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The 38 essays in this book were written between the end of 1996 and the middle of 2001, and published in The Wall Street Journal, The Asian Wall Street Journal, The Wall Street Journal Europe, The Los Angeles Times, The New York Times, The International Herald Tribune, The Weekly Standard, Critical Review, Society, The Milken Review, and International Economy. All the essays appear in their original, unedited form, and none has been altered in light of the world-shaking and world-shaping terrorist attacks of September 11, 2001 on the World Trade Center in New York and the Pentagon in Washington, D.C | Straddling Economics and Politics Cross-Cutting Issues in Asia the United States and the Global Economy Charles wolf Jr. RAND This publication was supported by RAND using its own funds. Library of Congress Cataloging-in-Publication Data Wolf Charles 1924- Straddling economics and politics cross-cutting issues in Asia the United States and the global economy Charles Wolf Jr. p. cm. The 38 essays in this book were written between the end of 1996 and the middle of 2001 and published in the Wall Street journal et al. Forward. MR-1571. ISBN 0-8330-3181-3 1. Globalization Economic aspects. 2. Globalization Political aspects. 3. Free enterprise. 4. International economic relations. 5. United States Economic policy 1993-2001. 6. United States Economic conditions 20th century. 7. United States Politics and government 20th century. 8. Financial crises Asia. 9. Asia Economic policy 20th century. 10. Asia Economic conditions 20th century. 11. Asia Politics and government 20th century I. Title. HF1359 .W653 2002 330.9 dc21 2002069746 RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND is a registered trademark. RAND s publications do not necessarily reflect the opinions or policies of its research sponsors. Cover design by Maritta Tapanainen Copyright 2002 RAND All rights reserved. No part of this book may be reproduced in any form by any electronic or mechanical means including photocopying recording or information storage and retrieval without permission in writing from RAND. Published 2002 by RAND 1700 Main Street RO. Box 2138 Santa Monica CA 90407-2138 1200 South Hayes Street Arlington VA 22202-5050 201 North Craig Street Suite 202 Pittsburgh PA 15213-1516 RAND URL http www.rand.org To order RAND documents or to obtain additional information contact Distribution Services Telephone 310 451-7002 Fax 310 451-6915 Email order@rand.org FOREWORD The 38 essays in this book were written between the end of 1996 and the .