Nuclear Issues

Following a brief market plunge, the President-elect’s speech on Tuesday night was more conciliatory than many expected and emphasised his commitment to infrastructure investment. Investors have, on balance, concluded that the combination of a shift to very expansionary fiscal policy and major reductions in regulation in sectors ranging from energy to finance to drug pricing will raise demand and reflate the American economy.

Much of the immediate commentary on the Joint Comprehensive Plan of Action (JCPOA) signed between the P5+1 and Iran on July 14 focused on the deal’s details as well as its many shortcomings. Most of these reactions, both favoring and opposing the agreement, focused on elements of the nuclear package itself.

As the policy community prepares to assess an agreement between the U.S. and its P5+1 partners and Iran, Senate Foreign Relations Committee Chairman Bob Corker asked me to review the history of analogous agreements for lessons that illuminate the current challenge. In response to his assignment, I reviewed the seven decades of the nuclear era, during which the U.S. negotiated arms-control treaties, including the Non-Proliferation Treaty of 1968; strategic arms limitation talks and agreements from SALT to New Start; the North Korean accord of 1994; the agreements that helped eliminate nuclear weapons in Ukraine, Kazakhstan, and Belarus in the early 1990s; and the pact that eliminated the Libyan nuclear weapons program in 2003.

Among many lessons and clues from this instructive history, five stand out

"Companies that manage the transport of all these resources can have tremendous impact on any nation's survival, making the movement of goods across the seas an unrecognized animating force in foreign affairs. The sanctions and the resulting economic crisis made the route through the Strait of Hormuz unsustainable for this major shipping line."

Before the Fukushima Daiichi nuclear accident, China had big nuclear expansion plans, with more than 40 reactor units under construction or in planning. The Fukushima disaster led China to conduct safety inspections of all its reactors and to suspend nuclear project approvals until a new nuclear safety plan could be adopted. Under Beijing's new safety regulatory system, reactors that are operating or under construction will be spared major redesign, but future projects will face re-engineering, perhaps leading the Chinese to adopt safer third-generation reactor designs created by Chinese firms.

"The second perspective focuses on the globalization and technological importance of the West, arguing that in the process of globalization and development, Iran needs expanding ties with the centers of science and wealth-creation in the West. From this perspective, forming regional coalitions or Iran's involvement in political and security issues of the Middle East, such as the Arab-Israeli conflict, in a contradictory way will only go to further complicate Iran's relations with the West and will impede the country's development."

"Dwight Eisenhower was the first Republican to recognize that the achievement of an international system to restrain the proliferation of nuclear weapons would be well worth a minor abrogation of national sovereignty. It is to be hoped that the necessary handful of Republican senators will endorse the collective wisdom of predecessors Root, Eisenhower, Ronald Reagan and George H.W. Bush and join their Democratic colleagues in supporting START renewal and ratification of the CTBT."

The only thing that can keep nuclear bombs out of the hands of terrorists is a brand-new science of nuclear forensics.