The 24K variant of the yellow metal was trading at Dh279.5 per gram on Monday morning as compared to last week’s close of Dh278.75 per gram
uae2 hours ago
Why not the others? There is no good reason, apart from, in the latest situation, hubris on the Russian side and an inflated sense of self-importance on the Georgian side, partly because America has encouraged this.
Six years ago Nigerian president, Olusegun Obasanjo, confronted with growing tensions with neighbouring Cameroon over the Bakassi peninsular, long ruled by Nigeria, decided to resist the advice of his minister of defence, who pushed for a military solution, and to turn the dispute over to the World Court. Newspapers ridiculed Obasanjo, public opinion was nationalistic, but he held his course and did so even when the court ruled in Cameroon's favour. Bakassi is now being turned over to Cameroon.
Unlike South Ossetia there was something to fight over — large quantities of oil — but Nigeria swallowed its pride. This doesn't happen as often as it should, but it does happen.
It is often said that the twentieth century was the bloodiest century of mankind. It was. Nevertheless, there is another rarely told side of the history of the last century. The truth is that over a hundred years states committed themselves to a far more just, humane and peaceable world than their practice often suggested. Dorothy Jones in her carefully researched book, Codes of Peace, argues that there is a "hidden history" of the last century, ¨the record of an un-noticed breakthroughs in treaty-making when the great warrior states have adopted apparently minor stipulations that, in fact, represent agreement to significant restraint on their sovereignty."
The League of Nations rests in a perpetual historical cloud because of its failure to deal with Germany. But it did resolve the Aaland Island dispute between Finland and Sweden (which mattered as much at the time as Kosovo does today). Most notably, throughout an extraordinarily tense situation in 1935, an international military force kept order during the plebiscite that returned the Saar to Germany. (To gauge the passions involved, think not of South Ossetia, but of returning Ulster to Eire today.)
All these inflamed disputes were settled by arbitration. The vexed issue of the Aaland Island in the Baltic Sea led to one of the most carefully crafted of all international documents, one that has been drawn on over the years since as the template for resolving competing claims by neighbouring countries.
The Swedish inhabitants were demanding that they be allowed self-determination from their Finnish rulers. "To concede to minorities", the League"s eminent advisers concluded, "whether of language or religion, or to any fractions of the population, the right to withdrawal from the community to which they belong, because it is their wish or grand pleasure, would be to destroy order and stability within states and to inaugurate anarchy in international life."
This is why the British government supported, in the face of an outcry at home, the right of Nigeria to put down the revolt of the dissident state of Biafra in the 1960s. It is why the Big Five of the Security Council are united in accepting the territorial integrity of Iraq. And historians like to rub our faces in the fact that Hitler claimed with his invasion of Sudetenland that he was merely applying Wilsonian principles of self-determination for German minorities outside the Reich.
If the West had not pushed so hard for the independence of the breakaway province of Kosovo, flying in the face of this long accepted wisdom, (with Moscow pushing the other way), Russia would not have found it so easy to justify its invasion of South Ossetia and Abkhazia.
In this instance the course of international law goes against Russia. Georgia should complete its withdrawal and then challenge Moscow to refer their dispute to the World Court.
Jonathan Power is a London-based commentator on foreign affairs
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