Research

David W. Kearn argues that deployment of nuclear weapons cannot rectify a perceived imbalance in conventional forces in the western Pacific.

During foreign policy disputes involving China and some of its most important commercial partners, why do local leaders punish or protect foreign commercial actors? The decision comes down to the political incentives facing each local leader. Understanding this variation is important because how local leaders treat foreign businesses can influence the overall effectiveness of the Chinese government’s economic coercion against foreign states. 

Power transitions affect a state’s ability to exercise economic statecraft. As a dominating and a rising power approach parity, they face structural incentives to decouple their economies. This decoupling affects business-state relations: high-value businesses within the dominant power tend to oppose their state’s economic statecraft because of its costs to them, whereas low-value businesses within the rising power tend to cooperate because they gain from it. 

Joseph Nye argues that in the face of the threats posed by China, Russia, and North Korea, Japan's self-defense depends more than ever on the strength of its alliances. By significantly increasing its own defense spending and pursuing closer military cooperation with the United States, the current government is moving in the right direction.

Many accounts of the formation of American and British grand strategy during World War II between the fall of France and the Pearl Harbor attacks stress the differences between the two sides’ strategic thinking. These accounts argue that while the Americans favored a 'direct' Germany-first approach to defeating the Axis powers, the British preferred the 'indirect' or 'peripheral' method. However, a review of Anglo-American strategic planning in this period shows that before official U.S. wartime entry, both sides largely agreed the British 'peripheral' approach was the wisest grand strategy for winning the war.

Economic interdependence has long been considered important to international peace. Questions about harmful effects of the free flow of capital, however, are arising. China and Organization for Economic Co-operation and Development countries are increasingly involving their business firms in security and intelligence work, causing a security dilemma dynamic that increases economic competition.

For many, integrating “decarbonization” into public policy, corporate and financial strategies has become a requirement, not an option — yet, what happens when the critical link between climate stability and decarbonization breaks?

When the U.S. military trains other states’ forces, it tries to impart liberal norms such as respect for human rights. But when liberal norms clash, these soldiers prioritize loyalty to their unit, the military, and shared goals.

Rather than revolutionizing war, drones demonstrate its evolution. The principle of air warfare remains avoiding exposure to the enemy. Drones are unlikely to shift the offense-defense balance toward the offense because they are vulnerable to attacks from the ground and air.

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.