INTERNATIONAL FINANCE
October 2008
"Policies for Developing Country Engagement"
Discussion Paper
By Daniel S. Hall, Michael A. Levi, William A. Pizer and Takahiro Ueno
A successful global effort to mitigate global climate change will require substantial cooperation between developed and developing countries. Even as the bulk of the developed world is at some stage of enacting significant domestic regulations to meet global stabilization goals, growth in developing country emissions will easily thwart those goals unless a cooperative solution is found. We argue that there is a wide range of options that should be pursued, including domestic policy reforms in developing countries, expanded financing mechanisms to address incremental costs, and diplomatic efforts in a variety of forums, all aimed at increasing developing country mitgation efforts over time.
October 14, 2008
"Economic Realities Must Guide Africa's Constitutional Reform Efforts"
News
By Beth Maclin, Communications Assistant
"African countries need new constitutional orders to cope with modern economic challenges, Calestous Juma said at a recent lecture....A major challenge is based in the constitutions and laws left behind for the newly liberated countries. 'What was being negotiated as independence was really an exercise in constitutional continuity from the colonial period through independence,' Juma said....While there is enormous pressure on African countries to focus on economic programs, they are unable to because the governmental framework left behind did not integrate the economic role of the colonizer into the new role of president."
AP Photo
October 14, 2008
Paul Volcker: Bailout “Distasteful” but Necessary
News
By Paul Volcker, International Council Member, Belfer Center for Science and International Affairs
Paul Volcker, speaking at a lecture in Singapore, said the U.S. economy faces a "considerable recession."
October 8, 2008
"The High Cost of Incompetent Governance"
Op-Ed, Agence Global
By Rami Khouri, Senior Fellow, The Dubai Initiative
In times like this -- global economic crisis -- the dominance of exclusively oil-fueled economies in the Arab World expose a regional lack of competent governance.
AP Photo
September 26, 2008
Boards Fail -- Again
Op-Ed, BusinessWeek
By Ben Heineman, Senior Fellow, Belfer Center for Science and International Affairs
Sadly, it is clear that the boards of our major financial institutions did not understand the risks the entities were taking. It may be that the CEOs and top management didn't understand, either, but it is the board's job to press management. As experienced individuals, it is board members' duty to ask hard questions when things are going extremely well as well as when they are going badly.
AP Photo
September 19, 2008
Economic Experts Offer Solutions to Financial Turmoil
News
By Sasha Talcott, Director of Communications and Outreach
With financial markets in chaos, several of the leading economists affiliated with Harvard Kennedy School's Belfer Center -- including Lawrence H. Summers, Martin Feldstein, and Paul Volcker -- are actively advising policymakers on next steps.
July-August 2008
"Size Matters"
Magazine or Newspaper Article, The American Interest, issue 6, volume 3
By Richard N. Rosecrance, Adjunct Professor; Senior Fellow, International Security Program
"As the American political system hurtles toward its quadrennial encounter with the oracle of democracy, it is worth our while to take stock of the country's place in a world beset by bewilderingly rapid change. (Heaven knows none of the candidates will bother to do this.) I want to suggest that an old yet generally neglected subject remains particularly relevant: the relationship between the size of political units and the effective scale of systems of economic production and exchange. Another way to describe this relationship is by recourse to the hoary scholarly phrase "political economy", a term of art that has unfortunately gone out of style...."
January 22, 2008
"Nuclear Fuel Supply Concept Developed by Debra Decker and Erwann Michel-Kerjan is Featured in the Global Risks 2008 Report of the World Economic Forum"
Highlight
By Debra Decker, Associate, International Security Program/Project on Managing the Atom and Erwann O. Michel-Kerjan
"A truly innovative concept has been proposed by a joint team from the Wharton Business School and Harvard's Kennedy School: "insure to assure." The proposed solution — complementary to the efforts of the IAEA and others — would create a partnership between financial industries and governments to create the world's first international nuclear fuel insurance fund."
September 17, 2007
"America and Global Public Goods"
Op-Ed, Daily Times, (Pakistan)
By Joseph S. Nye, Sultan of Oman Professor of International Relations
"By using its good offices to mediate conflicts in places like Northern Ireland, Morocco, and the Aegean Sea, the US has helped in shaping international order in ways that are beneficial to other nations."
September 4, 2007
"The Other Energy Crisis"
Magazine or Newspaper Article, Strategy + Business
By Debra Decker, Associate, International Security Program/Project on Managing the Atom and Erwann O. Michel-Kerjan
As nuclear energy becomes a viable alternative to carbon-based fuels, security is a vital concern. Here’s how private markets might be able to help.
