Reports & Papers

This essay examines Russia’s growing role in Asia’s energy markets, assesses the implications for the U.S., and examines the claim that closer Sino-Russian energy ties are adding new incentives for a broader strategic alignment.

Kyriakos Mitsotakis (Harvard BA ’89), president of the Greek opposition party Nea Dimokratia (New Democracy,) laid out his vision for a tough but achievable strategy to revitalize the Greek economy and strengthen the nation’s ties to the European Union in an October 13 seminar.

On 24 and 25 November 2016 experts from politics and academia, including FDP Executive director Cathryn Clüver, discussed the impact of Brexit on several policy areas in a series of workshops at the Hertie School of Governance in Berlin. All events took place under Chatham House rules.

During the fall 2015 semester, former Minister Hedi Larbi convened eight distinguished experts, each with direct operational and academic experience in Arab countries and economies to participate in a study group titled Rewriting the Arab Social Contract: Toward Inclusive Development and Politics in the Arab World. Over the course of seven sessions during the semester, these experts contributed  to an integrated approach to the historical, social, political, and economic dimensions of the Arab uprisings, focusing in particular on the often overlooked economic and social issues at the root of the uprisings.

This paper examines the domestic sources of the internationalization of national oil companies (NOCs) in China and India. It argues that—counter to notions of state-led internationalization—the going abroad of NOCs reflects a pattern of “coopetition,” i.e., the co-existence of cooperation and conflict between increasingly entrepreneurial NOCs and partially supportive and interventionist home governments.

Sovereign wealth funds (SWFs) are playing an increasingly important role in the management of government windfalls and income surpluses from a variety of sources. The rise of SWFs is evident from two major developments. First, there has been a significant increase in the size of assets under their collective management (now estimated at over $5 trillion globally), making them one of the largest – and fastest growing – pools of institutional capital in the world. Second, SWFs are gaining in popularity, as a large number of new funds have been established over the past decade and many more are anticipated in countries and regions with recent resource discoveries and other government surpluses.

China has ambitious goals for developing and deploying electric vehicles (EV). The stated intention is to “leapfrog” the auto industries of other countries and seize the emerging EV market. Since 2009, policies have included generous subsidies for consumers in certain locations, as well as strong pressure on local governments to purchase EVs. Yet four years into the program, progress has fallen far short of the intended targets. China has only about 40,000 EVs on the road, of which roughly 80% are public fleet vehicles such as buses and sanitation vehicles.

Negotiators, business leaders, and others concerned with climate change are attempting to develop market mechanisms that expand and improve upon those provided by the Kyoto Protocol. These "new market mechanisms" might be incorporated into a new international arrangement called for at COP-17 in Durban, South Africa. Dr. Michaelowa explores the paths forward.

The following report presents a consensus view of the members of a bipartisan study group on the U.S.-Japan alliance. The report specifically addresses energy, economics and global trade, relations with neighbors, and security-related issues. Within these areas, the study group offers policy recommendations for Japan and the United States, which span near- and long-term time frames. These recommendations are intended to bolster the alliance as a force for peace, stability, and prosperity in the Asia-Pacific region and beyond.

This paper analyzes delegation of monetary policy to an independent but accountable Central Banker (CB) in a setting with a dynamic Phillips curve.