South Asia

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

Joseph S. Nye writes that evaluating ethics in international relations is difficult, and Kissinger's legacy is particularly complex. Over his long tenure in government, he had many great successes, including with China and the Soviet Union and the Middle East. Kissinger also had major failures, including in how the Vietnam War ended. But on net, his legacy is positive. In a world haunted by the specter of nuclear war, his decisions made the international order more stable and safer.

Stephen Walt argues that the true value of more diverse decision-making teams and more open political systems is not that they never make mistakes but rather that they make it more likely that policy blunders will be corrected once it is clear they are not working.

Nathaniel L. Moir writes of historical cases in which a U.S. tendency to over-rely on military capabilities and American economic strength proved unwise and how such power eventually proved to be irrelevant. In addition to the Vietnam War as an example, the rapid collapse of the Republic of China and its large military forces in late 1948 and 1949 offers some parallels with the collapse of the Afghan National Army and the Afghan Government, despite the United States investment of trillions of U.S. dollars.

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.

The geopolitical and geo-economic forces wrought by the coronavirus pandemic, as examined previously in this series, are likely to slow the transition to a more sustainable global energy mix. Fortunately, the pandemic has also resulted in governments gaining vastly greater influence over whether this shift stalls or accelerates.

For most people, there was nothing to celebrate when the International Monetary Fund downgraded its outlook for global economic growth in June, anticipating a contraction of 4.9% for 2020. Yet for others, such as the small but persistent group of economists and others known as the “degrowth movement,” the Covid-induced economic slowdown has a silver lining.

The search for silver linings to the coronavirus pandemic has come up woefully short. But one hopeful — and much talked of — prospect is that the disruption will accelerate the global shift to a more sustainable energy future.

Juergen Braunstein and Sachin Silva argue that sovereign wealth funds may be central to governments' efforts to balance public responsibility with private interests in post-pandemic economies.

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.