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.

The fall of Aleppo is a human catastrophe. It’s also a demonstration of the perils of choosing the middle course in a military conflict. Sometimes it’s possible to talk and fight at the same time. But in Syria, the U.S. decision to pursue a dual-track, halfway approach made the mayhem worse.

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.

Joel Brenner responds to Jon R. Lindsay's winter 2014/15 International Security article, "The Impact of China on Cybersecurity: Fiction and Friction."

Jon R. Lindsay responds to Lucas Kello's fall 2013 International Security article, "The Meaning of the Cyber Revolution: Perils to Theory and Statecraft."

Cyberwar has been described as a revolution in military affairs capable of overturning the prevailing world order. By itself, however, cyberwar can achieve neither conquest nor, in most cases, coercion. Conflict over the internet is much more likely to serve as an adjunct to, rather than a substitute for, existing modes of terrestrial force, and to augment the advantages of status quo powers rather than threatening existing political hierarchies.

While decisionmakers warn about the cyber threat constantly, there is little systematic analysis of the issue from an international security studies perspective. Cyberweapons are expanding the range of possible harm between the concepts of war and peace, and give rise to enormous defense complications and dangers to strategic stability. It is detrimental to the intellectual progress and policy relevance of the security studies field to continue to avoid the cyber revolution's central questions.

Article in The Nonproliferation Review

Based on an examination of nine case studies, the author concludes that the federal government has not only improved its capability to develop and execute technology and industrial policy measures, but has done so for the specific purpose of enhancing U.S. economic competitiveness.