Articles

Despite the opposition that appears now in China-U.S. relations, cooperation is far more important, underscored prominent U.S. political scientist Dr. Joseph S. Nye during an exclusive interview with Wang Xiaohui, editor-in-chief of China.org.cn, on Jan. 10, 2019.

The article outlines the role of national narratives in driving both Russia and China’s energy foreign policy and goes on to argue that the Sino-Russian gas breakthrough in 2014 was due to the peculiar way in which domestic factors paired with international circumstances to produce the outcome at that particular moment.

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.

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.

In this article, the authors review the state of the art of ocean energy in desalination. It explores different sources of energy from the ocean that include electricity generation, as well as mechanical force and thermal energy and salinity gradients that can also be directly harnessed for powering the desalination processes. They also examine recent advances in scaling up for commercial deployment and discuss relevant cost, environmental, and social concerns.

Decision-makers often seek to design policies that support sustainable development. Prospective evaluations of how effectively such policies are likely to meet sustainability goals have nonetheless remained relatively challenging. Evaluating policies against sustainability goals can be facilitated through the inclusive wealth framework, which characterizes development in terms of the value to society of its underlying capital assets, and defines development to be potentially sustainable if that value does not decline over time.

"The rise of nations such as South Korea, Singapore and China as global economic players illustrated the importance of expanding and deepening human competence. A key starting point in the growth process is recognising that building engineering capabilities offered the best opportunity for technological leapfrogging and catch-up in a variety of industries."

Indian Prime Minister Narendra Modi traveled to Washington last week, making his fourth trip to the United States since taking office just two years ago. India and South Asia Program Fellow, Ronak Desai examines the strategic approach to India's relations with the United States.