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.

In a new book, the Harvard Kennedy School’s Graham Allison looks at how the power struggle between Athens and Sparta in classical Greece offers important insights into the looming complexities as China’s meteoric rise threatens to displace the U.S. as the dominant world power.

On Thursday, voters in the U.K. will decide by a simple majority whether to remain in the E.U. during a national referendum known as “Brexit” (a portmanteau of the words British and exit). Over the last month, public opinion polling showed voters evenly split, with the “leave” campaign edging upslightly in recent days. Douglas Alexander is a senior fellow in The Future of Diplomacy Project.The Gazette spoke with Alexander about the upcoming referendum and the potential fallout for the U.K. and Europe.

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.

Contrary to conventional wisdom, states do not typically construct fortified boundaries in response to border disputes or to prevent terrorism. Instead, most build such boundaries for economic reasons, to keep out unwanted migrants from poorer states. Further, Muslim states are more likely to both build and be the targets of fortified boundaries.

In the United States and Europe, many believe that the best way to prevent Russia’s resumption of its historic imperial mission is to assure the independence of Ukraine. They insist that the West must do whatever is required to stop the Kremlin from establishing direct or indirect control over that country. Otherwise, they foresee Russia reassembling the former Soviet empire and threatening all of Europe. Conversely, in Russia, many claim that while Russia is willing to recognize Ukraine’s sovereignty and territorial integrity (with the exception of Crimea), Moscow will demand no less than any other great power would on its border. Security on its western frontier requires a special relationship with Ukraine and a degree of deference expected in major powers’ spheres of influence. More specifically, Russia’s establishment sentiment holds that the country can never be secure if Ukraine joins NATO or becomes a part of a hostile Euro-Atlantic community. From their perspective, this makes Ukraine’s nonadversarial status a nonnegotiable demand for any Russia powerful enough to defend its national-security interests.

The Chinese cyber threat to the United States has been exaggerated. China's cyber capabilities are outmatched by those of the West, and Beijing reaps too many benefits from the internet's liberal norms to attempt to seriously undermine them.

When do states acquire nuclear weapons? History shows that only two types of states decide that the bomb is essential to their security: 1) very powerful states; and 2) weak states that lack ironclad security guarantees.