This report was adapted from the Stanley Foundation’s Policy Bulletin “Global Disarmament Regimes: A Future or a Failure?” which reported on the 34th United Nations Issues Conference, sponsored by the Stanley Foundation in February 2003. More information is available at the foundation’s Web site, at reports.stanleyfoundation.org. Richard Stanley is chair and president, and Michael Ryan Kraig is the program officer in Global Governance and U.S. Foreign Policy, at the Stanley Foundation, Muscatine, Iowa.