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Understanding Complex Military Operations

RRP $359.99

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This volume provides materials for active learning about peacebuilding and conflict management in the context of complex stability operations, using a comparative case study methodology.

Complex operations are collaborative and coordinated military and civilian agency activities executed to restore stability to fragile states, and to aid the transition to democratic governance operating under the rule of law. All actors engaged in complex stability operations need to understand the requirements for effective civil-military and interagency coordination from different perspectives (military, civilian, diplomacy, development, allied, local). Effective conflict prevention and transformation requires greater coherence between security, governance and development policies along with enhanced coordination among governmental agencies and with local, regional and international partners (as in 'smart power' - pursuing the right tools for each operational context). Conflict management strategies and whole-of-government approaches are closely connected. In fragile states and post-conflict societies, security, governance and development are challenges that need to be addressed simultaneously and in coordinated fashion.

As a consequence of the multitude of threats, actors and tasks in such operations, decisions will cut across a wide range of social, political and cultural domestic and global issues and demand cognitive flexibility, adaptability and the ability to make decisions 'on the fly'. The need for strategic and operational decision-making at every turn requires that the actors - military and civilian alike - acquire the mental agility, interpersonal maturity and cross-cultural savvy. These competencies need to be ingrained into the readily available skill sets for military and civilian leaders so they become second-nature to their decision-making. The case studies in this volume integrate research -- theoretical and empirical-- that effectively identifies patterns of conflict, characteristics of complex operations and conditions for their effective conduct. It thereby provides educational materials for introducing and actively engaging students and practitioners in the intricacies of contemporary national security decision-making.

This volume will be of much interest to students of conflict prevention, transitional justice, peacebuilding, security studies and professionals conducting field-based operations in potentially hazardous environments.


The Savings And Loan Crisis

RRP $684.99

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Robert L. Bartley Editor Emeritus, The Wall Street Journal As this collection of essays is published, markets, regulators and society generally are sorting through the wreckage of the collapse in tech stocks at the turn of the millennium. All the more reason for an exhaustive look at our last "bubble," if that is what we choose to call them. We haven't had time to digest the lesson of the tech stocks and the recession that started in March 2001. After a decade, though, we're ready to understand the savings and loan "bubble" that popped in 1989, preceding the recession that started in July 1990. For more than a half-century, we can now see clearly enough, the savings and loans were an accident waiting to happen. The best insurance for financial institutions is diversification, but the savings and loans were concentrated solely in residential financing. What's more, they were in the business of borrowing short and lending long, accepting deposits that could be withdrawn quickly and making 20-year loans. They were further protected by Regulation Q, allowing them to pay a bit more for savings deposits than commercial banks were allowed to. In normal times, they could ride the yield curve, booking profits because long-term interest rates are generally higher than short-term ones. This world was recorded in Jimmy Stewart's 1946 film, It's a Wonderful Life.



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