Research

As the war in Israel and Gaza continues, Professor Stephen Waltf and Ambassador Edward Djerejian were two of the five Harvard faculty and affiliates with expertise in the region who spoke with The Crimson about their views on the future of the conflict.

Stephen Walt writes that this event—and the many clashes that preceded it—may also reveal the limits of power. War is the continuation of politics by other means, and powerful states sometimes win on the battlefield and still lose politically. Hamas will never be able to defeat Israel in a direct test of strength, but its attack is a tragic reminder that Israel is not invulnerable and the Palestinian desire for self-determination cannot be ignored. It also shows that the Abraham Accords and the recent efforts to normalize relations between Israel and Saudi Arabia are no guarantee of peace; indeed, they may have made this latest conflict more likely.

Juliette Kayyem asks: How did Israel not see it coming?

This policy brief explains how Russia and Iran have sought to upgrade their partnership through greater diplomatic support for pushing back on Western hegemony, mutual provision of key weapons systems, and sharing of expertise on evading sanctions.

A textbook case of coercive diplomacy, Hezbollah's maneuver was calculated and deliberate, which reflects the group's strategic expertise. Drawing on open-source materials and public statements in Arabic and Hebrew, this article analyzes Hezbollah's coercive-diplomacy campaign and examines its implications for escalation scenarios between Israel and its central military opponent.

Can intelligence serve as a coercive instrument in international relations? While coercion literature mostly addresses military and economic means, this article argues that coercion can also include the deliberate public disclosure of intelligence. Intelligence can be employed to threaten adversaries, reduce their latitude, and force them to adjust their plans and operations

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?

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.

Jacqueline L. Hazelton  details why the international jihadi terrorist threat to the United States is down since the al-Qaida attacks of 20 years ago. Not through war or other uses of organized violence, but through cooperation, use of legal and financial tools, and strengthening homeland defense and resilience.

The Covid-19 pandemic has drastically disrupted people’s lives, livelihoods, and economic conditions around the world. The global shock has resulted in a tourism standstill (Djankov 2020), significant capital flight (Djankov and Panizza 2020), and a slowdown in remittances (Nonvide 2020), resulting in an urgent balance-of-payments need. Egypt responded to the crisis with a comprehensive package aimed at tackling the health emergency and supporting economic activity. The Ministry of Finance acted swiftly to allocate resources to the health sector, provide targeted support to the most severely impacted sectors, and expand social safety net programmes to protect the most vulnerable. Similarly, the Central Bank of Egypt adopted a broad set of measures, including lowering the policy rate and postponing repayments of existing credit facilities. The next section highlights the experience of firms in Egypt following these policies.