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.

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.

Campbell Craig and Benjamin H. Friedman, Brendan Rittenhouse Green, and Justin Logan respond to Stephen G. Brooks, G. John Ikenberry, and William C. Wohlforth's Winter 2012/2013 International Security article, "Don't Come Home, America: The Case against Retrenchment."

"In our view, the field has moved away from a careful reliance on theory, and is just mindlessly going out and testing hypotheses without thinking very hard about what's really causing what."

"Iran has always been a major power in that region. Under Saddam however, Iran and Iraq were bitter enemies who fought a long war and were strongly opposed to one another. There was almost a rough balance of power between the two countries. By reducing Iraq's power and by allowing the Shia to become the dominant political force in Iraq, the US removed the main country balancing Iran, and helped bring to power a government that has at least some sympathies and links to Iran. So, Iran is by far the main strategic beneficiary of the Iraq War, which made it even more difficult for the US and its allies to deal with the country."

Read an excerpt in The Times of India from a new book on Lee Kuan Yew by Belfer Center Director Graham Allison and Ambassador Robert D. Blackwill, with Belfer Center Associate Ali Wyne. The book is titled: Lee Kuan Yew: The Grand Master's Insights on China, the United States, and the World.

Realist scholars have long debated the question of how much power states need to feel secure. Offensive realists claim that states should constantly seek to increase their power. Defensive realists argue that accumulating too much power can be self-defeating. Proponents of hegemonic stability theory contend that the accumulation of capabilities in one state can exert a stabilizing effect on the system. The three schools describe different points along the power con­tinuum. When a state is weak, accumulating power increases its security. This is approximately the situation described by offensive realists. A state that con­tinues to accumulate capabilities will eventually triggers a balancing reaction that puts its security at risk. This scenario accords with defensive realist as­sumptions. Finally, when the state becomes too powerful to balance, its oppo­nents bandwagon with it, and the state’s security begins to increase again. This is the situation described by hegemonic stability theory. These three stages delineate a modified parabolic relationship between power and secu­rity. As a state moves along the power continuum, its security increases up to a point, then decreases, and finally increases again. This modified parabolic re­lationship allows scholars to synthesize previous realist theories into a single framework.

"...Asia has its own internal balance of powers, and in that context, many states continue to welcome an American presence in the region. Chinese leaders have to contend with the reactions of other countries, as well as the constraints created by their own objectives of economic growth and the need for external markets and resources. Too aggressive a Chinese military posture could produce a countervailing coalition among its neighbors that would weaken both its hard and soft power. A poll of 16 countries around the world found a positive attitude toward China’s economic rise, but not its military rise."

"Using the debate between the logic of appropriateness and consequences as a theoretical backdrop, I argue that neither is able to explain the United States' choices between unilateralism and multilateralism in post-Cold War military interventions....In this article, I suggest that "consequences" are best specified according to time horizon, which creates intertemporal tradeoffs between the long-term benefits of multilateralism and immediate payoffs of unilateralism, and the nature of the intervention, which affects the operational payoffs of multilateralism. I test this argument and the existing explanations against the case of Afghanistan. Its within-case variation — largely unilateral in combat operations and robustly multilateral in post-conflict phases — lends strong support to the logic of consequences as specified according to time horizon and operational payoff."

"As the American political system hurtles toward its quadrennial encounter with the oracle of democracy, it is worth our while to take stock of the country's place in a world beset by bewilderingly rapid change. (Heaven knows none of the candidates will bother to do this.) I want to suggest that an old yet generally neglected subject remains particularly relevant: the relationship between the size of political units and the effective scale of systems of economic production and exchange. Another way to describe this relationship is by recourse to the hoary scholarly phrase "political economy", a term of art that has unfortunately gone out of style...."