Research

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

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.

The first half century of the nuclear age witnessed the gradual construction of a global nuclear order designed to mitigate nuclear dangers, inhibit arms racing, and prevent the spread of nuclear weapons to additional states. Spurred by the experiences, the dangers, the crises, the near misses, and the frightening risks on display in the early years of the Cold War, sustained efforts were made, in McGeorge Bundy’s vivid phrase, “to cap the volcano.” The time had arrived, Bundy wrote in 1969, for the two great nuclear superpowers “to limit their extravagant contest in strategic weapons,” a contest that had “led the two greatest powers of our generation into an arms race totally unprecedented in size and danger.” In the subsequent twenty-five years after Bundy’s appeal, an increasingly elaborate and institutionalized arms control process produced, with many ups and downs, a detailed web of constraints on the nuclear behavior of the superpowers. The articulated goal was to stabilize the superpower nuclear balance by reinforcing mutual deterrence. The vast nuclear arsenals of the superpowers, however, were not the only source of nuclear danger. In a world in which the number of states armed with nuclear weapons was slowly growing and many additional states had interest in acquiring such weapons or the technology to produce them, there was reason, as Albert Wohlstetter warned in 1961, to be “concerned with the enormous instabilities and dangers of a world with many nuclear powers.” Such a world—“life in a nuclear armed crowd”—Wohlstetter wrote in a later famous study, was widely believed to be “vastly more dangerous than today’s world.” The desire to prevent this unattractive world led to the negotiation of the Nuclear Nonproliferation Treaty (NPT), which entered into force in 1970, and to the subsequent development of an associated regime intended to create legal and technical barriers to the spread of nuclear weapons. Thus, in reaction to the major perceived dangers of the nuclear age, there emerged what Lawrence Freedman calls the “twin pillars” of the global nuclear order: mutual stability in the major nuclear rivalry and nonproliferation to inhibit or prevent the spread of nuclear weapons to additional states.

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.

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.

Political scientist Christopher Clary discusses issues pertaining to strategic stability in South Asia