Research

A interview conducted by The Fletcher School Forum with Ambassador Nicholas Burns, Former Under Secretary of State for Political Affairs.

What the Iron Man-like character is claiming for his futuristic automotive company is not unheard of. On a systemic basis, mammoth institutional investment—especially from sovereign wealth funds (SWFs)—is flowing into start-ups and technology-oriented publicly traded companies. In this case, Saudi billions would help Mr Musk escape the pressures of being publicly listed. SWFs have invested large sums into high-growth start-ups promising innovation and financial returns. In fact, just this month, Saudi’s Public Investment Fund (PIF) announced a US$1bn investment in Tesla’s rival, Lucid, and a US$2bn stake in Tesla. The rise in SWF balance sheets and activity is having ramifications on global efforts to be more Silicon Valley-like, and on Silicon Valley itself.

The paper provides a detailed analysis of the contemporary Sino-Indian conventional ground and nuclear force balances and carefully reconstructs how mutual developments in these areas are perceived by both New Delhi and Beijing.

President Donald J. Trump’s tweet this weekend that the U.S. might terminate all trade with countries doing business with North Korea was widely derided on the grounds of realism. Given that 90 percent of North Korea’s trade is with China, the tweet was little more than a veiled threat to terminate all U.S. trade with Beijing, ending a bilateral trade relationship valued at $650 billion a year. It would, as many correctly pointed out, mean economic disaster for North Korea -- and also for the U.S.

It is ironic that when President Trump finally made his first major foreign policy decision, he ran with the advice of his “cooler heads” — the Generals he admires — over his own instincts to cut U.S. losses and get out of this jungle. In extending U.S. involvement in Afghanistan for the narrower purpose of battling the Taliban, Al-Qaeda, ISIS and associated groups, every U.S. soldier killed and wounded in Afghanistan from this day forward becomes in effect a casualty of the scourge of terrorism the president is determined to thwart.