The Great Recession shook the economies of nations across the globe, and its effects continue to exert influence even today. While some countries were relatively protected from the most obvious ramifications such as home foreclosures, bankruptcies, unemployment, contractions in real gross domestic product, and perhaps most apparent, sovereign debt crises, in an age of globalization, where the world is smaller and one nation’s actions can have widespread impact, the responses of national governments to the worst global recession since World War II caused concern for policy makers everywhere.
Budgetary issues certainly play a major role in domestic politics, but this issue seeks to broaden the analysis to include the implications economic policies can have on an international scale. Many theorists suggest that economic considerations play a role in every decision, and policy makers are likely to think about such matters when embarking on a particular course of action. The articles in this issue delve into the realm of economic policy and provide insight into the importance of the science of wealth.
The Journal is proud to publish articles from several scholars resulting in an issue covering many parts of the world. We begin with Dr. Shambaugh and his associates examining the changing nature of maritime piracy which threatens the global trade of goods. Next, Drs. Kourtikakis and Pahre present fresh perspectives on the role political parties of the European Union have in determining the direction of economic policy. Dr. Zhao and her colleagues investigate the relationship between China’s developing cultural identity and its greater position in the economic world order. The underlying economic concerns behind the occurrence of genocide are the focus of Drs. Brauer and Anderton. Mr. Kelly then looks to the past and argues that it was primarily economic considerations that drove India to develop its Look East policy that is a central tenet of its foreign policy. And finally, the penultimate article focused on the economic topic is by Dr. Borgeas who advises policy makers in the United States to remain active in Central Asia in part by emphasizing economic development.
We are also proud to showcase an article from Dr. Tegnalia who explores the current status of the nuclear threat to society. On this note, the Journal is pleased to announce that it has embraced a change, and will now consider publishing articles related to the wide field of international relations, even when they do not specifically relate to the topic in the most recent Call for Papers. It is the editorial staff’s hope that this will serve to enhance the mission of providing a forum for analysis and commentary of international affairs.
We hope that you find yourself engaged with the thoughts and ideas presented in this issue.
Paul “Chip” Palamattam