andreas Boeckh (Hrsg.): Venezuela – die Bolivarische Republik, Horlemann, Bad Honnef 2005, 322 S., ISBN 3-89502-197-0
This article asks how the internet has been contributing to the trans-national networking of the radical right and whether the radical right has the capacity to act as a trans-national movement. Taking into account language difficulties, the ideological background of ultra- nationalism and internal disputes, the analysis shows that the radical right-wing transnational networking has hardly developed. Additionally, its internet users’ potential is too low to contribute to a stronger trans-national alignment. The obstacles remain despite improved technological possibilities. This is proven by empirical examples of virtual trans-national networks.
This article explores the impact of the internationalised economy on work relationships between German companies and their subsidiaries in Eastern and Central Europe. The author refers to empirical research findings in the field of social sciences that shed light on the interest groups’ scope of participation in international competition for investments.
The author argues that growth determines employment and not the other way around. He opposes the widespread view among German economists that more employment generated by wage cuts or increased labour market flexibility will stimulate growth. For him, this view relies on theoretical prejudices that have to be rejected in light of some recent, simple evidence. The fact that all cyclical rebounds during the 1990s have been cut short by restrictive monetary policy explains the inability of the German labour market to regain full employment.
1945 und die Polen
(2005)
The current series of anniversaries concerning World War II raise the question of how Poland is coming to terms with its past. The article summarises the ongoing Polish debate about the Warsaw Uprising and the changing perspectives on Polish history in society and political circles. The discussion about Poland’s view on its own past has great influence on recent foreign political relations, e.g. with Germany, the Ukraine, or Russia.
Since 9/11, the fight against the financial sources of terrorism has become a major arena for international co-operation. In the first part, the paper highlights the borderline between security studies and international political economy. The second part of the paper asks how successful the international community is in this fight. The authors show that the idea of seizing terrorist funds and denying access to the international financial system is not a very promising one. They conclude that, so far, results have been mixed and that only a political approach to the problem promises a solution.
In the spring 2004 issue of WeltTrends, Gunther Hellmann sparked a debate on Germany's foreign policy. He argued that Germany’s international behaviour is dominated by a "realpolitik" policy, generally referred to as "normalization". For Hellmann, this transformation indicates one of the "deepest crisis of Germany’s foreign policy" ever. The first three parts were published in the summer, fall and winter editions (no. 43, 44 and 45) of WeltTrends, which featured contributions of German International Relations scholars as well as experts from abroad. In this issue, foreign policy makers and a Polish expert join the debate.
The German Ostpolitik of the Red-Green government between 1998 and 2005 focused particularly on the autocratic Russia. It mostly ignored the other – democratic – states in Central and Eastern Europe. Since this policy failed to improve the stability in the region, a policy change is necessary. Regional stability can only be based on the equal cooperation of democratic states. Germany should therefore intensify her support for the democratic forces in the region and integrate her policy into a common Ostpolitik within the EU.