Articles

9 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.

Journal Article - Innovations

Enabling a Nuclear Revival—and Managing Its Risks

| Fall 2009

Matthew Bunn and Martin B. Malin examine the conditions needed for nuclear energy to grow on a scale large enough for it to be a significant part of the world’s response to climate change. They consider the safety, security, nonproliferation, and waste management risks associated with such growth and recommend approaches to managing these risks. Bunn and Malin argue that although technological solutions may contribute to nuclear expansion in the coming decades, in the near term, creating the conditions for large-scale nuclear energy growth will require major international institutional innovation.

Journal Article - Survival

Recovering American Leadership

| February-March 2008

"Leaders are those who help groups create and achieve shared goals. Traditionally, the leaders in international politics have been the most powerful states. However, while hard military power counts for more in the context of international politics than it does in democratic domestic politics, even in international relations conquest, or pure coercion, is not leadership, but mere dictation. Disproportionate power, sometimes called 'hegemony', has been associated with leadership, but appeals to values and ideology also matter, even for a hegemon...."

Magazine Article - Harvard Magazine

Toward a Liberal Realist Foreign Policy: A Memo for the Next President

| March-April 2008

"On January 20, you will inherit a legacy of trouble: Iraq, Iran, Pakistan, Palestine, North Korea for starters. Failure to manage any one of them could mire your presidency and sap your political support—and threaten the country’s future. At the same time, you must not let these inherited problems define your foreign policy. You need to put them in a larger context and create your own vision of how Americans should deal with the world."

Journal Article - International Journal of Technology and Globalisation

Introduction: Global Actors, Markets and Rules Driving the Diffusion of Genetically Modified (GM) Crops in Developing Countries

| 2006

"This introductory essay explains how this new technology is being driven by the actors (multinational corporations), markets (large global markets) and rules (intellectual property) of globalisation."