Currency Warfare and Just War: The Ethics of Targeting Currencies in War

ABSTRACT

Is Currency Warfare defined as, the use of monetary or military force directed against an enemy’s monetary power as part of a military campaign, a just way to fight a war? This article explores the ethics of waging currency warfare against the Just War Tradition’s principles of jus in bello (just conduct in war) and its criteria of discrimination and proportionality. The central argument is that currency warfare is inherently indiscriminate but may be proportionate when policy makers consider the nature of the threat confronted and the targeted currency's level of internationalization, that is, to what degree it is used in foreign transactions or used as a foreign currency reserve. I evaluate this argument against historical cases during the Second World War (1939–1945), the Gulf War (1990–1991), subsequent operations against Saddam Hussein in the early 1990s, and the ongoing campaign against ISIS.     

Storming to partition: Croatia,the United States,and Krajina in the Yugoslav War

To many scholars and policymakers, ‘partition’ offers the most efficacious means of resolving ethnic-civil wars. Others reject partition as a solution, citing flaws (both logical and empirical) and harmful international implications should such an approach become commonplace. What has been missing from this debate is an understanding of how the process of partition unfolds. In this article we examine such a process, the case of the Krajina in the war in Yugoslavia, 1994–1995. The US aligned itself with Croatia against Serbs rebelling in the Krajina region of Croatia. The culmination of this alignment occurred in August 1995 when Croatian forces initiated ‘Operation Storm’ (Oluja) against Croatian Serb insurgents. Croatian forces effectively cleansed the Krajina of its Serbian population. Eager to initiate a diplomatic peace process, Washington welcomed the Croatian operation, and largely because of Operation Storm, negotiations at Dayton became possible.     

Demobilisation,disarmament and reintegration in the Democratic Republic of Congo: The numbers game

Abstract

The creation of the Africa Command (AFRICOM) has reflected the growth in the strategic importance of Africa in US foreign policy since the end of the 1990s. One of the objectives of this new geographical military command is to forge closer links between foreign, security and development policies. However, this approach met with a number of difficulties associated with the challenge of ‘inter-agency cooperation’ among rather disparate actors from foreign affairs, defence and development. In addition, the establishment of AFRICOM has met with fierce criticism in the US and elsewhere – especially in Africa – culminating in the charge that the US foreign and development policies in Africa are being militarised. Although AFRICOM has a number of interesting features, this paper shows that it has reacted to these criticisms by realigning itself more closely with the traditional model of a military command, at the expense of the innovative interagency elements.     

The Reluctant Atlanticist: France’s Security and Defence Policy in a Transatlantic Context

ABSTRACT

This article introduces the key tenets of French foreign and security policy during the Cold War, and illustrates the deep challenges to the French consensus raised by the emergence of a unipolar system. There is a growing gap between the rhetoric of French security policy, emphasizing ‘autonomy’ and ‘sovereignty’ out of habit from the Cold War, and the actual security practices showing a gradual embedding within the transatlantic security structures. In the absence of a new transpartisan grand narrative relevant for the contemporary international system, such embedding is easily portrayed in France as a ‘treason’ from a romanticized Gaullist foreign policy.     

From Westphalian Failure to Heterarchic Governance in MENA: The Case of Syria

Abstract

The problematic export of the Westphalian system to MENA is examined, taking Syria as exemplar. The export model is juxtaposed to actual non-lineal trajectories, semi-sovereignty and hybrid or failing states. This is manifested in post-uprising Syria in failing statehood, fragmented and overlapping governance, permeable and collapsing borders, the loss of sovereignty to trans-state movements, “competitive regime-building” between the Asad regime and jihadist warlords, and “competitive interventionism” by external powers filling the governance vacuum with their own proxies. The result is heterarchic zones of limited statehood in which state sovereignty is contested by both international (supra-state) penetration and sub-state fragmentation.     

Reforming China’s defense industry

ABSTRACT

Even with sizable economic inputs, access to foreign technologies, and considerable political will, China, up until the late 1990s, experienced only limited success when it came to the local design, development, and manufacture of advanced conventional weapons. Not surprisingly, therefore, reforming the local defense industry in order to upgrade its technology base and manufacturing capabilities and to make armaments production more efficient and cost-effective has long preoccupied the Chinese leadership. The fact that most of these efforts had little positive impact on the country’s military technological and industrial capabilities only encouraged Beijing to experiment with additional reforms in the hopes of finally getting it right.     

