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.

Pakistan’s nuclear program and perceived nuclear security concerns have attracted global attention. The varying concerns range from the potential theft of nuclear weapons or materials to the unauthorized use of a nuclear device to terrorist groups taking control of the Pakistani government. The enduring debate, however, has oscillated between these doomsday scenarios and some optimistic considerations, where various quarters have shared their satisfaction over Pakistan’s nuclear security regime and its ability to deal with the emerging challenges. To address the evolving nature of these threats, Pakistan is constantly improving its nuclear security infrastructure. It has established a comprehensive legislative and institutional structure, nuclear security systems, and has also undertaken various international obligations. To further improve nuclear security perceptions, Pakistan should adopt a more transparent approach and learn from international best practices.

The collective West is right to take Putin’s nuclear threats seriously, but efforts to dissuade him require the pro-active involvement of China and India.

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.

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.

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

Fueled by aggressive rhetoric from both capitals, Indian and Chinese ground forces engaged in a standoff between June and August 2017. The Doklam crisis, as it became known, stimulated introspection among officials and experts in both states about the future of their relationship. Politically, both strategic communities largely concluded that the peaceful resolution of border disputes is now less likely, forecasting more rivalry than cooperation. Militarily, Indian discussions on the strength of its military position against China in their disputed ground frontier areas have converged on the view that China holds the conventional and nuclear edge over India in this domain.

Based on our analysis of data on the location and capabilities of Indian and Chinese strategic forces and related military units, we conclude that this assessment of the balance of forces may be mistaken and a poor guide for Indian security and procurement policies. We recommend that instead of investing in new nuclear weapons platforms that our analysis suggests are not likely to be required to deter China, New Delhi should improve the survivability of its existing forces and fill the gap in global arms control leadership with an initiative on restraint and transparency.

Could using the cash in your pocket have the potential to spread covid-19? That question has rarely appeared in the news, but many governments and leaders in the digital payments industry are wondering how the virus might impact the use of cash. Several countries have already taken drastic measures to limit circulation of bank notes. Could such interventions lead to the end of cash payments?

Because hand-to-hand exchange of physical currency could transmit the coronavirus, countries around the world are being forced to reconsider the use of cash. In fact, COVID-19 might turn out to be the catalyst that finally brings digital payments fully into the mainstream. Not surprisingly, the digital-payments industry is already focusing on the opportunities created by the crisis.