It has been nearly nine years since Russia embarked on ambitious reforms to establish a democratic political system and free-market economy. The road to these goals has not been easy, nor has the task of building relations with the United States following the Cold War. After nine years, what is Russia tody and what will it be in the future - a partner or a competitor?

Transcript of an address given by Richard Bush, chairman of the board and managing director of the American Institute in Taiwan, on May 24, 2000. Also included in this volume is the transcript of a roundtable discussion which took place on April 14, 2000, on Taiwan's historic elections. Three distinguished speakers participated: Larry Diamond and Ramon H. Myers, both senior fellows at Stanford University's Hoover Institution, and Suisheng Zhao, Campbell National fellow at Stanford's Hoover Institution.

Russian democracy and American national security are intimately intertwined. This link is not new, but it is not well understood. When the cold war ended and Soviet communism disappeared, American national security was enhanced. If dictatorship returns to Russia, the United States and its allies will once again be threatened. Containment would likely be adopted as the guiding principle of American foreign policy. The United States could find itself in an arms race with Russia. We argue here that the connection of Russian politics and U.S. security needs to be clearer in the minds of U.S. decision makers. Failure to recognize and respond to this link will have consequences for U.S. security interests.

Days after staring down the August 1991 coup attempt, Russian President Boris Yeltsin boasted a 90 percent approval rating at home, adorned the cover of every international weekly in the world, and was christened a democratic hero by world leaders from Washington to Tokyo. When he suddenly resigned as president on December 31, 1999, Yeltsin enjoyed an eight percent approval rating at home (with a margin of error of plus or minus four percent). He probably had only two or three international calls to make. With the exception of Bill Clinton and a few others, Yeltsin had almost no friends in high places left. Even the Western media all but ignored the passing of this onetime hero. When Clinton appeared that morning to comment on Yeltsin's retirement, most American television networks chose instead to air the fireworks display in Beijing.

Published as part of the "America's Alliances with Japan and Korea in a Changing Northeast Asia" Research Project.