Middle East & North Africa

This week in Say More, Project Syndicate talks with Joseph S. Nye, Jr., an emeritus professor at Harvard Kennedy School, a former U.S. assistant secretary of defense, and the author, most recently, of A Life in the American Century.

In this deeply personal book, Joseph Nye shares his own journey living through the American century.

In the Henty Mance interview, Joseph Nye, who coined term 'soft power,' says that the turmoil facing the United States and Harvard was worse in the 1960s.

Stephen Walt compares the Saudi Arabian buyout of the PGA to the Biden administration's foreign policy towards Saudia Arabia.

Belfer Center experts on the U.S.-China relationship and Middle East issues shared thoughts on the significance of the unexpected Iran-Saudi Arabia agreement brokered by China. 

Ivan Arreguin-Toft argues that non-material considerations like cyber power matter just as much as material ones in debates about U.S. retrenchment from the Middle East.

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.

Joseph Nye asks: When the next terrorist attacks come, will US presidents be able to channel public demand for revenge by precise targeting, explaining the trap that terrorists set, and focusing on creating resilience in U.S. responses? That is the question Americans should be asking, and that their leaders should be addressing.

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

The Covid-19 pandemic has drastically disrupted people’s lives, livelihoods, and economic conditions around the world. The global shock has resulted in a tourism standstill (Djankov 2020), significant capital flight (Djankov and Panizza 2020), and a slowdown in remittances (Nonvide 2020), resulting in an urgent balance-of-payments need. Egypt responded to the crisis with a comprehensive package aimed at tackling the health emergency and supporting economic activity. The Ministry of Finance acted swiftly to allocate resources to the health sector, provide targeted support to the most severely impacted sectors, and expand social safety net programmes to protect the most vulnerable. Similarly, the Central Bank of Egypt adopted a broad set of measures, including lowering the policy rate and postponing repayments of existing credit facilities. The next section highlights the experience of firms in Egypt following these policies.