Research

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?

Charli Carpenter argues that the Taliban should be isolated and shamed, and diplomatic recognition should be withheld until an inclusive government is in place. But in the meantime, the United States should do all in its power to protect and expand the human rights of women. Leading by example can be the most powerful form of advocacy.

The surprising strength of economic sanctions deployed multilaterally against Russia this month has been exceeded only by the surprising strength of the heroic Ukrainian resistance to the invasion of their territory.  True, it is hard to imagine sanctions bringing the Russian economy to its knees faster than Russian troops are able to complete the hundred-mile advance to Kyiv from the border.  But sanctions have gone macroeconomic.  Ultimately, the Russian economy will suffer severely and lastingly.

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.

Russian military action in Ukraine could trigger an energy crisis even more serious than the one already hitting Europe. As has been pointed out, should the West hit Russia with severe new sanctions, President Vladimir Putin could cut off natural gas exports, leaving the continent shivering through midwinter. Yet there is another potential weapon of Russia’s that’s been less discussed and might be very effective: An ability to disrupt global oil markets, which would directly hit U.S. consumers.

The Russian/Chinese-led bloc is expected to approve Iran's accession this week amid uncertainty over President Raisi's foreign posture and ongoing turmoil in Afghanistan.

What sounded so simple during last year’s presidential campaign has turned out, like everything related to Iran, to be quite complicated.

The United States' present dysfunction—and the hyper-securitized physical apparatus in Washington—is the natural outgrowth of its reckless, militaristic conduct abroad, Stephen M. Walt writes.

Iran, Russia and other countries often use proxies as a way to fight the United States and its allies while advancing their own influence. Fighting proxy war, however, is often more complicated than confronting traditional aggression.  Sara Plana details a range of responses to proxy war and notes their many limitations.

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.