Articles

Stephen Walt argues for a return to a realism-based U.S. grand strategy.

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 Chinese cyber threat to the United States has been exaggerated. China's cyber capabilities are outmatched by those of the West, and Beijing reaps too many benefits from the internet's liberal norms to attempt to seriously undermine them.

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.

In this new lead article, Prof. Calestous Juma, Harvard University and Prof. Yee-Cheong Lee, UNESCO, reflect on the progress made since the UN Millennium Project's Task Force report on science, technology and innovation (ST&I) was published. In 2005, the Task Force released the report Innovation: applying knowledge in development. It outlined a number of ways in which ST&I could be used to realize the UN Millennium Development Goals (MDGs). The authors claim that the report has played a key catalytic role in raising global awareness of the importance of ST&I in development.

Africa is yet to adopt full scale technology-led development. Steve Mbogo spoke to the Director of the Belfer Center's Science, Technology, and Globalisation Project and professor at Harvard University Calestous Juma on the opportunities that await the continent as a late comer.

"The challenge is finding an entry point for fostering science, technology and engineering cooperation between China and Africa. An obvious starting point is agriculture. There are two reasons for this suggestion. First, agricultural transformation was one of the first major programs launched by China after the adoption of the 1982 constitution."

"...[T]he United States has spent several tens of billions of dollars on missile defense research-and yet China, Iran, North Korea and possibly others have continued to pursue increasingly effective long-range ballistic capabilities. If missile defenses are a deterrent, why do US competitors-to say nothing of outright enemies-seem undeterred?"

"...[T]he rivalry between models of socio-economic development did not begin with the cold war. During the Depression, liberals sought to show that planned economic and social development was possible without the use of autocratic methods. Liberal internationalists, aware that their totalitarian ideological competitors offered their own attractive modernization programmes needed a liberal champion. In the TVA they found a global model that became nearly synonymous with liberal development because of its claim to harmonize potentially destabilizing forces. At a time when development models were features of the international discourse, the TVA distinguished itself by offering proof that large-scale, socially transformative, planning-based development was viable in a liberal democracy. The ease with which these ideas supplied an ideological strategy during the cold war illustrated the degree to which modernization had already proved its effectiveness as a weapon against ideological challenges to liberalism."