Sebastian Mallaby
Postscript
Mallaby's update to his January/February 2007 essay ''Hands Off Hedge Funds.''
Essay
Jan/Feb
2007
The massive growth of hedge funds has sparked warnings of instability and demands that the industry be regulated. But the fear of hedge funds is overblown, based on a misunderstanding of their role in the international financial system. In reality, hedge funds do not increase risk; they manage it -- and policymakers, rather than clamping down, should make sure hedge funds have the tools to perform this function well.
Essay
May/Jun
2005
The next World Bank president will confront a nearly impossible challenge: saving the institution from a curious alliance of conservatives and radical activists that threatens to undercut its financial viability and effectiveness. Failure to head off the danger will mean the gradual decline of the best tool the world has for managing globalization, just when that tool is more needed than ever.
Capsule Review
Jan/Feb
2005
Postscript
Mallaby's postscript to his March/April 2002 essay "The Reluctant Imperialist."
Comment
Mar/Apr
2002
Failed states are increasingly trapped in a cycle of poverty and violence. The solution is for the United States and its allies to learn to love imperialism -- again.
Comment
Jan/Feb
2000
A divided, decentralized government and a hostile media -- especially cable TV and the Internet -- have hamstrung the presidency, just when the world needs U.S. leadership.
