Articles

29 Items

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Journal Article - Global Policy

The Case for Economic Development Through Sovereign Investment: A Paradox of Scarcity?

| Apr. 14, 2018

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.

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Magazine Article - Forbes

U.S. Ambassador To India Richard Verma Leaves A Lasting Legacy To Follow

| Feb. 03, 2017

Richard Verma’s two-year tenure as U.S. Ambassador to India concluded last month with the new incoming presidential administration. During his time in New Delhi, Verma established himself as one of the most consequential envoys to ever occupy the prestigious post once held by such foreign policy legends as John Kenneth Galbraith and Frank Wisner. The first Indian American to serve in the role, Verma leaves behind a far-reaching legacy. He raised the U.S-India strategic partnership to unparalleled heights in virtually every arena of bilateral cooperation while serving as a skilled and talented public diplomat.

People holding Russian flags rally to celebrate the 2nd anniversary of Russia's annexation of Crimea just off Red Square in Moscow, March 18, 2016. Russia annexed Crimea in 2014 after a hastily organized referendum not recognized by the U.S. & the EU.

AP

Magazine Article - The World Post

Trump Could Turn Western Values Into a Facade

| December 8, 2016

"If there is no American power behind those values, they will become a façade, simple rhetoric. It's a matter of combining values with policy and implementation. Take Russia’s invasion of Crimea, for example. Russian President Vladimir Putin stole land from his neighbor using force ― something that is against any post-1945 agreement. Without U.S.-imposed sanctions, Putin surely would have gotten away with it much easier and perhaps would have continued seizing territory."

Journal Article - European Law Journal

Open Arms Behind Barred Doors: Fear, Hypocrisy and Policy Schizophrenia in the European Migration Crisis

| May 2016

"In 2015, over one million refugees and migrants arrived in Europe, laying bare the limitations of the EU's common border control and burden-sharing systems. This article examines consequences of the EU's disjoint, schizophrenic and, at times, hypocritical responses to what has become known as the European migration crisis."

Chinese President Xi Jinping is displayed on a big screen in Beijing as Chinese battle tanks roll by during a Sept. 3, 2015 parade commemorating the 70th anniversary of Japan's surrender during World War II.

(AP Photo)

Magazine Article - The Atlantic

The Thucydides Trap: Are the U.S. and China Headed for War?

| September 24, 2015

The defining question about global order for this generation is whether China and the United States can escape Thucydides’s Trap. The Greek historian’s metaphor reminds us of the attendant dangers when a rising power rivals a ruling power—as Athens challenged Sparta in ancient Greece, or as Germany did Britain a century ago. Most such contests have ended badly, often for both nations, a team of mine at the Harvard Belfer Center for Science and International Affairs has concluded after analyzing the historical record. In 12 of 16 cases over the past 500 years, the result was war. When the parties avoided war, it required huge, painful adjustments in attitudes and actions on the part not just of the challenger but also the challenged.

Sub-Saharan migrants climb over a metallic fence that divides Morocco and the Spanish enclave of Melilla on Friday, March 28, 2014.

Santi Palacios/ AP

Journal Article - Quarterly Journal: International Security

Barriers to Entry: Who Builds Fortified Boundaries and Why

    Authors:
  • Ron E. Hassner
  • Jason Wittenberg
| Summer 2015

Contrary to conventional wisdom, states do not typically construct fortified boundaries in response to border disputes or to prevent terrorism. Instead, most build such boundaries for economic reasons, to keep out unwanted migrants from poorer states. Further, Muslim states are more likely to both build and be the targets of fortified boundaries.