Articles

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.

"At no point in the history of U.S. nonproliferation and counterproliferation policy have financial sanctions been so central to U.S. efforts to prevent or rollback the acquisition of nuclear weapons in countries such as North Korea and Iran. Despite this crucial role, financial sanctions have been examined almost solely from the sender’s perspective, that is, the country imposing the sanctions. Few focused policy analyses have measured the effects of these instruments from the target’s perspective..."

Policymakers have long focused on preventing nuclear weapons proliferation by controlling technology. Even developing countries, however, may now possess the technical ability to create nuclear weapons. The history of gas centrifuge development in twenty countries supports this perspective. To reduce the demand for nuclear weapons, policymakers will have look toward the cultural, normative, and political organization of the world.

Matthew Fuhrmann's article "Spreading Temptation: Proliferation and Peaceful Nuclear Cooperation Agreements," was published by in the Summer 2009 issue of International Security. In his article, Dr. Fuhrmann argues "Peaceful nuclear cooperation—the transfer of nuclear technology, materials, or know-how from one state to another for peaceful purposes—leads to the spread of nuclear weapons. With a renaissance in nuclear power on the horizon, major suppliers, including the United States, should reconsider their willingness to assist other countries in developing peaceful nuclear programs."

Failure to develop a comprehensive contingency plan, such as the one proposed here, and inform the American public, where appropriate, about its particulars will only serve to amplify the devastating impact of any nuclear attack on a U.S. city

Hui Zhang re-examines the North Korean explosion on October 9, 2006. His research suggests that the test was likely not a failure if Pyongyang had planned for a yield of 4 kt, as it told Beijing prior to the event.

Hui Zhang provides a path-breaking technical assessment of the Korean nuclear test, publishing a comment (with co-authors Jungmin Kang and Frank von Hippel) on the test and the limits of nuclear forensics in Arms Control Today.

Carter, Deutch, and Zelikow addresses the threat of Catastrophic Terrorism in Foreign Affairs.

A new international regime could stop nations before they enter the proliferation “red zone.”