Science, Technology, and Public Policy

Last week, President Trump signed a new executive order that paves the way to impose sanctions against any foreign bank that conducts business with North Korea, going well beyond current UN financial sanctions. These so-called secondary sanctions, which are penalties applied to third-party foreign banks (i.e., not directly against North Korean entities), are particularly focused on Chinese banks.

"For US regulators, 2014 was a banner year for collecting fines against sanctions violators, according to The Economist. In June, BNP Paribas—France’s largest bank, and one of the largest in the world—agreed to shell out $9 billion to the US Department of Justice for violating sanctions against Cuba, Iran, and Sudan. This past month, US regulators slapped Germany’s Commerzbank—the country’s second-largest bank, with a similar global presence—with a $1 billion fine, after launching an investigation into its dealings with sanctioned countries. The increases in fines have signaled an aggressive, zero-tolerance policy toward violators, as well as a willingness to use the extraterritorial provisions of sanctions, which allow regulators to punish foreign-based banks..."

This seminar considered how the International Atomic Energy Agency (IAEA) has reacted to nuclear crises. The IAEA often appears not just to have weathered such crises, but to have successfully leaped through windows of opportunity presented by them. This has resulted in periodic expansions of its mandate, capabilities, and resources. The 2011 Fukushima disaster appears to be a puzzling exception, raising the question of what concatenation of factors needs to be present for the IAEA to take advantage of nuclear crises.

Professor Findlay analyzed the response of the International Atomic Energy Agency (IAEA) to the March 2011 nuclear reactor disaster at Fukushima, Japan. He compared the expectations that the Agency, its member states, and other nuclear stakeholders had of the IAEA's role in such a situation with the harsh reality. Drawing on these insights, he suggested possibilities for strengthening the Agency's capacities for handling the next Fukushima.

"The surge in interest in Africa by China and India requires a different approach that does not view the continent as a helpless victim of foreign influence. To that end African countries are seeking to replace classical foreign policy that focuses on access to markets in return for raw materials with a new vision of economic diplomacy."

Vipin Narang, a research fellow with International Security Program and Project on Managing the Atom, discusses nuclear security and terrorism.

With both China and the United States relying heavily on coal for electricity, senior government officials from both countries have urged immediate action to push forward technology that would reduce carbon dioxide emissions from coal-fired plants. They discussed possible actions at a high-level workshop in April jointly sponsored by the Belfer Center's Energy Technology Innovation Policy (ETIP) research group, China's Ministry of Science and Technology, and the Chinese Academy of Sciences.

"In facing the disaster, China lacked the well-established infrastructure, an adequate crisis management system, and well-trained disaster-relief professionals like in Western countries. Yet it was the ordinary people who made up for those deficiencies. The solidarity and cooperation of the Chinese people, which the government swiftly and effectively mobilized, restored the country to normal operations quickly. Some foreign observers exclaimed that another country affected by a disaster of the same scale would have been paralyzed."