Research

Stephen Walt elaborates on what he is expecting for 2024:  the Israel-Gaza conflict widening, the 75th anniversary of NATO, the possible re-election of Donald Trump, and the election results from other populous democracies, to name a few.

Stephen Walt critiques Henry Kissinger's professional life by dividing it into three parts: as an academic at Harvard; as national security advisor and secretary of state; and as an author, pundit, and sage, much of it conducted as the head of Kissinger Associates, the consulting firm he founded after leaving government.

Stephen Walt argues that the true value of more diverse decision-making teams and more open political systems is not that they never make mistakes but rather that they make it more likely that policy blunders will be corrected once it is clear they are not working.

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.

Nathaniel L. Moir writes of historical cases in which a U.S. tendency to over-rely on military capabilities and American economic strength proved unwise and how such power eventually proved to be irrelevant. In addition to the Vietnam War as an example, the rapid collapse of the Republic of China and its large military forces in late 1948 and 1949 offers some parallels with the collapse of the Afghan National Army and the Afghan Government, despite the United States investment of trillions of U.S. dollars.

As economies begin to orient themselves towards recovery and growth in a post-COVID-19 era, they will first need to disentangle themselves from their prior bedfellows, the state, whose courtship was necessary for survival during the pandemic.  Such bedfellow relationships have become increasingly common as government intervention is urgently needed for economic stabilization. Governments have also embraced their new role with vigor. According to the IMF, as of April 2020, countries have committed around $8 trillion to combat the pandemic and to remedy its ill effects on economies and societies. Decisions about how this money will be spent will undoubtedly recalibrate the logic of capitalism for years to come. 

Juergen Braunstein and Sachin Silva argue that sovereign wealth funds may be central to governments' efforts to balance public responsibility with private interests in post-pandemic economies.

The Bulletin of Atomic Scientists has published a document from the Pugwash Conference on Science and World Affairs concerning nuclear problems and tensions in the time of COVID-19. The document has been co-signed by a large number of Pugwash colleagues and personalities.

As the divergent experiences of the US and South Korea show, testing can be the difference between disease containment and catastrophe. Rather than relying on national governments to ensure the rapid development, production, and deployment of diagnostics during outbreaks, the world needs a global coordinating platform.