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Brookings Institution Press

Website: http://www.brookings.edu/press

In its research, The Brookings Institution functions as an independent analyst and critic, committed to publishing its findings for the information of the public. In its conferences and activities, it serves as a bridge between scholarship and public policy, bringing new knowledge to the attention of decisionmakers and affording scholars a better insight into public policy issues.

Publication and dissemination of public policy research are essential parts of the Brookings mission. The Press publishes books that result from the Institution's own research and books of a similar nature written by outside authors.


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Brookings Institution Press

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Arming without Aiming Cover

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Arming without Aiming

India's Military Modernization

Stephen P. Cohen and Sunil Dasgupta

India has long been motivated to modernize its military, and it now has the resources. But so far, the drive to rebuild has lacked a critical component—strategic military planning. India's approach of arming without strategic purpose remains viable, however, as it seeks great-power accommodation of its rise and does not want to appear threatening. What should we anticipate from this effort in the future, and what are the likely ramifications? Stephen Cohen and Sunil Dasgupta answer those crucial questions in a book so timely that it reached number two on the nonfiction bestseller list in India.

"Two years after the publication of Arming without Aiming, our view is that India's strategic restraint and its consequent institutional arrangement remain in place. We do not want to predict that India's military-strategic restraint will last forever, but we do expect that the deeper problems in Indian defense policy will continue to slow down military modernization."—from the preface to the paperback edition

Arthritic Japan Cover

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Arthritic Japan

The Slow Pace of Economic Reform

Edward J. Lincoln

In the late 1980s, Japan's strong economic performance put it on a the verge of becoming a major player in regional and global affairs. But nearly a decade of economic stagnation, a mounting of bad debts, and a continuing stream of scandals have tarnished the country's distinctive economic model. At the turn of the millennium, the Japanese economy remained mired in a pattern of stagnation. As this disappointing condition dragged on, the government pursued policies to restore economic health. Yet Japan has been slow to embrace the systemic reform on which a robust economic recovery depends. In Arthritic Japan, Edward J. Lincoln examines the causes and implications of this weak response. Concluding that Japan is unlikely to pursue the vigorous reform necessary for economic growth, Lincoln warns of serious consequences: a stumbling economy bedeviled by recession and financial crisis, eroding leadership in economic and security issues, a continued defensive trade posture, and a disgruntled population that could turn a more nationalistic stance in foreign policy.

Asia and Policymaking for the Global Economy Cover

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Asia and Policymaking for the Global Economy

foreword by Haruhiko Kuroda. edited by Kemal Dervis, Masahiro Kawai, and Domenico Lombardi

In this collaboration between the Brookings Institution and the Asian Development Bank Institute, eminent international economists examine the increased influence of Asian nations in the governance of global economic affairs, from the changing role of the G-20 to the reform of multilateral organizations such as the International Monetary Fund.

Established in the aftermath of the Asian financial crisis at the ministerial level, the G-20 has served as a high-level platform for discussing economic analyses and policy responses since 1999. During the current global financial crisis, however, the G-20's role moved toward that of a global crisis management committee at the leadership level. The challenge now for the G-20 is to succeed in fostering ongoing and increasing cooperation among its members while being supportive of, rather than trying to replace, more universal institutions.

After analyzing the dynamics of growth in Asia comparatively and historically, the volume appraises the scope for policy coordination among key economies. The contributors analyze financial stability in emerging Asia and then assess the implications of Asia's increasing role within the newly emerging system of global economic governance, focusing especially on reform of the international monetary structure.

Contributors: Dony Alex (ICRIER, New Delhi), Kemal Dervis¸ (Brookings), Hasan Ersel (Sabanci University), Karim Foda (Brookings), Yiping Huang (Peking University), Masahiro Kawai (ADBI), Rajiv Kumar (FICCI, New Delhi), Domenico Lombardi (Oxford University and Brookings), José Antonio Ocampo (Columbia University), Jim O'Neill (Goldman Sachs)

Asia in Washington Cover

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Asia in Washington

Exploring the Penumbra of Transnational Power

Kent E. Calder

For several centuries, international relations has been primarily the purview of nation-states. Key powers have included at various times Great Britain, France, Japan, China, Russia (then the U.S.S.R., and then Russia again), and the nation most influential in international relations for the past several decades has been the United States. But in a world growing smaller, with a globalizing system increasing in complexity by the day, the nation-state paradigm is not as dominant as it once was.

In Asia in Washington, longtime Asia analyst Kent Calder examines the concept of "global city" in the context of international affairs. The term typically has been used in an economic context, referring to centers of international finance and commerce such as New York, Tokyo, and London. But Calder extends the concept to political centers as well —particularly in this case, Washington, D.C.

Improved communications, enhanced transportation, greater economic integration and activity have created a new economic village, and global political cities are arising within the new structure —distinguished not by their CEOs or stock markets but by their influence over policy decisions, and their amassing of strategic intelligence on topics from national policy trends to geopolitical risk.

