The Global Era of National Policy and the Pan-Oceanic National Fleet

This article develops a framework for considering the future requirements for U.S. maritime power. It does so by proposing that these requirements must be considered within the context of an integrated National Fleet—the combined capabilities of the three “Sea Services”—the U.S. Navy, U.S. Marine Corps, and U.S. Coast Guard. It also would include their reserve components, as well as the Military Sealift Command (MSC) and the Maritime Administration's Ready Reserve Force (RRF)—the two organizations responsible for maintaining the nation's strategic sealift fleet.     

A Bargaining Model of Holdouts and Takings

The holdout problem is commonly cited as the justification foreminent domain, but the nature of the problem is not well understood.This article models the holdout problem in a bargaining framework,where a developer seeks to acquire several parcels of land fora large-scale development. We show that in the absence of eminentdomain, holdouts are a significant threat, resulting in costlydelay. However, if the developer has the power to use eminentdomain to acquire the land from holdouts, all sellers will bargain,thus avoiding delay. An offsetting cost is that owners may negotiateprices below their true value, possibly resulting in excessivetransfer of land to the developer.     

Roosevelt, Truman and the Development of Postwar Grand Strategy

After its victory in World War II, it was clear that United States should move beyond the disastrous policies of the 1930s, but it was less clear how. Ultimately, a lasting postwar strategy was forged under President Truman. Appreciating how Truman moved well beyond Roosevelt's guiding assumptions is essential to understanding the evolution of American grand strategy. One sees that wartime planning and grand strategy formulation can prove quite inadequate for dealing with postwar challenges. An administration cannot be locked into assumptions, but must constantly test them. Thus, the Truman administration eventually developed and adopted containment and moved far beyond FDR's approach. More substantively, the fundamental geopolitical lesson of World War II and the early Cold War was that the United States must assume the essential balancing role relative to other major powers.     

Economic crises, capital transfer restrictions and investor protection under modern investment treaties

The first 150 words of the full text of this article appear below. Key points

• Capital liberalization was the norm of internationaleconomic relations until the Economic Depression of the 1930swhen exchange restrictions became an important instrument ofeconomic policy of many countries.
• The IMF Articles of Agreementwere the outcome of efforts by several countries to providean acceptable international legal framework that would minimizethe negative impact of exchange restrictions while at the sametime preserving the right of Member States to impose exchangerestrictions when faced with balance-of-payment problems.
• Thatposition is to a large extent maintained by most modern investmenttreaties although subject to heightened scrutiny by internationalarbitral tribunals under the disciplines of expropriation, nationaltreatment and fair and equitable treatment standards among othersin order to protect investors’ interests whilst safeguardinghost states, regulatory autonomy.