Articles

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.

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.

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.

Despite their disagreements, proponents of deep engagement and offshore balancing share an optimistic but unrealistic assessment regarding the durability of U.S. military dominance. China’s antiaccess/area denial strategy and conventional precision-strike capabilities are already undermining the United States’ military dominance in East Asia. The United States will need to adapt its military to meet this challenge.

Successful environmental management is partly contingent on the effective recognition and communication of environmental health risks to the public. Yet risk perceptions are known to differ between experts and laypeople; laypeople often exhibit higher perceptions of risk in comparison to experts, particularly when these risks are associated with radiation, nuclear power, or nuclear waste. This paper consequently explores stakeholder risk perceptions associated with a mercury-contaminated chloralkali production facility in Kazakhstan.

"...[T]he United States has spent several tens of billions of dollars on missile defense research-and yet China, Iran, North Korea and possibly others have continued to pursue increasingly effective long-range ballistic capabilities. If missile defenses are a deterrent, why do US competitors-to say nothing of outright enemies-seem undeterred?"

"...China is worried about how U.S. space weaponization plans might affect Chinese national security, international security, and protection of the space environment...."

"Chinese officials have expressed a growing concern that U.S. space and missile defense plans will stimulate a costly and destabilizing arms race...."

This paper was written for the conference "The Challenge of Hiroshima. Alternatives to Nuclear Weapons, Missiles, Missile Defenses, and Space Weaponization in a Northeast Asian Context" organized by INESAP and the Nuclear Age Peace Foundation on October 8-11, 2004, in Hiroshima, Japan.

"China is concerned about U.S. missile defense and "space control"plans, which would lead to weaponization of outer space and stimulate a costly and destabilizing arms race. China is further concerned that the US missile defense program, as currently advertised, would neutralize China's strategic nuclear deterrent...."