Friday, March 20, 2009
Axis of Evil to Upheaval???
As unemployment and political discontents escalate, a prolonged global economic crisis increases the likelihood of future failed states. Foreign Policy Magazine recently published an article “Axis of Upheaval” that argues the US should be more concerned with economic problems in a few underdeveloped countries than the three states former president Bush named as "The Axis of Evil" – Iran, Iraq and North Korea. One of the countries mentioned is a major concern for the US because of its close proximity and the potential for violence to spill over the border. Mexico has been ravaged by a multi-front war between the government and drug cartels; the violence has become so serious that it has called into question the legitimacy of Mexico’s government to handle the issue. This could have disastrous consequences for the second largest economy in Latin America – violence makes investors uneasy, increasing the likelihood they may pull money out of the economy, adding to country's economic problems.
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