A symbolic, not a real victory
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A symbolic, not a real victory

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A symbolic, not a real victory

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P A G E 1 4  W E E K L Y A S I A D A I L YC H I N A  0 1 1 - 1 2 , 2M A Y 6 RegionalComment Z H A N G Z H A O Z H O N G A symbolic, not a real victory On May Day, US rPsedine taBarkcba O tmak ooe thlrowyb drus sirpen he whnoune anhttaec damb O as incks.attacatta dezinagro vehai akwl-Aalr  .nIitnoicapraitis put hithoks wnAawngliil kil wne oerom yna,ecneH .r tertheist rror trp lon tufvenel barrteisor dtsmos es e,esnolg iritual leader  oon tendea  ps Laden had been killed. Bin Laden’s death can have two Without a doubt, the death of the totally different effects. On one Al-Qaida leader is a great achieve- hand, it will deal a heavy blow ment in the global fight against ter- to terrorists. On the other, it can rorism. The spontaneous celebra- arouse deeper hatred among ter-tions that broke out across the US rorists and prompt them to strike show how eagerly the Americans more fiercely at Western targets were waiting to see this day. to avenge his death. History’s most expansive, expen- According to docu-sive and exasperating manhunt has ments released by finally ended, but the most expen- WikiLeaks a few sive war against terrorism still has days ago, Khalid a long way to go. Sheikh Moham-Interceptive actions may not be as med, the suspected effective as expected against the Al- mastermind of Qaida, because it is not a centralized the Sept 11, 2001, organization with one command attacks, claimed center. Almost each of its unknown that Al-Qaida had number of branches has its own hidden a nuclear complete operating system, and bomb in Europe can act independently. Bin Laden’s that was tied to death is definitely a heavy psycho- bin Laden’s fate. In all probability, logical blow to them, but it has not the threat is a hoax but countries caused them any actual damage. have to be prepared for the worst, Besides, for the greater part of because we cannot afford to lose the last decade, bin Laden had been more lives to terrorists. in “exile” without access to any The key to fighting terrorism is modern telecommunication gadget. not to kill one or two bin Ladens, It was his assistants that organized but to eradicate poverty, which the attacks. He was, in fact, their pushes youths toward terrorism.LUO JIE / CHINA DAILY “spiritual” leader rather than their Power politics and racial discrimi- give them a stable life. estimates that the region needs to more of a symbol than material strategic or tactical leader, even nation will only push more poor According to the International create about 5.5 million jobs every success. though he built Al-Qaida three youths in that direction. Labour Organization, the unem- year to tackle unemployment. But decades ago. North Africa and the Middle ployment rate in Middle East coun- only 3 million jobs were created inThe author is a professor at the There isn’t a terrorist that exer- East have huge numbers of young tries from 1999 to 2009 remained the region in the past two years.People’s Liberation Army National cises as much influence as bin people who face a bleak economic around 9 to 10 percent. Ahmed Therefore, if we term Osama binDefense University. These are Laden. But several new-generation future. These youths need jobs to Mohammed Luqman, director-gen- Laden’s killing the US’ biggest victo-excerpts from his interview with leaders like Ayman al-Zawahiri and steer them away from trouble and eral of Arab Labour Organization, ry against terrorism, it will remainChina Central Television.
M E I X I N Y U Only short-term gain for real economy ama bi Onsigve ihaa rba dniwllao doupst grhome at ,htgnertseretni nan aint salontidef ortna dnm ias overly expandcudeht ean enoit aht wndt an rtoheth tn oocW e i adgl rin oscnEtiocto meuet  sO oeklldoe cixp, dnneNw cr ouhoteAt ,rsftc ie haearneds ta crcaosridnign gi ntto yraaM 1 yteafber g innthu-d ledy b sSsoedueIh Ut ndtn te hetti oanmearrnkaiotnye tmamlo dMsan  saw nedaL nn aned ikilllly  naPnoi arito ep bnd acyai ranegtenom esilop yraen lood ofngsibu ail mts i htiw defo sraeye  yoptirah vaew,rocnurtei snit he Middle East a n tomot evitarepmi lar by the riggeredsua  shtSU tstasos  slewoe drlc ,rlpuorepuewop kistan on by the United States for nearly 10 Fund in April 2011, these areas resulted in a powerful interest allow them to do so. Take Libya for lar rising. years. The news has had strong account for only about 5 percent of group, which is trying to keep the example, though the US leadership The problem is the Fed has repercussions in the financial real global GDP. US on the same road, regardless initially insisted on non-interfer- announced that it will still end its and commodity markets: The US The effects of bin Laden’s death of whether its military commit- ence, in the end it had to give way. second round of quantitative easing dollar has risen and commodity will mainly be concentrated in ments overseas will overly tax the Though suspicious of the Libyan on schedule in June. The current prices have dropped. But taking the financial sector and the vir- country’s strength. opposition, the US still provided monetary policy will remain stable. a comprehensive view of the tual economy, rather than the real Looking at the hard-line forces in the rebels with millions of dollars of When the US monetary policy does situation as a whole, the death of economy, but if his death affects the US that advocate interference military assistance. start to reverse, the influence of bin bin Laden is unlikely to profoundly the fundamentals of the real global overseas and the many so-called Even though in the financial Laden’s death will have dissipated. influence the overall situation of economy, Washington should take democratic and opposition groups markets and the virtual economy, So, although the US dollar rose the international economy. the opportunity to declare a suc- in countries that pin their hopes bin Laden’s death will not offset the after reports of bin Laden’s death, The region where bin Laden cessful end to the war on terror on the American intervention to large-scale market downturn, the this will only be short-term. was prevailing accounts for only a and reduce its excessive military help them seize power and which effects of his death could be ampli-small share of the global economy intervention overseas, so as to avoid have powerful lobbies in the US, it fied a hundredfold if there was aThe author is a research scholar and an even smaller share in the depletion of its national power. is easy to understand how powerful fundamental reversal of US mon-with the Chinese Academy of output of the real economy. The In this way, the world and the these interest groups are in steering etary and fiscal policies.International Trade and Economic influence of bin Laden and Al- US economies can get rid of imbal- Washington’s policy. Thus, if the Federal ReserveCooperation, with the Ministry of Qaida was mainly concentrated in ances. The problem is that the Even if some in the US leadership Board immediately announced theCommerce.
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