Asia & the Pacific

Last May, Chinese solar panel manufacturer LONGi signed an agreement with Saudi trading company El Seif Group to establish large-scale solar manufacturing infrastructure in Saudi Arabia. The deal came several months after the Trump administration's imposition of global tariffs on imports of Chinese solar panels and cells.

What the Iron Man-like character is claiming for his futuristic automotive company is not unheard of. On a systemic basis, mammoth institutional investment—especially from sovereign wealth funds (SWFs)—is flowing into start-ups and technology-oriented publicly traded companies. In this case, Saudi billions would help Mr Musk escape the pressures of being publicly listed. SWFs have invested large sums into high-growth start-ups promising innovation and financial returns. In fact, just this month, Saudi’s Public Investment Fund (PIF) announced a US$1bn investment in Tesla’s rival, Lucid, and a US$2bn stake in Tesla. The rise in SWF balance sheets and activity is having ramifications on global efforts to be more Silicon Valley-like, and on Silicon Valley itself.

This paper is a background review representing part of the initial phase of the Financing the Urban Transition work program. The review builds on a growing body of research that highlights both the importance of national sustainable infrastructure and the need to develop more effective and efficient financing mechanisms for delivering compact, connected cities that meet the UN’s Sustainable Development Goals. While progress has been made in both these areas over the last five years, there remains a policy gap between the international/national level and the municipal level.

Contribution and consequence. That’s how Secretary of Defense Ashton B. Carter described the “magic” of Harvard Kennedy School’s spirit of public service during a JFK Jr. Forum here in December. Carter, a former Kennedy School professor and Belfer Center director, joined Graham Allison and a forum full of students, faculty, and service members for a homecoming conversation on topics ranging from ISIS and the South China Sea to cyber threats and innovation at the Department of Defense.

The attacks in Brussels last month were a stark reminder of the terrorists’ resolve, and of our continued vulnerabilities, including in an area of paramount concern: nuclear security.

The attackers struck an airport and the subway, but some Belgian investigators believe they seemed to have fallen back on those targets because they felt the authorities closing in on them, and that their original plan may have been to strike a nuclear plant. A few months ago, during a raid in the apartment of a suspect linked to the November attacks in Paris, investigators found surveillance footage of a senior Belgian nuclear official. Belgian police are said to have connected two of the Brussels terrorists to that footage.

"In little more than a generation, the Internet has become the substrate of the global economy and governance worldwide. Several billion more human users will be added in the next decade, as will tens of billions of devices, ranging from thermostats to industrial control systems (the 'Internet of Things'). All of this burgeoning interdependence implies vulnerabilities that governments and non-governmental actors can exploit. At the same time, we are only beginning to come to terms with the national-security implications of this. Strategic studies of the cyber domain resemble nuclear strategy in the 1950s: analysts are still not clear about the meaning of offense, defense, deterrence, escalation, norms, and arms control."

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.

This paper briefly covers three topics of interest—a description of the author's fellowship and its value, how nuclear weapons are still "game changers" on the 50th anniversary of the Cuban Missile Crisis, and how the cyberspace domain is reshaping military activities and doctrine in the 21st Century.