INTERNATIONAL ISSUES

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INTERNATIONAL ISSUES

Greece: Same Tragedy, Different Scripts

economy2 Cafés are full in Athens, and droves of tourists still visit the Parthenon and go island-hopping in the fabled Aegean. But beneath the summery surface, there is confusion, anger, and despair as this country plunges into its worst economic crisis in decades. The global media has presented Greece, tiny Greece, as the epicenter of the second stage of the global financial crisis, much as it portrayed Wall Street as ground zero of the first stage. Yet there is an interesting difference in the narratives surrounding these two episodes.

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Stealth Superpower

international The future is no longer in plastics, as the businessman in the 1967 film The Graduateinsisted. Rather, the future is in China. If a multinational corporation doesn’t shoehorn China into its business plan, it courts the ridicule of its peers and the outrage of its shareholders. The language of choice for ambitious undergraduates is Mandarin. Apocalyptic futurologists are fixated on an eventual global war between China and the United States. China even occupies valuable real estate in the imaginations of our fabulists. Much of the action of Neal Stephenson’s novel The Diamond Age, for example, takes place in a future neo-Confucian China, while the crew members of the space ship on the cult TV show Firefly mix Chinese curse words into their dialogue.

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China’s Navy an Emerging Global Force

han While still a long way off from challenging the United States as the predominant world naval power, China’s modernized People’s Liberation Army Navy (PLAN) is beginning to take a more assertive role in an expanding theater of operations. Previously content on patrolling coastal waters and preparing for an armed conflict with Taiwan, China now has a naval presence all along commercial sea routes to the Middle East and has stepped up military operations in the contested waters of the East and South China Seas.

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Russian Threats, American Missiles, and Bulgaria's Choice

international3 President Barack Obama decided to cancel the plans for missile defense based in the Czech Republic and Poland this past October. Washington has since worked on an alternative that Obama calls a "stronger, smarter and swifter defense" that "best responds to the threats we face." The new system is built around sea-and-land-based SM-3 missile interceptors.