Asia & the Pacific

141 Items

Book - University of Michigan Press

Capital Choices: Sectoral Politics and the Variation of Sovereign Wealth

| Mar. 07, 2022

Capital Choices analyzes the creation of different SWFs from a comparative political economy perspective, arguing that different state-society structures at the sectoral level are the drivers for SWF variation. Juergen Braunstein focuses on the early formation period of SWFs, a critical but little understood area given the high levels of political sensitivity and lack of transparency that surround SWF creation. Braunstein’s novel analytical framework provides practical lessons for the business and finance organizations and policymakers of countries that have created, or are planning to create, SWFs.

Electricians install solar panels.

AP/Mary Altaffer

Report Chapter - Brookings Institution

Mexico’s Energy Reforms: A Blow to Realizing the Most Competitive and Dynamic Region in the World

| Feb. 28, 2022

In late 2017, Mexico made headlines as Italian company Enel bid what was then a world-record low price for renewable energy in the country’s third such energy auction. This development was possible due to the historical and sweeping energy reforms passed with broad support in Mexico in 2013. Then-President Enrique Peña Nieto had succeeded where previous Mexican presidents had failed, reversing decades of resource nationalism and overhauling the energy sector through constitutional reforms that gave the private sector a larger role and advantaged renewable energy in Mexico’s economy. The 2017 auction seemed to indicate Mexico’s bright future not only as a conventional oil producer, but also as a clean energy power.

Afghan military's helicopter

AP/Mohammad Asif Khan

Analysis & Opinions - Project Syndicate

What Difference Did 9/11 Make?

| Sep. 06, 2021

Joseph Nye asks: When the next terrorist attacks come, will US presidents be able to channel public demand for revenge by precise targeting, explaining the trap that terrorists set, and focusing on creating resilience in U.S. responses? That is the question Americans should be asking, and that their leaders should be addressing.

Dr. Justin Jacob runs a sample COVID-19 test inside a mobile testing lab unit that will begin testing in response to the Coronavirus outbreak, Tuesday, April 28, 2020, in Washington.

Andrew Harnik/AP

Analysis & Opinions - Project Syndicate

What Caused the COVID-19 Testing Deficit?

| Apr. 30, 2020

As the divergent experiences of the US and South Korea show, testing can be the difference between disease containment and catastrophe. Rather than relying on national governments to ensure the rapid development, production, and deployment of diagnostics during outbreaks, the world needs a global coordinating platform.

Russian President Vladimir Putin speaks during his annual news conference in Moscow

AP/Alexander Zemlianichenko

Journal Article - Bulletin of the Atomic Scientists

How the Next Nuclear Arms Race Will Be Different from the Last One

| 2019

All the world's nuclear-armed states (except for North Korea) have begun modernizing and upgrading their arsenals, leading many observers to predict that the world is entering a new nuclear arms race. While that outcome is not yet inevitable, it is likely, and if it happens, the new nuclear arms race will be different and more dangerous than the one we remember. More nuclear-armed countries in total, and three competing great powers rather than two, will make the competition more complex. Meanwhile, new non-nuclear weapon technologies — such as ballistic missile defense, anti-satellite weapons, and precision-strike missile technology — will make nuclear deterrence relationships that were once somewhat stable less so.

Sovereign Venture Capitalism: At a Crossroad

StockSnap/Pixabay

Analysis & Opinions - The Economist

Sovereign Venture Capitalism: At a Crossroad

| Oct. 03, 2018

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.

How sovereign wealth funds are inflating the Silicon Valley bubble

Flickr/Steve Jurvetson

Analysis & Opinions - The Conversation

How Sovereign Wealth Funds Are Inflating the Silicon Valley Bubble

| Aug. 21, 2018

Elon Musk jolted markets and shareholders when he tweeted his intention to take his electric car company, Tesla, private. Saudi billions, he proposed, could help the company escape the pressures of being publicly listed. In a blog post, Musk said that “the Saudi Arabian sovereign wealth fund [had] approached [him] multiple times about taking Tesla private”.

Paper - Carnegie-Tsinghua Center for Global Policy

Stabilizing Sino-Indian Security Relations: Managing the Strategic Rivalry After Doklam

| June 21, 2018

The paper provides a detailed analysis of the contemporary Sino-Indian conventional ground and nuclear force balances and carefully reconstructs how mutual developments in these areas are perceived by both New Delhi and Beijing.