Research

Africa is home to approximately 1.4 billion people[1], about 16 percent of the world’s population, yet its continental share in global trade remains below 3 percent[2], according to the World Trade Organization (WTO). This suboptimal proportion of world trade is compounded by Africa's limited intra-continental trade. During the 26th Africa Business Conference (ABC) held at Harvard Business School (HBS) on the 17^th of February 20, 2024, industry experts, policymakers, students, faculty members, and entrepreneurs converged to interrogate these concerns and explore opportunities for improving intra-African trade. 

Joseph Nye considers lessons from his own work on preventing the spread of nuclear technology in the 1970s.

Commercial international port terminals owned and operated by Chinese firms provide dual-use capabilities to the People's Liberation Army during peacetime. They enable China to project power into critical regions worldwide by providing military logistics and intelligence networks.

Capital Choices analyzes the creation of different SWFs from a comparative political economy perspective, arguing that different state-society structures at the sectoral level are the drivers for SWF variation. Juergen Braunstein focuses on the early formation period of SWFs, a critical but little understood area given the high levels of political sensitivity and lack of transparency that surround SWF creation. Braunstein’s novel analytical framework provides practical lessons for the business and finance organizations and policymakers of countries that have created, or are planning to create, SWFs.

States frequently acquire proof that other states have violated norms. Yet, existing theories do not fully explain how states wield such proof to coerce wrongdoers. Four case studies of nuclear proliferation probe a novel theory of how states coerce norm violators by concealing, sharing privately, or publicizing proof of guilt.

What sounded so simple during last year’s presidential campaign has turned out, like everything related to Iran, to be quite complicated.

From trade disputes to digital governance to multilateral institutions in need of reform, the incoming Biden Administration faces a full international economics policy agenda. Rising U.S.-China tensions will exacerbate these policy challenges as the world’s two largest economies compete for economic power and global influence. This fall, the Belfer Center’s Economic Diplomacy Initiative, led by Aditi Kumar, Nicholas Burns, and Lawrence H. Summers, hosted a series of discussions examining the U.S.-China economic relationship.  

The geopolitical and geo-economic forces wrought by the coronavirus pandemic, as examined previously in this series, are likely to slow the transition to a more sustainable global energy mix. Fortunately, the pandemic has also resulted in governments gaining vastly greater influence over whether this shift stalls or accelerates.

For most people, there was nothing to celebrate when the International Monetary Fund downgraded its outlook for global economic growth in June, anticipating a contraction of 4.9% for 2020. Yet for others, such as the small but persistent group of economists and others known as the “degrowth movement,” the Covid-induced economic slowdown has a silver lining.

The search for silver linings to the coronavirus pandemic has come up woefully short. But one hopeful — and much talked of — prospect is that the disruption will accelerate the global shift to a more sustainable energy future.