Research Brokers,Researcher Identities and Affective Performances: The Insider/Outsider Conundrum

ABSTRACT

This paper reflects upon the role of brokers in facilitating research in conflict zones, which the researcher identifies as ‘native’ areas of research in the Global South. Researchers from the Global South, based in academic and research institutions in Western locations and having received funding from foreign agencies, conduct field research in conflict geographies which they maybe native to, or may have inhabited for long periods of time. Brokers facilitate research in these ‘native’ areas of research, leading to difficult encounters between the researcher, research subjects and brokers themselves. I analyze the intimate and uncomfortable affective encounters between researchers and research brokers from the Global South who share national or cultural identity, language and above all, spatial nativity and familiarity.     

The Effects of Terrorism on Turkish Financial Markets

Abstract

In this research, we analyzed how Turkish financial markets and foreign investors in the stock market reacted to the terror attacks in Turkey. Our analysis, which was performed using the terror index for the stock market and the foreign exchange market, revealed that returns, abnormal returns, and cumulative abnormal returns were not affected by the terror attacks; however, foreign investors in the stock market were affected. When the geographic regions of the terror attacks were analyzed, the findings showed that foreign investors were negatively affected mainly by the terror attacks that occurred in southeast Anatolia. Attack type and target type were important only for foreign investors. An evaluation of the interaction between the terror attacks and the markets with the involvement of the terrorist organizations indicated that only the foreign investors in the stock market were affected by Al-Qaeda and PKK-linked terror attacks. An evaluation of the effect of terror attacks in foreign countries on Turkish financial markets revealed no effect on the domestic stock market and foreign exchange markets. We also examined the volatility spillovers from the terror index to the stock market and found that terrorist attacks increased the volatility of the stock market.     

‘What is in a Name?’: The Role of (Different) Identities in the Multiple Proxy Wars in Syria

Abstract

Post-uprisings Middle East politics is frequently described as a ‘regional cold war’ involving proxy warfare that emphasises the role of shared identities linking external and local actors. But does the ‘content’ of identities impact proxy war dynamics? This article considers the present ‘battle for Syria’, a local conflict that became a theatre for multiple proxy wars involving actors emphasising identities on various levels, most notably national, religious/ sect and ethnic. It suggests that identity content does matter, with global powers more reluctant than regional players to back groups identifying at sub-national level, while foreign non-state actors are enthusiastic backers of sub-national identity.     

Communication: Wrap‐up on the cost of the gulf war

This paper discusses how crises and war may “disrupt” company activities, and how companies adapt to these disruptions. Croatia is used as a case study. The original hypothesis was that war led to breaks in physical flows: in other words, that companies experienced difficulties in importing and obtaining supplies of goods. Instead, it appears that loss of customers and severely worsened conditions of payment were the principal problems for Croatian companies. Although it does not fall within the scope of this investigation, it is interesting to note that the Croatian government has not imposed any direct rationing on the industrial sector, but rather via the banking system.     

Innovation in China’s Defense Technology Base: Foreign Technology and Military Capabilities

ABSTRACT

China’s defense science, technology, and industrial system has been undergoing a far-reaching transformation over the past two decades and the single biggest factor behind this turnaround is the role of external technology and knowledge transfers and the defense industry’s improving ability to absorb these inputs and convert into localized output. China is pursuing an intensive campaign to obtain defense and dual-use civil–military foreign technology transfers using a wide variety of means, which is explored in this article.     

The effect of foreign state support to UNITA during the Angolan War (1975–1991)

ABSTRACT

State support for foreign rebel groups has become more salient, yet it remains unclear how this affects armed conflict. This paper therefore analyses the effect of foreign government assistance and does so in the typical case of the Angolan War (1975–1991). It argues that South African and United States support greatly helped the National Union for the Total Independence of Angola (UNITA) wage a large and sustained insurgency campaign but was ultimately insufficient to overthrow the People’s Movement for the Liberation of Angola (MPLA) government because it enabled the incumbent government to obtain similar foreign assistance and because the level of aid awarded to UNITA fluctuated strongly, preventing it from engaging in meaningful long-term planning.     

A drive to regime change through nonviolent economic warfare: The post-Mugabe era, 2017–2019

ABSTRACT

This article examines efforts made by the Movement for Democratic Change Alliance to bring about regime change through nonviolent economic warfare including its subsequent failure. The 30 July 2018 harmonised elections in Zimbabwe led to a victory by Emmerson Mnangagwa but it was disputed by Nelson Chamisa. Since August 2018, the political opposition led by Chamisa sought to make the country ungovernable by waging a nonviolent economic war nicknamed Kuzvidira jecha (pouring sand) against the Mnangagwa administration. This was punctuated by price hikes, fluctuation of the local currency, artificial food stuff price hikes and fuel shortages which caused serious challenges for most Zimbabweans. This was primarily intended to bring about regime change via public unrest against the Mnangagwa regime. On the contrary, the anticipated public uproar failed to foster regime change in Zimbabwe despite widespread adverse socio-economic effects. This led to the nonviolent participants resorting to violent tactics instead of adhering to nonviolence. Consequently, it was the failure to adhere to nonviolent principles by opposition advocates which forced the Mnangagwa regime to deploy its own instruments of violence in an effort to protect lives and property.     

