Britain is dithering about whether to join the European Monetary Union or to go it alone. But it should explore the much better option of becoming a member of an expanded NAFTA--an arrangement more in accord with its traditions and interests.
Too much of Western energy, resources, and political capital has been sunk into schemes whose primary goal is propping up Yeltsin's regime, while not listening to what Russians themselves want and need.
It does not follow that if a policy of "engagement" has its problems, a policy of "containment" must be flawless. The language that has arisen to discuss U.S. China policy is itself seminally misleading.