Articles

The small open economies of the Gulf and Southeast Asia are pioneers in the establishment of

Sovereign Wealth Funds (SWFs). The SWFs of countries like Qatar and Singapore are among the

world’s largest in terms of total asset size relative to Gross Domestic Product. This article looks

at the different compulsions behind the setting up of SWFs by small open economies.

The world's energy system needs rebuilding. The Paris agreement to keep global warming “well below 2 °C above pre-industrial levels” demands that we replace fossil fuels with solar, wind, geothermal and biomass energy. The price tag is vast: investing US$120 trillion in energy projects between 2016 and 2050, at twice the current annual rate of $1.8 trillion a year, will deliver a 66% chance of achieving the Paris target. We must halve oil production and stop using coal to produce electricity.

Many energy consumers, and even analysts and policymakers, confront and frame energy and climate risks in a moral vacuum, rarely incorporating broader social justice concerns. Here, to remedy this gap, we investigate how concepts from justice and ethics can inform energy decision-making by reframing five energy problems — nuclear waste, involuntary resettlement, energy pollution, energy poverty and climate change — as pressing justice concerns.

The defining question about global order for this generation is whether China and the United States can escape Thucydides’s Trap. The Greek historian’s metaphor reminds us of the attendant dangers when a rising power rivals a ruling power—as Athens challenged Sparta in ancient Greece, or as Germany did Britain a century ago. Most such contests have ended badly, often for both nations, a team of mine at the Harvard Belfer Center for Science and International Affairs has concluded after analyzing the historical record. In 12 of 16 cases over the past 500 years, the result was war. When the parties avoided war, it required huge, painful adjustments in attitudes and actions on the part not just of the challenger but also the challenged.

China is the world's largest emitter of carbon dioxide, accounting for one-quarter of the global total in 2013. Although the country has successfully lowered the rate of emissions from industry in some cities through improved technology and energy-efficiency measures, rapid economic growth means that more emissions are being added than removed. Without mitigation, China's CO2 emissions will rise by more than 50% in the next 15 years.

States have long worried that their dependence on oil gives producers a means of coercion. The oil market, however, is far larger and more integrated than it used to be. The potential for coercion differs across a series of distinct market segments. In this varied market, the United States remains the dominant force.

The central purpose of this article is to establish the relationship between power projection, technology, and economic power. How economically powerful does a state need to be before it can afford the capital intensive technologies, foreign bases, and military and logistical forces associated with global power projection? The specific research question we focus on in this article is: What determines how far states send their military forces? We argue that as the costs associated with projecting power decrease or as the wealth necessary to project power increases, states will project power more frequently and at greater distances. We use a system level time series analysis from 1870–1936 and a dispute level analysis on all militarized international disputes from 1870–2000 to test these propositions. This article is the first to demonstrate empirically that the distance and frequency of power projection is a function of the cost of projecting power. We close with a discussion of contemporary states building power projection capabilities and how future research might build from our research to explain this behavior.

Using the bidding prices of participants in China's national wind project concession programs from 2003 to 2007, this paper built up a learning curve model to estimate the joint learning from learning-by-doing and learning-by-searching, with a novel knowledge stock metric based on technology adoption in China through both domestic technology development and international technology transfer. The paper describes, for the first time, the evolution of the price of wind power in China, and provides estimates of how technology adoption, experience building wind farm projects, wind turbine manufacturing localization, and wind farm economies of scale have influenced the price of wind power.

"The conventional wisdom among those who looked at the Middle East used to be that you had a choice either of supporting the autocrat or being stuck with the religious extremists. The extraordinary diffusion of information created in Egypt and other Middle Eastern countries reveals a strong middle that we weren't fully aware of. What is more, new technologies allow this new middle to coordinate in ways unseen before Twitter, Facebook, and so forth, and this could lead to a very different politics of the Middle East. This introduces a new complexity to our government's dealings with the region."