Calder describes the rise of Washington, D.C., as perhaps the preeminent global political city —seat of the world's most powerful government, center of NGO and multilateral policy activity, the locale of institutions such as the World Bank and IMF, and home to numerous think tanks and universities.

Within Washington, the role of Asia is especially relevant for several reasons. It represents the core of the non-Western industrialized world and the most challenge to Western dominance. It also raises the delicate issue of how race matters in international global governance —a factor crucially important during a time of globalization. And since Asia developed later than the West, its changing role in Washington raises major issues regarding how rising powers assimilate themselves into global governance structure. How do Asian nations establish, increase, and leverage their Washington presence, and what is the impact on Washington itself and the decisions made there? Kent Calder explains it all in Asia in Washington.

Asian Perspectives on Financial Sector Reforms and Regulation Cover

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Asian Perspectives on Financial Sector Reforms and Regulation

edited by Masahiro Kawai and Eswar S. Prasad

Although emerging economies as a group performed well during the global recession, weathering the recession better than advanced economies, there were sharp differences among them and across regions. The emerging economies of Asia had the most favorable outcomes, surviving the ravages of the global financial crisis with relatively modest declines in growth rates in most cases. China and India maintained strong growth during the crisis and played an important role in facilitating global economic recovery.

In this informative volume, the second in a series on emerging markets, editors Masahiro Kawai and Eswar Prasad and the contributors analyze the major domestic macroeconomic and financial policy issues that could limit the growth potential of Asian emerging markets, such as rising inflation and surging capital inflows, with the accompanying risks of asset and credit market bubbles and of rapid currency appreciation. The book examines strategies to promote financial stability, including reforms for financial market development and macroprudential supervision and regulation.

Aviation Infrastructure Performance Cover

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Aviation Infrastructure Performance

A Study in Comparative Political Economy

edited by Clifford Winston and Gines de Rus

Aviation performance is an important cog in modern globalized economies, which demand flexibility, mobility, efficiency, and dependability. Airport delays have gone from being a nuisance to being a salient public concern, drawing the ire of even the White House. In this important book, international transportation experts compare and contrast how different nations have managed their airports and air traffic control systems and how well they are meeting the needs of their people. The book's cross-national approach encompasses several different institutional arrangements, making it a timely and valuable study in comparative political economy. Among the countries studied, the United States is sometimes seen as a bastion of free markets, at the forefront of airline deregulation, but its airports and air traffic control system are publicly owned and operated. The same is true in continental Europe, for the most part. In contrast, Australia, New Zealand, the United Kingdom, and Canada are experimenting with privatization, while even mainland China is allowing the private sector to participate in airport ownership. Which methods work best, and under what circumstances? This book provides the answers.

Avoiding Armageddon Cover

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Avoiding Armageddon

America, India, and Pakistan to the Brink and Back

Bruce O. Riedel

India and Pakistan will be among the most important countries in the twenty-first century. In Avoiding Armageddon, Bruce Riedel clearly explains the challenge and the importance of successfully managing America's affairs with these two emerging powers and their toxic relationship.

Born from the British Raj, the two nations share a common heritage, but they are different in many important ways. India is already the world's largest democracy and will soon become the planet's most populous nation. Pakistan, soon to be the fifth most populous country, has a troubled history of military coups, dictators, and harboring terrorists such as Osama bin Laden.

The longtime rivals are nuclear powers, with tested weapons. They have fought four wars with each other and have gone to the brink of war several times. Meanwhile, U.S. presidents since Franklin Roosevelt have been increasingly involved in the region's affairs. In the past two decades alone, the White House has intervened several times to prevent nuclear confrontation on the subcontinent. South Asia clearly is critical to American national security, and the volatile relationship between India and Pakistan is the crucial factor determining whether the region can ever be safe and stable.

Based on extensive research and Riedel's role in advising four U.S. presidents on the region, Avoiding Armageddon reviews the history of American diplomacy in South Asia, the crises that have flared in recent years, and the prospects for future crisis. Riedel provides an in-depth look at the Mumbai terrorist attack in 2008, the worst terrorist outrage since 9/11, and he concludes with authoritative analysis on what the future is likely to hold for America and the South Asia puzzle as well as recommendations on how Washington should proceed.

