South Asia

What the Iron Man-like character is claiming for his futuristic automotive company is not unheard of. On a systemic basis, mammoth institutional investment—especially from sovereign wealth funds (SWFs)—is flowing into start-ups and technology-oriented publicly traded companies. In this case, Saudi billions would help Mr Musk escape the pressures of being publicly listed. SWFs have invested large sums into high-growth start-ups promising innovation and financial returns. In fact, just this month, Saudi’s Public Investment Fund (PIF) announced a US$1bn investment in Tesla’s rival, Lucid, and a US$2bn stake in Tesla. The rise in SWF balance sheets and activity is having ramifications on global efforts to be more Silicon Valley-like, and on Silicon Valley itself.

Frank O'Donnell describes how the strategic gains are even more enticing than the economic ones.

This paper is a background review representing part of the initial phase of the Financing the Urban Transition work program. The review builds on a growing body of research that highlights both the importance of national sustainable infrastructure and the need to develop more effective and efficient financing mechanisms for delivering compact, connected cities that meet the UN’s Sustainable Development Goals. While progress has been made in both these areas over the last five years, there remains a policy gap between the international/national level and the municipal level.

Two days after presenting his credentials to President Trump, His Excellency Aizaz Ahmad Chaudhry, the newly appointed Ambassador of Pakistan to the United States, expressed optimism about bilateral relations between the two countries. Respondent Adil Najam, Dean of the Frederick S. Pardee School of Global Studies at Boston University, was more cautious in his assessment of the relationship after years of "reset."

Brexit’s impact on India and its relationship with the UK continue to garner significant attention and even more speculation. What are its implications for bilateral ties and how does India view the UK’s controversial decision to leave the EU? Will Brexit allow the two countries to forge an even closer relationship as supporters of the Leave campaign allege, or has the vote introduced a new degree of uncertainty into the relationship?

Dr. Ian Bremmer, expert in political risk and founder of the Eurasia Group, gave a seminar sponsored by the the Future of Diplomacy Project on Thursday, November 9 at the Harvard Kennedy School, titled “Managing Risk in an Unstable World."

India is seeking to become the world’s newest hub international arbitration hub by establishing a new arbitral center in Mumbai. The Mumbai Centre for International Arbitration (MCIA), which begins proceedings this month, will be India’s very first arbitration tribunal. India and South Asia Program Senior Fellow, Ronak Desai looks at what this institution will look like and what's its placement in the region will mean for the international business community.