Obstacles to peace in Chechnya: What scope for international involvement?

Recognising the failure of both internal and external parties to achieve a peaceful resolution of the Russo – Chechen war, this article seeks to establish what scope remains for international involvement to end the violence in Chechnya. By applying theories from the disciplines of conflict resolution and counterinsurgency to the confrontation, distinctions are drawn between opportunities of peacekeeping, peacemaking and peacebuilding, as well as between legitimate ‘need’ and exploitative ‘greed’ at a time of ‘violent’ politics. Key findings include the scope for international assistance in addressing the root contradictions of the conflict and for curtailing the influence of the ‘entrepreneurs of violence’.     

The scope and limits of financial liberalisation in developing countries: A critical survey

This article reviews the growing literature on financial reform in developing countries. We draw both on the theoretical contributions outlining the case for and against liberalisation as well as on the experience of many developing countries with liberalisation. We argue that the existence of market failures in financial markets hampers the liberalisation process and indeed suggests that the simple liberalising strategy envisaged in much of the literature is inappropriate. We argue instead for an alternative strategy which integrates some aspects of liberalisation with the development of appropriate financial institutions designed to serve best the needs of the real economy.