Articles

Sovereign wealth funds (SWFs) have traditionally been created to recycle excess reserves from natural resource or non‐commodity revenues. However, in recent years funds are being established under conditions of capital scarcity with objectives to contribute domestic economic development, often through the buildout of national infrastructure programs. Such trends in new fund creation represent a fundamental shift in the sovereign wealth fund paradigm and raise serious questions about how these entities are to be capitalized and also the implications of capitalization models on their sustainability. This study examines the recent evolution of SWF models focused on economic development. Its analytic focus is drawn, in particular, to countries that are neither endowed with oil wealth, nor otherwise enjoy export surpluses to be used to capitalize a development‐oriented SWF. While this study is relevant to and expands the scope of the broad literature on SWFs, its specific contribution is as a focused analysis of how SWF funding sources impact achieving long‐term financial and socio‐economic development objectives.

Colleagues said he tweeted more than any professor they knew, and Calestous Juma’s tweets covered a swarm of things. Income inequality, and a free-trade area for Africa, you might expect. Those were the subjects he taught at Harvard: getting poorer countries, especially in Africa, to grow and thrive was the obsession of his life. But he also tweeted about a wheelchair that could climb stairs, the increasing size of steaks, and the maximum number of goats seen eating up in a tree. He was extra-delighted to send out a New York Times editorial, from 1878, about Thomas Edison’s new “aerophone”: “Something ought to be done about Mr Edison, and there is a growing conviction that it had better be done with a hemp rope.”

Calestous Juma, a prominent global advocate for sustainable development in struggling countries, particularly in his native Africa, could trace his passion for technological innovation to his arduous childhood in colonial Kenya.

A professor of the practice of international development, and a writer of great range, Calestous Juma promoted technology for the poor and vulnerable throughout the world. He also wrote a book explaining why people are wary of innovation, and delighted his more than 100,000 Twitter followers by retweeting cartoons that ribbed those who are resistant to science.

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.

Professor Meghan O'Sullivan was interviewed on November 15th, 2015 for a Wall Street Journal special section on energy, discussing the rapid transformation of the American energy sector in light of low fuel prices, new climate policies and other factors.

The story of Bulgarian shale gas exemplifies the difficulty for the unconventional gas industry to take a hold in Europe. This paper investigates the reasons for Bulgaria banning shale gas by disentangling the various domestic causes at work.

Through structured interviews and a literature review, we assess which approaches to protection against insider thefts in the casino and pharmaceutical industries could be usefully applied to strengthen protections against insider theft in the nuclear industry, where insider thefts could have very high consequences.

"The Rio+20 process is an important reminder of the urgency to guide global production and consumption patterns with sustainability principles. Sadly, there is really no genuine global institution that is championing sustainable development. The vision that inspired Rio has been supplanted by two extreme positions. The first is a group that believes economic growth will have trickle-down benefits for the environment. The environmental camp has successfully replaced the spirit of Rio with a one-sided agenda that leaves little room for recognising the central role that human wellbeing plays in natural resource management."

"...[W]hile the traditional form of balance of power between Iran and Iraq provided security for the Arab states of the Persian Gulf, it favored the interests of foreign actors, especially the United States. Proponents of such a view hold that following the overthrow of the Baathist regime in Iraq and the growth of Iran's role and influence in the region, the international community ought to establish a new kind of balance of power to restrain the Islamic Republic of Iran, and thereby preserve the security of the region. Following its failure to redefine the position of the new Iraq in terms of a new balance of power, the United States has itself tried to play such a role in the region. U.S. efforts to minimize Iran's role within the context of the new balance of power have consequently created another security dilemma in the Persian Gulf."