Asia & the Pacific

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

Kari A. Bingen and Heather W. Williams write that if Russia plans to deploy nuclear weapons in space to target satellites, the threat is definitely serious—and the U.S. should act fast.

Stephen Walt elaborates on what he is expecting for 2024:  the Israel-Gaza conflict widening, the 75th anniversary of NATO, the possible re-election of Donald Trump, and the election results from other populous democracies, to name a few.

Americans have long seen their country as morally exceptional, but their exceptionalism actually comprises three distinct views. Whichever prevails in next year's presidential election will have significant implications for ongoing conflicts in Europe, Asia, and the Middle East.

Joseph Nye writes that if the United States maintains its alliances, invests in itself, and avoids unnecessary provocations, it can reduce the probability of falling into either a cold war or a hot war with China. But to formulate an effective strategy, it will have to eschew familiar but misleading historical analogies.

To keep oil flowing and diminish the U.S., Beijing brokers a deal between Iran and Saudi Arabia.

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?

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.

Wedge strategy theory explains how states use strategic arms control to divide adversaries by affecting their trust, threat perceptions, and beliefs about a commitment’s trade-offs. Examining three landmark arms control negotiations shows how the wedge motive was a key component to these negotiations.

It is a critical first step that the financial policymakers of the United States have acknowledged the need for a CBDC, but that realization is not enough.