Nuclear Subsidies and Proliferation: Clarifying the Link

ABSTRACT

In March 2015, the South Australian state government established a royal commission to investigate the financial, social, technical, diplomatic, and nonproliferation benefits and risks of expanding its nuclear industry, including activities related to uranium mining; enriching, reprocessing, and fabricating nuclear fuels for both domestic use and export; producing nuclear power; and storing radiological waste, including foreign spent reactor fuel. Given its enormous uranium reserves and current mining activities, some Australians have argued that Australia could benefit financially by expanding the mining sector and by adding value to its uranium exports by enriching the material and fabricating it into reactor fuel assemblies. Others have maintained that Australia can realize significant economic benefits by recycling and storing foreign spent fuel and producing carbon-free nuclear power. In the end, the commission recommended that Australia consider opening up a high-level waste repository to take in foreign spent fuel. It did not recommend any other nuclear activities at this time. The following viewpoint is based on testimony I delivered to the commission on the nuclear weapon proliferation implications of the proposed activities. If Australia wants to avoid the temptation of selling nuclear goods to states that might use these goods to make bombs, it should only consider new nuclear activities that can be entirely financed by the private sector and turn a profit without having to resort to foreign sales. This policy would also enable Australia to set an important, new international nonproliferation standard.     

Mailed Fists and Velvet Gloves: The Relevance of Smart Power to Singapore’s Evolving Defence and Foreign Policy

Abstract

This paper critically assesses the conceptual utility of smart power to Singapore’s evolving defence and foreign policy and behaviour. First, as a political concept adopted by the United States for its post-Afghanistan strategy, smart power does not travel easily. With qualifications, however, the notion is relevant to Singapore’s policy pragmatism and its emphasis on deterrence and diplomacy. Second, Singapore’s willingness to employ its military assets in disaster relief and peacekeeping arguably hews most closely to smart power’s mix of hard and soft approaches. Third, Singapore’s contributions to global governance, albeit limited, imply a rethinking among its leaders on the place of values in its policy.     

The Peninsular War guerrilla and its antecedents: humiliation forgotten,disaster prefigured: the guerra fantástica of 1762

ABSTRACT

The brief war that took place between Spain and Portugal in 1762 is one of the least known episodes in the latter’s military history, whereas, thanks to Wellington’s construction of the Lines of Torres Vedras, the French invasion of 1810–11 is right at the other end of the spectrum. Yet the two episodes are closely linked to one another. At the very least, they are uncannily reminiscent in terms of their details – in both cases substantial foreign armies were vanquished through a combination of irregular resistance, scorched-earth tactics and the clever use of field fortifications – and the article therefore argues that Wellington based the plan that defeated the forces of Marshal Massena on the strategy used by the Portuguese half a century earlier.     

Civil–military relations and organisational preferences regarding the use of the military in Chinese foreign policy: insights from the debate on MOOTW

ABSTRACT

This article analyses the positions of the Chinese civilian leaders and military elites on Military Operations Other Than War in order to shed light on their preferences about the use of the armed forces in foreign policy between the late 1990s and the early 2010s. Over time, a significant divergence developed between civilians and soldiers until 2011, when the Libyan crisis happened. The study also prompts important considerations about our understanding of civil–military relations in China and future role of the People’s Liberation Army as a tool of statecraft in foreign policy.     

Smart Power and Japan’s Self-Defense Forces

Abstract

From Iraq to the Gulf of Aden and the South Pacific, this paper evaluates how far theoretical ideas about smart power manifest in operational missions of the Japan Self-Defense Forces (JSDF). To function within a ‘smart’ power context, this paper suggests that JSDF operates in ‘assisting’ mode, rather than the ‘threatening’ behavior of ‘hard’ power. JSDF also deployed alongside other Japanese ‘soft’ power tools – diplomatic, cultural, developmental, and NGOs, using tailored programs for different cultural and geographical contexts. Given constitutional constraints and public sensitivity towards coercive force, JSDF missions could be integrated more into a ‘whole-of-government’ approach advancing foreign policy goals through ‘smart power’.     

Don't stop with Joint Forces Command … cut AFRICOM too

Abstract

The United States Africa Command (AFRICOM) has been a military success but a strategic messaging failure. The United States’ relationships across Africa cannot be boiled down to military affairs. This paper argues that Africa has many more opportunities than challenges and thus requires a more balanced foreign policy solution from Washington DC than a new military command. For the military engagement that does need to take place, a more low-profile approach would benefit the United States in Africa.