The European Security Strategy (ESS) has become an important reference framework for the EU since its inception in 2003. Without strategy an actor can only really be a 'reactor' to events and developments. In the ESS the EU now has a strategy, with which it has the potential of shifting boundaries and shaping the World.
This volume explores this statement and examines the underlying concepts and implementation of the ESS as a judging tool of all the European Union's external actions. Contributors, closely involved in the early debate leading up to the ESS, assess questions such as how the strategy has shaped EU policy, how it relates to existing policies but also how it has added value to these policies and whether the strategy's objectives are sufficient to safeguard EU interests or whether they should be reviewed and added too.
The outline of the strategy itself is followed; addressing its historical and conceptual context, the threat assessment, the multilateral and regional policies of the EU, its military capabilities and its strategic partnerships. This book offers a comprehensive vision of how the EU can achieve the ambitious objectives of the European Security Strategy and become an effective global actor as the strategy helps to forge a global Europe.
The EU and the European Security Strategy will be of great interest to students and researchers of European politics and security studies.
The authors have synthesized 16 years of geological and geophysical studies which document an 85-km-wide impact crater buried 500 m beneath Chesapeake Bay in south eastern Virginia, USA. In doing so, they have integrated extensive seismic reflection profiling and deep core drilling to analyze the structure, morphology, gravimetrics, sedimentology, petrology, geochemistry, and paleontology of this submarine structure. Of special interest are a detailed comparison with other terrestrial and extraterrestrial craters, as well as a conceptual model and computer simulation of the impact. The extensive illustrations encompass more than 150 line drawings and core photographs. An accompanying CD-ROM includes selected seismic profiles, scaled cross sections, detailed maps, and downhole geophysical logs.
The massive external debt burden of sub-Sahara Africa has gained widespread attention as a serious policy issue during the past few years. These countries are particularly vulnerable because 1.they have large international borrowing requirements and the resulting external debt is denominated in different currencies; 2.most of their external debt is in obligations with variable interest rates; and 3.their trade in primary commodities is significant. Yet a recent survey by the World Bank revealed that 70 percent of foreign borrowers in developing countries do not hedge their interest rate or exchange rate exposures. In general, the Third World lacks the expertise in the use of recently-developed hedging tools and the understanding of the risk structure of their economies. This book carries out a through analysis of the financial risks characteristics of Nigeria. In addition, a debt composition hedging strategy is developed that minimizes Nigeria's budget exposure to external price shocks. The survey should be useful to developing countries who may be considering utilizing hedging techniques to improve their credit ratings and limit the impact of volatility in global markets.
Produced throughout the first fifteen years of Hayek's career, the writings collected in Capital and Interest see Hayek elaborate upon and extend his landmark lectures that were published as Prices and Production and work toward the technically sophisticated line of thought seen in his later Pure Theory of Capital. Illuminating the development of Hayek's detailed contributions to capital and interest theory, the collection also sheds light on how Hayek's work related to other influential economists of the time. Highlights include the 1936 article 'The Mythology of Capital' presented here alongside Frank Knight's criticisms of the Austrian theory of capital that prompted it - and 'The Maintenance of Capital', with subsequent comments by the English economist A. C. Pigou. These and other familiar works are accompanied by lesser-known articles and lectures, including a lecture on technological progress and excess capacity. An introduction by the book's editor, leading Hayek scholar Lawrence H. White, places Hayek's contributions in careful historical context, with ample footnotes and citations for further reading, making this a touchstone addition to the University of Chicago Press's Collected Works of F. A. Hayek series.
This collection of literature attempts to compile many of the classic works that have stood the test of time and offer them at a reduced, affordable price, in an attractive volume so that everyone can enjoy them.
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