Nuclear Issues

Last May, Chinese solar panel manufacturer LONGi signed an agreement with Saudi trading company El Seif Group to establish large-scale solar manufacturing infrastructure in Saudi Arabia. The deal came several months after the Trump administration's imposition of global tariffs on imports of Chinese solar panels and cells.

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.

"When historians look back on the Middle East decades from now, they might find that trends in this region after 2015 were determined by the outcome of four seminal issues and battles that are in play this month."

Many Chinese worry that as Japanese politics moves rightward, it could result in the country seeking its own weapons. Beijing's concerns have intensified with its confrontation with the Abe administration over historical recognition and territorial issues. In this op-ed, Hui Zhang argues that it is time for Tokyo to stop reprocessing and eliminate its surplus plutonium as soon as possible. Tokyo should address concerns over its reprocessing plans and plutonium stocks. To reduce suspicions, Tokyo should take specific steps to abide strictly by its "no surplus plutonium policy".

The thought that what we are now witnessing in Ukraine could trigger a cascade of actions and reactions that end in war will strike most readers as fanciful. Fortunately, it is, writes Graham Allison. But we should not forget that in May 1914, the possibility that the assassination of an Archduke could produce a world war seemed almost inconceivable. History teaches that unlikely, even unimaginable events do happen.

"In light of the global and regional security implications, the two countries should take cautious steps to further their bilateral security cooperation. Carefully crafted, India-Japan security cooperation would provide the region with a new strategic tool for maintaining stability in East Asia, a condition that will be crucial if Asian economies are to maintain their impressive growth in the decades to come."

"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."