Globalization's Democratic Deficit From Seattle to Québec City, ant globalization protesters have complained that international institutions are illegitimate because they are undemocratic. To fight this perception, global organizations need to increase transparency, improve accountability, and think harder about norms for global governance

Crisis in the Taiwan Strait? The simmering dispute over the status of Taiwan may soon explode in violence. The Chinese regime sees Taiwan's recent democratization as an implicit challenge to its own authority and legitimacy and thus continues to threaten and intimidate the island. Meanwhile, Taiwan has procured advanced defensive weapons from the United States. Growing tensions across the Taiwan Strait, along with the lack of military and diplomatic communication, make conflict-possibly involving the United States-increasingly likely. To avoid such an outcome, Washington should actively facilitate cross-strait dialogue and deter provocations by either side. But it must do so soon, for both China and Taiwan are growing impatient

Financial abuses-money laundering, tax evasion, and rogue banking-have been around for as long as there have been finances to abuse. But globalization is creating new challenges as borders dissolve. New technologies enable tiny, remote countries to make quick money through their underregulated banking systems. Recent multilateral initiatives have started to attack the problem. But if the Bush administration fails to follow through on reforms, the entire effort could fall apart