Asia & the Pacific

Joseph Nye writes that exaggerated fears about growing Chinese power are counter-productive.

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.

Key features of Chinese history and culture have put it in a position to become the global leader in artificial-intelligence technologies, surpassing even the tech giants of Silicon Valley. But to do so, China will need to overcome economic hurdles – both at home and abroad – that could stand in its way.

"It would be a mistake to cast the prospects for an improved US-India relationship solely in terms of China's rising power. Indian economic success is an American interest on its own. So is the open approach taken by India and Brazil on issues such as governance of the Internet, at a time when Russia and China are seeking more authoritarian control."

"If we didn't have all these cool high-tech hammers, in short, we'd have to stop treating places like Afghanistan, Pakistan, Iraq, and Syria as if they were nails that just needed another pounding, and we might work harder at marginalizing our enemies within their own societies. To do that, we would have to be building more effective partnerships with authoritative sources of legitimacy within these societies, including religious leaders. Our failure to do more to discredit these movements is perhaps the single biggest shortcoming of the entire war on terror..."

"Given the budgetary constraints under which spacefaring nations like the United States and India operate, cooperation is a valuable means to furthering our understanding of Earth's ecosystem."

"Crop production in the heartlands of Pakistan — served by a massive network of canals — now increasingly relies on energy consuming groundwater pumps to meet irrigation needs. A million tube wells are reportedly installed in Punjab alone, and energy use in pumping and farm operations may account for up to one-fifth of the province's energy consumption."

Nicholas Burns writes, "It has been a big idea in American foreign policy for over a decade: The United States would align its interests with a rapidly rising and democratic India to balance China’s burgeoning power in the vital Asia Pacific region. But that ambitious strategic bet depended on the critical assumption that the chaotic, poor, and struggling India of today would develop into the vibrant, wealthier, and more stable India of tomorrow that many of its admirers think it may yet become.