Articles

In the wake of the global financial crisis of 2008, China began to move away from the market-based approach that had shaped its economic policies for three decades, and toward something that might be termed "party-state capitalism," which involves a high degree of CC control over strategic sectors of the economy. This has led to significant changes in the U.S.-Chinese economic relationship, as both sides have made efforts to secure supply chains, screen inward and outward capital flows, diminish the power of global firms, and reorganize alliances to protect against economic coercion.

Of all the intractable issues that could spark a hot war between the United States and China, Taiwan is at the very top of the list. And the potential geopolitical consequences of such a war would be profound. Taiwan-"an unsinkable aircraft carrier and submarine tender," as U.S. Army General Douglas MacArthur once described it--has important, often underappreciated military value as a gateway to the Philippine Sea, a vital theater for defending Japan, the Philippines, and South Korea from possible Chinese coercion or attack.

During war, states trade two types of products with their enemies. To maximize revenues, states continue to trade products that are essential to the domestic economy or that their adversary takes a long time to convert into militarily capabilities.

This study provides a whole-systems simulation on how to halve global CO2 emissions by 2050, compared to 2010, with an emphasis on technologies and costs, in order to avoid a dangerous increase in the global mean surface temperature by end the of this century.

In a recent podcast interview, Robert Stavins and Scott Barrett discussed lessons from historic pandemics, how economists can help with policymaking surrounding the coronavirus, and what the “post-pandemic economic equilibrium” might look like. Resources Magazine has published an abridged version of their conversation.

Robert Stavins responds to "Climate Change's Unknown Costs" by Naomi Oreskes and Nicholas Stern, which appeared in the New York Times on October 25, 2019.

For Saudis these days, life is a roller coaster. Even as Iranian missiles threaten their national security and livelihood, previously unimaginable social freedoms accelerate. All this leaves some Saudis squealing with delight; others are frozen with fright.

Rather than debating whether China is challenging a single, U.S.-dominated liberal order, scholars and analysts should consider China’s actions in relation to multiple orders in different domains, where China is supportive of some, unsupportive of others, and partially supportive of still others.

Fifteen Minutes sat down with Professor Robert N. Stavins, Director of the Harvard Environmental Economics Program, to talk about cap-and-trade, the Peace Corps, and what individuals can do to combat climate change.