Asia & the Pacific

Joseph Nye considers lessons from his own work on preventing the spread of nuclear technology in the 1970s.

The U.S. position in the global value chain puts it at a disadvantage, and Washington's confrontational policies are making things worse.

Power transitions affect a state’s ability to exercise economic statecraft. As a dominating and a rising power approach parity, they face structural incentives to decouple their economies. This decoupling affects business-state relations: high-value businesses within the dominant power tend to oppose their state’s economic statecraft because of its costs to them, whereas low-value businesses within the rising power tend to cooperate because they gain from it. 

China leverages its market in a form of “predatory liberalism” that weaponizes the networks of interdependence created by globalization. ne response to China’s bullying would be for its targets to form an alliance to retaliate against China’s high-dependence trade should Beijing act against any alliance members. 

This year's G7 summit in Hiroshima sees nuclear disarmament and non-proliferation sitting high on the agenda, amid rising tensions between the nuclear states and an increasingly divided international order.  Six contributors offer their analyses, including the Belfer Center's Mayumi Fukushima.

Joseph S. Nye argues that history shows that globalization is largely driven by technological changes that reduce the importance of distance, and that will not change.

Earlier this month, South Korean President Yoon Suk-yeol set off alarms. In an off-the-cuff remark, he warned that Seoul might need to develop nuclear weapons—or demand redeployment of U.S. nuclear arms to the Korean Peninsula—to counter North Korean nuclear threats. In doing so, Yoon spotlighted a popular view once reserved for hawkish commentators, defense intellectuals, and former military officials. Keeping nuclear weapons out of South Korea will ultimately be a U.S. responsibility that requires addressing both the deteriorating security environment and the domestic drivers underlying Yoon’s statement.

Economic interdependence has long been considered important to international peace. Questions about harmful effects of the free flow of capital, however, are arising. China and Organization for Economic Co-operation and Development countries are increasingly involving their business firms in security and intelligence work, causing a security dilemma dynamic that increases economic competition.

The authors propose a simple, four-part framework to guide relations among major powers. This framework presupposes only minimal agreement on core principles—at least at first—and acknowledges that there will be enduring disagreements about how many issues should be addressed. Rather than imposing a detailed set of prescriptive rules (as the World Trade Organization and other international regimes do), this framework would function as a "meta-regime": a device for guiding a process through which rival states or even adversaries could seek agreement or accommodation on a host of issues. When they do not agree, as will often be the case, adopting the framework can still enhance communication among them, clarify why they disagree, and offer them incentives to avoid inflicting harm on others, even as they seek to protect their own interests.

For many, integrating “decarbonization” into public policy, corporate and financial strategies has become a requirement, not an option — yet, what happens when the critical link between climate stability and decarbonization breaks?