Articles

During the Trump administration, the usual ways of conducting diplomacy have been upended. Many positions in the State Department have never been filled, and meetings with foreign leaders such as Kim Jong-un and Vladimir Putin have been undertaken with little advance planning. What effect are these changes having now, and how will they affect ongoing relationships between the United States and its allies and adversaries?

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.

India and South Asia Project Affiliate Ronak Desai investigates the reasons for Indian Prime Minister Narendra Modi's consistent popularity after two years in office.

On 22 November 2013, the Federal Energy Regulatory Commission approved the latest version of mandatory cybersecurity regulations for the bulk electric system—known as Critical Infrastructure Protection (CIP) Reliability Standards. The CIP standards are relatively unique: they are developed through an unusual model of industry-led regulation that places industry, and not federal regulators, at the center of regulatory design and enforcement. The CIP regulations have received a significant amount of criticism. Critics argue that the regulations are incomplete at best and irreparably flawed at worst. The author examines the lessons we can learn from the CIP standards and poses a provocative question: Are the regulations actually a secret success?

Gallagher articulates China's need for institutions, policies, and enforcement mechanisms that can foster technology transfer and environmental protection, and she charts a path forward for how the United States and China can work together to meet tomorrow's climate challenges.

A major natural gas pipeline that would stretch from the fields of southern Iran to Pakistan and India — itself a remarkable prospect — is being planned. But it faces serious hurdles, not least the fierce opposition of the U.S. government.

Innovation can help secure the universal access to modern energy and sustainability that Africa so sorely needs, says Calestous Juma.

The extreme dependency on oil of ground transportation systems across the world – particularly in the United States – has become a weakness in national economies.