Asia & the Pacific

142 Items

Capital Choices: Sectoral Politics and the Variation of Sovereign Wealth

University of Michigan Press

Book - University of Michigan Press

Capital Choices: Sectoral Politics and the Variation of Sovereign Wealth

| July 2019

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.

President Donald Trump, left, poses for a photo with Chinese President Xi Jinping.

AP Photo/Susan Walsh

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

A Financial Statecraft Strategy for the United States to Address the Rise of China

| July 01, 2019

Washington should adjust its coercive economic strategy to reflect a broader use of tools beyond sanctions. Given the degree of political interference in China’s banking system via formal state ownership and the indirect influence of opaque party committees, penalties imposed against the country’s banks are unlikely to produce a meaningful change in behavior.

Workers dismantle the Belt and Road Forum logo next to the “Golden Bridge of Silk Road” structure outside the media center as leaders are attending the round table summit of the Belt and Road Forum chaired by Chinese President Xi Jinping in Beijing, Saturday, April 27, 2019

AP Photo/Andy Wong

Paper - Belfer Center for Science and International Affairs, Harvard Kennedy School

The Triangle in the Long Game

| June 19, 2019

The purpose of this paper is to analyze how China’s new power is reaching Europe, the challenges that it poses, and the European responses to this new reality. This process has to be examined in the context of the current strategic competition between China and the U.S. and its reflection on the transatlantic relationship.

An investor monitors stock prices in Beijing after U.S. President Donald Trump re-imposes sanctions on Iran, May 19, 2018.

Ng Han Guan (AP)

Analysis & Opinions - The Diplomat

To Manage Great Power Competition, America Needs a New Economic Patriot Act

| Apr. 17, 2019

Shifts in the global economy have altered Washington’s sanctions calculus. In today’s era of great power competition, priority threats are no longer rogue states with little economic clout but nations with systemically important financial institutions and economic linkages. Russia and China top the list.

America’s sanctions strategy, however, hasn’t evolved to meet this challenge. Section 311 of the Patriot Act remains a powerful tool, but its collateral costs are too high to confront banks that are too big to fail. It’s time for a new Economic Patriot Act that can provide the scalpel-like instruments Washington needs to thwart our adversaries with speed and precision.

Flag bearers carrying the flags of the Commonwealth through Westminster Abbey

AP Photo/Richard Pohle

Analysis & Opinions - The Guardian

Think the Commonwealth Can Save Brexit Britain? That’s Utter Delusion

| Mar. 11, 2019

If Britain proceeds with giving effect to what future historians will legitimately describe as the longest suicide note in history by leaving the union, the cold, hard reality is that the mathematics simply don’t stack up in terms of credible economic alternatives to Europe. Much as any Australian, Canadian and New Zealand governments of whichever persuasion would do whatever they could to frame new free-trade agreements with the UK, the bottom line is that 65 million of us do not come within a bull’s roar of Britain's adjacent market of 450 million Europeans. 

A worker holds a sign promoting a sale for Huawei 5G internet services at a mobile phones retail shop in Shenzhen in south China's Guangdong province, Tuesday, Dec. 18, 2018. The chairman of Huawei challenged the United States and other governments to provide evidence for claims the Chinese tech giant is a security risk as the company launched a public relations effort Tuesday to defuse fears that threaten its role in next-generation communications.

(AP Photo/Andy Wong)

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

The Future Financial War with China

| Jan. 02, 2019

The detention of Huawei Chief Financial Officer Meng Wangzhou last month has electrified Sino-American tensions, making 2019 a portentous year for debt markets. Her employer, Huawei, has been the target of China hawks’ ire dating back to the early 2010s, amid scandals tied to sanctions evasion in Iran and possible concerns about espionage. Yet in the buzz about its ties to the People’s Liberation Army, the company’s deep and extensive dollar exposures have received little coverage.

 

 

 

Arctic Innovation Lab participants meet with Kennedy School students following their presentations on climate-related ideas and solutions.

Benn Craig/Belfer Center

- Belfer Center for Science and International Affairs, Harvard Kennedy School Belfer Center Newsletter

Arctic Initiative Takes Innovation and Expertise to Reykjavík

| Fall/Winter 2018-2019

Twenty-four Harvard Kennedy School students recently returned from the Arctic Circle Assembly in Reykjavík—the world’s largest annual gathering on Arctic issues—where each presented her or his innovative and interdisciplinary solution to an Arctic challenge. These “Arctic Innovators” are part of Harvard Kennedy School’s Arctic Initiative, which is co-led at the Belfer Center by John P. Holdren, Henry Lee, and Halla Logadóttir. Focused on policy responses to the challenges posed by rapid climate change in the Arctic, the Initiative has recently secured new outside funding totaling $3 million to cover programs over the next three years.