Nuclear Issues

Dr. Ian Bremmer, expert in political risk and founder of the Eurasia Group, gave a seminar sponsored by the the Future of Diplomacy Project on Thursday, November 9 at the Harvard Kennedy School, titled “Managing Risk in an Unstable World."

The end of the year is a good time to consider the risks that lie ahead of us. There are of course important economic risks, including the mispricing of assets caused by a decade of ultra-low interest rates, the shifts in demand caused by the Chinese economy’s changing structure, and European economies’ persistent weakness. But the main longer-term risks are geopolitical, stemming from four sources: Russia, China, the Middle East, and cyberspace.

Although the Soviet Union no longer exists, Russia remains a formidable nuclear power, with the ability to project force anywhere in the world. Russia is also economically weak because of its dependence on oil revenue at a time when prices are down dramatically. President Vladimir Putin has already warned Russians that they face austerity, because the government will no longer be able to afford the transfer benefits that it provided in recent years.

The Spring 2013 issue of the Belfer Center newsletter features recent and upcoming activities, research, and analysis by members of the Center community on critical global issues. This edition highlights the Belfer Center’s deepening engagement with China.

"The never-ending negotiations about the pending fiscal cliff sometimes amount to nothing more than a dizzying array of numbers. Who can count that high? The negotiations also make us think that the only stastistics that mattered in 2012, or will matter in 2013, involve dollar signs. A year in pictures may be compelling and beautiful, but the year in numbers gives a strong hint of what to anticipate in the year ahead."

"China, a great power in the making, and Russia, a fading but nonetheless aspiring power, have repeatedly positioned themselves on 'the wrong side of history' in regard to the Iranian nuclear program, events in Syria, and more. Great power status confers not just prestige and influence, but also a need to share responsibility for international security and the 'global good.' With their uncaring pursuit of narrow national interests, neither is demonstrating a predilection to do so."