 • POST GLOBALIZATION
• COMMENTARIES 2001-2007
• MADE IN CHINA
• THE TWO SOULS OF TURKEY
• THE NEW GLOBAL CINEMA
• MAKING GLOBALIZATION WORK
• DE-GLOBALIZE THE JIHAD
• THE THIRD WAVE'S THIRD WAY
• PLANET OF SLUMS
• THE GLOBAL IDEOLOGY
OF FEAR
• THE OTHER
• POST-NATIONAL
LITERATURE
• COLLAPSE OR MASSIVE
CHANGE?
• THE RISE AND FALL OF
AMERICA'S SOFT POWER
• THE SCIENTIFIC IMAGINATION
• PUBLIC DIPLOMACY
• THE HEADSCARF CONTROVERSY
• SCULPTURE AND THE
NEW SCIENCE
• BIOTECH AND THE
NEW BABEL
• WAR THROUGH THE
BACK DOOR
• ANTIAMERICANISM
• THE RISING SOFT POWER
OF CHINA & INDIA
• THE BUSH DOCTRINE
• FAIRNESS IN A FRAGILE
WORLD
• AMERICA'S MIGHT
• ISLAM IN THE 21ST CENTURY
• ANTIGLOBOS
• HOT PEACE
• MODUS VIVENDI
• LOOKING NORTH
• FROM WELL HAVING TO
WELL BEING
• POST-HUMAN HISTORY
• GLOBAPHOBIA
• THE GLOBAL MIND
• AFTER KOSOVO
• FROM VIETNAM TO KOSOVO
• DEGLOBALIZATION?
• THE RISE OF THE MEDIA-
INDUSTRIAL COMPLEX
• BOOM [NUCLEAR] AND
[BUST] ECONOMIC IN ASIA
• BEYOND CAPITALISM
• ASIAN CRISIS
• CHINA: THE ASIAN
RENAISSANCE
• SLOW IS BEAUTIFUL
• ECLIPSE OF THE BIG
PICTURE
• AFTER THE END OF
HISTORY
• THE EAST IS RED AGAIN
• HALF-A-HEGEMON
• THIRD WAVE TERRORISM
• HEIMAT
• Fall 1987
• Winter 1987
• Spring 1986
• Fall-Winter '84-'85
• Spring 1984
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When Thinking of Asia, Remember Texas
Paul Volcker, was chairman of the US Federal Reserve Bank from 1975 to 1987.
His remarks here are adapted from a lecture at the Paul Nitze School of
International Relations at Johns Hopkins University.
New York - For Americans in particular, the easy advice we give the
Asians these days about quick reform of their banking systems stands ins
takr contrast to our inability to pass legislation rationalizing competition
among our banks and competing financial institutions - an impasse that has
lasted for more than 15 years amid entrenched private interest, It is ironic
that one of the matters at issue in our Congress today, as a result of recent
mergers, is the political pressure brought to bear to weaken the traditional
barriers between commerce and banking - precisely the practice in Asia and
elsewhere that we rail against as a major source of institutional weakness.
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