Asia & the Pacific

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.

Frank O'Donnell describes how the strategic gains are even more enticing than the economic ones.

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.

In the global revulsion at the recent terror attacks in four Muslim countries, the United States and its allies have a new opportunity to build a unified command against the Islamic State and other extremists. FDP Senior Fellow David Ignatius examines the diplomatic relationships needed to create an effective counterterrorism strategy.

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.

When do states acquire nuclear weapons? History shows that only two types of states decide that the bomb is essential to their security: 1) very powerful states; and 2) weak states that lack ironclad security guarantees.

"A century ago this month, Europeans stood on the brink of a war so devastating that it forced historians to create a new category: 'World War.' None of the leaders at the time could imagine the wasteland they would inhabit four years later. By 1918, each had lost what he cherished most: the kaiser dismissed, the Austro-Hungarian Empire dissolved, the tsar overthrown by the Bolsheviks, France bled for a generation, and England shorn of the flower of its youth and treasure. A millennium in which European leaders had been masters of the globe came to a crashing halt."

With lessons learned from WWI, Graham Allison asks, how likely is another world war?

At first glance, the main advantage of Pakistan's new battlefield nuclear weapon—known as the Nasr missile—would appear to be its ability to slowdown and stop an armored attack by the Indian Army inside Pakistan, before it reaches vital cities. But deeper examination reveals that deploying this particular weapon on the battlefield against an advancing Indian armored column would cause substantial deaths and injuries to Pakistani citizens, rendering its purpose moot.