Beyond Preemption Cover

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Beyond Preemption

Force and Legitimacy in a Changing World

edited by Ivo H. Daalder

America's three most recent wars —in Kosovo, Afghanistan, and Iraq —have raised profound questions about when to use military force, for what purpose, and who should make the decision whether to go to war. These crucial questions have been debated around the world with increasing intensity, and by beginning to provide important answers, Beyond Preemption moves the debate forward in significant ways. During the past three years, the contributors to this volume have engaged in a global dialogue with political officials, military figures and strategists, and international lawyers from around the world on when and how to use force and in what way its use can best be legitimized. They found consensus that the world has changed so dramatically that much of the old way of thinking about when and how to go to use force to deal with new challenges has become largely obsolete. Drawing on these high-level discussions, Ivo Daalder and his colleagues make specific proposals for how to forge a new international consensus on the vexing questions about the use of force, including its preemptive use, to address today's interrelated threats of terrorism, weapons of mass destruction, and humanitarian crises. In Beyond Preemption, the authors also consider the critical matter of how these strategies could be best legitimized and be made palatable to domestic audiences and the international community at large. Contributors include Bruce W. Jentleson (Duke University), Anne E. Kramer (Brookings Institution), Susan E. Rice (Brookings Institution), James B. Steinberg (Lyndon B. Johnson School of Public Affairs, University of Texas at Austin).

Big Bets and Black Swans 2014 Cover

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Big Bets and Black Swans 2014

A Presidential Briefing Book

edited by Ted Piccone, Steven Pifer, and Thomas Wright

President Obama has just three years left in office to define his legacy in world affairs. He's facing a number of critical challenges—the ongoing war in Syria, the Iran nuclear negotiations, an enigmatic North Korea and other significant crises in world affairs. The president's advisors are busy devising policy recommendations aimed at grappling with these thorny issues. From these, the president must decide which priorities to pursue and how to best exercise U.S. power and influence to manage and shape the global order.

This book presents a set of policy analysis and recommendations from The Foreign Policy scholars at the Brookings Institution. Designed to provide the White House with innovative and actionable policy initiatives, the book is constructed as a series of memos to President Obama. This year, the memos are divided into five categories:

• Big Bets are issues where the president should consider investing his power, time and prestige in major efforts that can have a transformational impact on America and the world. • Double Downs are derived from the Big Bets from last year's recommendations that the president should redouble his efforts on.

• Black Swans are those low-probability but high-impact events that can divert the president and his administration's higher purposes, such as dramatic negative events that he will want to take steps in advance to avoid or to mitigate their consequences.

• Nightmares are events that look more likely than a Black Swan and could prove particularly troublesome for U.S. interests and the global order, and for which the administration should prepare.

• Holds are updated policy recommendations to stay the course on approaches suggested last year.

Contents: Big Bets

• Reassert U.S. Leadership of a Liberal Global Order by Robert Kagan and Ted Piccone

• Secure the Future of the Internet by Peter W. Singer and Ian Wallace

• Solidify the U.S.-Afghanistan Alliance by Michael E. O'Hanlon and Gen. John Allen (USMC, Ret.)

• Lift the Ban on U.S. Oil Exports by Tim Boersma and Charles K. Ebinger

• Strengthen Stability in Africa by Michael E. O'Hanlon

Double Downs

• Broaden the Approach to Iran by Suzanne Maloney

• Pursue Regime Change in Syria by Michael Doran

• Return to the Asia Rebalance by Jonathan D. Pollack and Jeffrey A. Bader

• Reach Out to Cuba by Ted Piccone

• Avert Conflict in the South and East China Seas by Richard C. Bush III, Bruce Jones and Jonathan D. Pollack

Black Swans

• Israeli-Palestinian Violence Erupts by Natan B. Sachs

• Putin's Russia Goes rogue by Fiona Hill and Steven Pifer

• Venezuela Breaks Down in Violence by Harold Trinkunas

Nightmares

• Korean Crisis Prompts Confrontation with China by Jonathan D. Pollack and Richard C. Bush III

• Iran Nuclear Talks Fail by Robert Einhorn and Kenneth Pollack

• Afghanistan's Presidential Election Goes Awry by Vanda Felbab-Brown

• Muslim Brotherhood Radicalizes by Daniel L. Byman and Tamara Cofman Wittes

Holds

• Avoid a U.S.-Saudi Divorce by Bruce Riedel

• Close the Deal on Free Trade by Mireya Solis

• Manage the Impact of Climate Change by Elizabeth Ferris

• Deepen Economic Ties to Turkey by Kemal Kirisci

• Beyond New START by Steven Pifer

Billionaires Cover

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Billionaires

Reflections on the Upper Crust

Darrell M. West

Meet the Billionaires: the 1,645 men and women who control a massive share of global assets worth $6.5 trillion. Darrell West reveals what the other 99.99998% of us need to know.

With rich anecdotes and personal narratives, West goes inside the world of the ultra wealthy. Meet U.S. billionaires such as Sheldon Adelson, Michael Bloomberg, David and Charles Koch, George Soros, Tom Steyer, and Donald Trump —as well as international billionaires from around the globe.

The growing political engagement of this small supra-wealthy group raises important questions about influence, transparency, and government performance, and West lays bare the wealthification of politics, including:

• How billionaires can block appointments and legislation they don't like

• Why the supra-wealthy moved into policy advocacy and referenda at the state level

• Why billionaires run for office in more than a dozen countries around the world

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