South Asia

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.

Stephen Walt critiques Henry Kissinger's professional life by dividing it into three parts: as an academic at Harvard; as national security advisor and secretary of state; and as an author, pundit, and sage, much of it conducted as the head of Kissinger Associates, the consulting firm he founded after leaving government.

Rather than revolutionizing war, drones demonstrate its evolution. The principle of air warfare remains avoiding exposure to the enemy. Drones are unlikely to shift the offense-defense balance toward the offense because they are vulnerable to attacks from the ground and air.

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.

Could using the cash in your pocket have the potential to spread covid-19? That question has rarely appeared in the news, but many governments and leaders in the digital payments industry are wondering how the virus might impact the use of cash. Several countries have already taken drastic measures to limit circulation of bank notes. Could such interventions lead to the end of cash payments?

Because hand-to-hand exchange of physical currency could transmit the coronavirus, countries around the world are being forced to reconsider the use of cash. In fact, COVID-19 might turn out to be the catalyst that finally brings digital payments fully into the mainstream. Not surprisingly, the digital-payments industry is already focusing on the opportunities created by the crisis.

Stephen Walt writes that several important events occurred in 2019, but few did anything to significantly alter global trends.

Stephen Walt elaborates on five important lessons from the Cold War,  which should be guiding contemporary U.S. foreign policy. He also explains how President Donald Trump has been ignoring or violating every one of them.