About Economic Security & Statecraft: Alexander Mirtchev & Norman Bailey
‘Economic Security & Statecraft: The Quest for a New Global Economic Equilibrium’
explores the multiple interconnected phenomena that aggregate daily occurrences with pervasive trends and could be said to place countries, regions and the world itself at a turning point at the beginning of the 21st Century. These phenomena, coupled with the appearance of unforeseen social, political and economic developments, have made both the reasonable accuracy of predictions and the adoption of corresponding policies problematic.
In these circumstances, the traditional wisdom simply will not do. This is a study of new factors contributing to disequilibrium in the global political economy, and how these elements mutually influence each other and what the resultant impediments are to achieving equilibrium.
The study posits that the world has entered a new era that follows a world order that has lasted for almost five centuries following the Peace of Westphalia of 1648, where a range of new challenges emerge in a confluence of different aspects of global security, geopolitics and geo-economics.
About Mirtchev & Bailey
Dr. Alexander Mirtchev is Senior Scholar at the Woodrow Wilson International Center for Scholars, Council Member of the Kissinger Institute on China and the U.S., and Member of the Wilson National Cabinet. He is also Vice-President of the Royal United Services Institute for Defence and Security Studies (RUSI), London, est. 1831, and Executive Chairman RUSI International.
Dr. Norman A. Bailey is an economic consultant, adjunct professor of Economic Statecraft at the Institute of World Politics. He is president of The Institute for Global Economic Growth and Vice Chairman of The Americas Forum. He serves on various boards of directors, editorial and advisory boards. Dr. Bailey is a lecturer and researcher at the National Security Studies Center, University of Haifa, Israel.
Articles On Global Economic Security
In an article in Forbes, Dr. Alexander Mirtchev, President of Krull Corp. and Vice-President of the Royal United Services Institute for Defence and Security Studies, poses the question “Is it not time to cease fighting against the current; or... stop trying to put the genie back in the bottle,” as far as financial regulation is concerned? The fallout from the global financial and economic crisis led to a call for increasingly tight and comprehensive regulation of the financial sector.
“While the EU has modernized and expanded in ways that its founders may not have envisioned, the architecture that underpins the Union has not adapted to the realities of a globalized twenty-first century”, notes Dr. Alexander Mirtchev, President of Krull Corp., Vice-President of the Royal United Services Institute for Defence and Security Studies and Forbes Contributor.
With the run-up to the French G-20 summit, Dr. Alexander Mirtchev, President of the Royal United Services Institute for Defense and Security Studies (RUSI) International, noted in RealClearWorld that the rising tide of global economic turmoil and problems ranging from sovereign indebtedness to consumption and saving imbalances have created a ‘perfect storm' that is far from abating. He considers the challenges that G-20 leaders face in setting forth a concrete, viable roadmap that genuinely addresses the range of outstanding global economic security risks, and in particular countering the uncertainty gripping the global economy.
The erosion of earnings by inflation should move higher on the economic agenda. In fact, the issue of inflation is hardly limited to the UK alone: the developed economies are still faced with the threat of stagflation, while the rapidly developing economies, such as China, Brazil and India, are showing signs of
In the wake of the global economic crisis, the world economy is trying to chart a path to a future equilibrium and find a "new normal." According to Dr. Alexander Mirtchev, President of Krull Corp., there is an inherent danger that in the pursuit of recovery and a global economic security equilibrium that allows “business as usual,” inflation has been deemed by some policy makers to be a target that can be “sacrificed.” In the long-run, that is not likely to be the case, however.
Dr. Alexander Mirtchev, President of Royal United Services Institute for Defense and Security Studies (RUSI) International and Board Director of the Atlantic Council, analyzes the extent to which the deteriorating global debt situation is undermining efforts to return to sustainable economic growth
In a recent article entitled "Fighting the Last War," Prof. Norman Bailey discusses economic statecraft in the post-Westphalian world. The article appeared in the Winter 2013 edition of The International Economy Magazine (vol.XXVII, no.
It has been said that history repeats itself, first as tragedy and then as farce. The interminable European economic/financial crisis neatly illustrates that saying.
“More socialism” didn’t work for the Soviet Union, so why would “more Europe” be any different? Alexander Mirtchev says we should pay less attention to nations heading for default and focus on producing clear, bespoke growth strategies for each member
In the G20 Magazine for the Korea Summit in November 2010, Dr. Mirtchev, Vice-President of the Royal United Services Institute for Defense and Security Studies, London, and President of Krull Corp., analyses SWFs’ strategic repositioning in the wake of the worldwide financial and economic crisis.
In response to the question posed by the International Business Times, ‘Does the new line of credit by the IMF to strong Eurozone economies raise the chances of higher inflation and a rise in the price of gold?’, Dr. Alexander Mirtchev, President of RUSI International, considers that the IMF’s provision of a new credit line to even strong and healthy Eurozone economies consolidates its tangible role in the current crisis by extending a further global financial safety net. As far as the price of gold is concerned, he posits that such moves, ‘while not a decisive factor,’ tend to ‘contribute to the rise of the price of gold.’
Upcoming Project On Defense and Security Budgeting
‘Defense & Security Budgeting in Democratic Countries’ is co-authored by Dr. Alexander Mirtchev and Dr. Norman A. Bailey, as well as David Brodet, Chairman of the Board, Bank Leumi le-Israel. The study is a project of the National Security Studies Center, University of Haifa, Israel. It evaluates the potential for misallocation of defense resources, impact on defense effectiveness and overall effect on different countries’ international stance of defense budgetary processes.
Main Themes Of Economic Global Security and Statecraft
Economic Security & Statecraft: The Quest for a New Global Economic Equilibrium is divided into two parts:
I. The Global Economic Disequilibrium: The Annals of Entropy
II. The Quest for a New Global Economic Equilibrium: The Modern Economic Statecraft