Economics & Global Affairs

10 Items

People inspect the wreckage of buildings that were damaged by Saudi-led coalition airstrikes, in Sanaa, Yemen, Tuesday, Jan. 18, 2022.

AP Photo/Hani Mohammed

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

Significance of the Iran-Saudi Arabia Agreement Brokered by China

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. 

woman wearing a face mask to help curb the spread of the coronavirus sits near a screen showing China and U.S. flags

AP/Andy Wong, File

Journal Article - Journal of Applied History

Globalization, Geopolitics, and the U.S.–China Rivalry after Covid-19

| 2021

 This article argues and seeks to demonstrate that "global history," with its roots in the study of empires and transnational integration, provides a useful intellectual framework for better understanding the powerful forces currently reshaping the international system—most significantly geopolitical competition and economic decoupling between the United States and China in the age of Covid-19.

teaser image

- Belfer Center for Science and International Affairs, Harvard Kennedy School

Facing the China Challenge with Policy Memos to Leadership

| Spring 2020

Since publishing his book, Destined for War: Can America and China Escape Thucydides’s Trap?, three years ago, Harvard Kennedy School Professor Graham Allison has been searching for ways to escape the dangerous dynamic that could lead Washington and Beijing to stumble into a catastrophic conflict neither side wants. Convinced that there is no monopoly of strategic wisdom on either side of the Pacific, Allison decided to take a classroom assignment on crafting a grand strategy to meet the China challenge and open it to the public as a case competition. His office received dozens of valuable submissions from across the world.

In this June 29, 2019, file photo, U.S. President Donald Trump poses for a photo with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, western Japan.

(AP Photo/Susan Walsh, File)

Analysis & Opinions - The Security Times

Beyond Trade: The Confrontation Between the U.S. and China

| February 2020

Could China and the US be stumbling down the path Germany and the United Kingdom took at the beginning of the last century? The possibility will strike many readers as inconceivable. But we should remember that when we say something is “inconceivable,” this is a claim not about what is possible in the world, but rather about what our limited minds can imagine.

My answer to the question of whether we are sleepwalking toward war is “yes.” 

A man monitors stock prices at a brokerage house in Beijing.

AP Photo/Andy Wong

Analysis & Opinions - Jewish World Review

China's Three-Body Problem

| Oct. 08, 2019

The 70th anniversary of the People's Republic of China was not a birthday I felt like celebrating.

As Dutch historian Frank Dikotter has shown in his searing three-volume history of the Mao Zedong era, the Communist regime claimed the lives of tens of millions of people: 2 million in the revolution between 1949 and 1951, another 3 million by the end of the 1950s, up to 45 million in the man-made famine known as the "Great Leap Forward," and yet more in the mayhem of the Cultural Revolution, Mao's campaign against the intelligentsia, which escalated into a civil war.

The Chinese flag displayed at the Russian booth of import fair.

(AP Photo/Ng Han Guan)

Analysis & Opinions - The National Interest

China and Russia: A Strategic Alliance in the Making

| Dec. 14, 2018

THE YEAR before he died in 2017, one of America’s leading twentieth-century strategic thinkers, Zbigniew Brzezinski, sounded an alarm. In analyzing threats to American security, “the most dangerous scenario,” he warned, would be “a grand coalition of China and Russia…united not by ideology but by complementary grievances.” This coalition “would be reminiscent in scale and scope of the challenge once posed by the Sino-Soviet bloc, though this time China would likely be the leader and Russia the follower.”

An American flag is flown next to the Chinese national emblem and flags during a welcome ceremony for visiting U.S. President Donald Trump outside the Great Hall of the People in Beijing. November 9, 2017 (Andy Wong/Associated Press).

Andy Wong/Associated Press

Analysis & Opinions - Cato Unbound

The Future of U.S.-China Relations Begins at Home

| Mar. 12, 2018

Kori Schake’s essay (and the book from which it is adapted) provides a serious, penetrating, and provocative invitation to debate the overriding geostrategic challenge of our time: what to do about the rise of China. Safe Passage is an outstanding example of the sort of work we champion at the Harvard Belfer Center’s Applied History Project. It illuminates current challenges by careful analysis of the historical record. And the case she examines in which the United States rose to rival and eventually surpass the British global hegemony is among the most instructive of the 16 cases in the Harvard Thucydides’ Trap case file for policymakers seeking to cope with the current U.S.-China competition.

A woman walks past an electronic stock board showing Japan's Nikkei 225 index and other county's index at a securities firm in Tokyo on Monday, October 16, 2017. (AP Photo/Eugene Hoshiko)

AP Photo/Eugene Hoshiko

Analysis & Opinions - Project Syndicate

The Curious Case of the Missing Defaults

| Nov. 01, 2017

Booms and busts in international capital flows and commodity prices, as well as the vagaries of international interest rates, have long been associated with economic crises, especially – but not exclusively – in emerging markets. The “type” of crisis varies by time and place. Sometimes the “sudden stop” in capital inflows sparks a currency crash, sometimes a banking crisis, and quite often a sovereign default. Twin and triple crises are not uncommon.

Federal Reserve Chair Janet Yellen, talks with Mario Draghi, head of the European Central Bank, and Haruhiko Kuroda, head of the Bank of Japan, during a break at the central bankers conference at Jackson Hole, Wyo., Friday, Aug. 25, 2017. The conference, in its 41st year, is sponsored by the Federal Reserve Bank of Kansas City. (AP Photo/Martin Crutsinger)

AP Photo/Martin Crutsinger

Analysis & Opinions - Project Syndicate

The Persistence of Global Imbalances

| Aug. 30, 2017

The primary focus of this year’s Federal Reserve Bank of Kansas City symposium in Jackson Hole, Wyoming, which convenes the world’s leading central bankers, was not explicitly monetary policy. Fed Chair Janet Yellen’s opening remarks emphasized the changes in regulatory policy that followed the 2008 global financial crisis, while European Central Bank President Mario Draghi’s luncheon address dwelled on the need for continued reforms in Europe to sustain the eurozone’s recent economic recovery.