Could globalization collapse? It may seem unlikely today. Yet despite many warnings, people were shocked the last time globalization crumbled, with the onslaught of World War I. Like today, that period was marked by imperial overstretch, great-power rivalry, unstable alliances, rogue regimes, and terrorist organizations. And the world is no better prepared for calamity now

If President Bush hopes to make good on his promise to bring democracy to the Arab world, he must rethink U.S. strategy, which overemphasizes civil society and economic development. Neither has caused much political liberalization in the Middle East, nor have more punitive measures. To promote Arab democracy, Washington needs a new approach: offering financial incentives for political reform

Recent scandals in Iraq and elsewhere have shone unaccustomed light on an explosive trend: the growth of private military contractors. Such firms allow governments to accomplish public ends through private means and without much oversight. This lack of scrutiny may be expedient, but it is not necessarily good for democracy. Privatization can benefit everyone, but only if done in the right way