Every year policymakers, scholars, and pundits wait for two publications of the International Institute for Strategic Studies: The Military Balance, a compendium of data on worldwide armaments, and the Strategic Survey, a narrative account of the security-related events of the year. One can grow so used to this volume as to take its strengths for granted--a combination of functional and regional analysis, an admirable chronology, and a premium on information rather than opinion. The only serious weakness flows from the periodization; not all events oblige by occurring in 12-month episodes. Still, with a shelf of Strategic Surveys one is well equipped to begin making sense of contemporary national security issues. Insofar as this work is concerned, at any rate, one of the more valuable institutions of the Cold War transatlantic security establishment seems to have made a successful transition to a new and perhaps more disorderly world.