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STRATEGIC RESOURCES (2) answer(s).
 
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1
ID:   132446


Russia's struggle for military reform: a breakdown in conversion capabilities / Marshall, James A   Journal Article
Marshall, James A Journal Article
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Publication 2014.
Summary/Abstract This article assesses the recent attempts to reform the Russian military and the future prospects of successful reform. Despite serious social and economic ailments, Russia should still be able to modernize its military; however the key obstacles to reform lie in its leadership's inability to shape existing resources into military capabilities. First, the article examines the decay in Russia's manpower, defense budgeting, and defense industrial base. Second, the article surveys the security environment in which Russia must tailor these strategic resources. However, the state of these resources and Russia's security needs do not justify the capabilities that the Russian military has developed. Therefore, the article identifies Russia's inability to transform resources into capabilities as the missing link in military reform. Specifically, these poor 'conversion capabilities' include dysfunctional civil-military relations, misguided threat assessment and strategy formulation, and opaque doctrine. Finally, the article concludes that absent any external existential threats or a military disaster, successful military reform is unlikely, with implications for both the threshold at which Russia decides nuclear weapons are necessary as well as its perceived need for strategic depth.
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2
ID:   086570


Who's afraid of sovereign wealth funds? / Yi-chong, Xu   Journal Article
Yi-Chong, Xu Journal Article
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Publication 2009.
Summary/Abstract A spectre is stalking the world: the spectre of a rich Chinese state buying strategic resources, hollowing out companies, gobbling up financial institutions and threatening the sovereignty of the countries in whose resources and companies it invests. The China Investment Corporation (CIC) - a sovereign wealth fund company (SWF) - is the stalking horse of the Chinese state. Using the CIC as an example, this article argues that the warning about SWFs has little to do with their size, the speed of their growth or what SWFs have or have not done. It is about a shifting power relationship in the global economy. This broader realignment may have been occurring slowly, but it is happening. Neither side - those who have been writing the rules of the game for international political economy and those who are historically rule-takers - is fully willing to acknowledge the shift and take responsibility to build a new architecture of an international financial system that can accommodate interests of old and new players.
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