Asia & the Pacific

Robert Stowe details U.S. President Joe Biden's actions on climate change and discusses the implications for U.S. climate change leadership.

The success of U.S. President Joe Biden's China policy will depend on whether the two powers can cooperate in producing global public goods, while competing in other areas. The U.S.-China relationship is a "cooperative rivalry," in which the terms of competition will require equal attention to both sides of the oxymoron.  Joseph Nye argues that it will not be easy.

As the United States emerges from the era of so-called forever wars, it should abandon the regime change business for good. Then, Washington must understand why it failed, writes Stephen Walt.

Joseph Nye explains why defending liberal interests is in the interest of the United States.

In this report, we propose a market reform pathway for Yunnan that is both feasible and applicable to address some of these challenges immediately, while aiming for a standard design based on well-documented international experience. Our proposal includes at its heart a pay-for-performance monthly capacity auction that can help cover revenue deficiencies in the energy market. Building on international experience with capacity markets, this approach provides incentives for availability when generation is needed most and is compatible with the adoption of a single energy market for all electricity resources. Out-of-market payments to cover stranded costs of certain firms can thus be minimized. Finally, engaging consumers in both these energy and capacity markets can create high-powered incentives to shift consumption to low-cost months and hours, benefitting the entire province.

David Kilcullen, a professor at the University of New South Wales, contributes to the debate of  whether contemporary great-power resurgence constitutes a second bi-polar competition by assessing resurging state and non-state competitors and the challenges they pose to the United States–led world order. While the emerging security environment might not be a new Cold War, Kilcullen contends it may be more dangerous than in the past.

In order to fully appreciate the global climate-change challenge that the Biden administration will face, Robert Stavins reflects on the history of international negotiations that brought us to this point.

Stephen Walt looks back at the Trump administration as four years of big ambitions, a handful of successes—and many more failures. He concludes that it was more than a missed opportunity because Trump's blunders have left the United States in much worse shape than when he took office. 

Stephen Walt describes how the United States' rise was fueled by fortunate circumstances that seem unlikely to last much longer. He lists four reasons why the country's luck just might be running out.

President-elect Joe Biden’s decision to create a new cabinet-level position for climate-related issues — and to choose so prominent a figure as former Secretary of State John Kerry to fill it — demonstrates Biden’s sincerity over putting climate at the very center of U.S. foreign policy. It is easy to understate the importance of this appointment, given the flurry of czars created by most new administrations.