Publications

Protecting the Warfighter in an Austere Budget Environment

September 23, 2014 Richard M. Harrison

Winston Churchill is often quoted as saying, “Gentlemen, we have run out of money. Now we have to think.” A similar statement is attributed to Ernest Rutherford, a New Zealand physicist often cited as the “father” of nuclear physics. Regardless of who uttered this quote, many believe it appropriately summarizes the state of America’s defense establishment today. “Fiscal austerity” is the environment in which national security decisions are made...

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Closed Door Policy: How China’s Reforms Are Pushing Away Foreign Business

September 23, 2014 Joshua Eisenman Foreign Affairs

"We shall proceed with reform and opening up without hesitation," said Chinese President Xi Jinping to his country's top leaders at a symposium last month that marked the 110th birth anniversary of his predecessor Deng Xiaoping. At first glance, his pledge appeared sincere. In the two years since taking office, Xi has consistently advocated a reform agenda intended to continue the economic revitalization and restructuring that Deng started in 1978. Xi’s campaign includes plans to reduce government meddling in the economy by making it easier for private-sector firms to compete with state-owned enterprises (SOEs) and allowing companies and individuals to invest and borrow more freely.

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