Articles

33 Items

Chinese stealth fighter in the air

(China Military Online)

Journal Article - Quarterly Journal: International Security

Why China Has Not Caught Up Yet: Military-Technological Superiority, Systems Integration, and the Challenges of Imitation, Reverse Engineering, and Cyber-Espionage

| Winter 2018/19

The extraordinary complexity of today’s advanced weapons systems has significantly reduced the ability of states to imitate other states’ military technology. Consequently, U.S. rivals such as China will continue to struggle to develop indigenous capabilities that can match those of the United States.

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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.

Q&A: Lawrence Summers and Why It’s Too Early to Raise Rates

commons.wikimedia.org

Newspaper Article - The Wall Street Journal

Q&A: Lawrence Summers and Why It’s Too Early to Raise Rates

| Wednesday, September 16, 2015

Lawrence Summers, the Harvard University professor and former Obama administration economic adviser, hasn’t been shy of late urging the Federal Reserve to refrain from raising short-term interest rates at its policy meeting this week. In a series of opinion columns and blog posts, Mr. Summers has argued that the time isn’t ripe for a move and that markets aren’t prepared.

Anti-EULEX (European Union Rule of Law Initiative) Graffiti - Mitrovica (Serb Side) - Kosovo, October 26, 2013

Adam Jones, Ph.D. Photo

Journal Article - Nationalities Papers

Towards the Rule of Law in Kosovo: EULEX Should Go

| 2014

Following Kosovo's declaration of independence in February 2008, the European Union deployed a rule of law mission in Kosovo (EULEX). While EULEX and its supporters have argued that the mission has the potential to succeed, critics claim that the mission has failed to significantly improve Kosovo's rule of law institutions, to address the rule of law vacuum in the north of Kosovo, and to prosecute high-level organized crime and corruption.

Journal Article

U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound

| February, 2014

In his February 24, 2014  remarks to the National Association of Business Economics, Summers said, “I want to take up these issues -secular stagnation, the idea that the economy re-equilibrates; hysteresis, the shadow cast forward on economic activity by adverse cyclical developments; and the significance of the zero lower bound for the relative efficacy of monetary and fiscal policies.”

A man is reflected in the Bankia bank HQ in Madrid, May 9, 2012.  Spain's Prime Minister Mariano Rajoy dodged a question on whether the government planned to nationalize Bankia, Spain's 4th-largest bank and the most exposed to bad loans on real estate.

AP Photo

Magazine Article - CNN

The Pain in Spain That Threatens the Eurozone

    Author:
  • Tim Lister
| May 31, 2012

Pierpaolo Barbieri, Ernest May Fellow at the Harvard Kennedy School's Belfer Center, says that "big, international banks like Santander and BVA are well diversified. Of the others, quite a few need capital — but how much? That's the unknown and Bankia has undermined faith in financial reporting."

Gertrude Kitongo poses with her mobile phone in Johannesburg, South Africa. She cherishes a cell phone as a link to family and friends and also sees it as a radio, a library, a mini cinema, a bank teller, etc., Nov. 8, 2011.

AP Photo

Magazine Article - Finance & Development

Africa's New Engine

| December 2011

Cell phone use has grown faster in Africa than in any other region of the world since 2003....Of course, South Africa—the most developed nation—still has the highest penetration, but across Africa, countries have leapfrogged technology, bringing innovation and connectivity even to remote parts of the continent, opening up mobile banking and changing the way business is done.