Economics & Global Affairs

645 Items

Dollar bills

AP Photo/Mark Lennihan

Analysis & Opinions - Belfer Center for Science and International Affairs

The Consequences of Weaponizing the U.S. Dollar

| July 22, 2019

Should INSTEX itself be sanctioned, it would be a powerful signal to the rest of the world. In this scenario, critical dollar-denominated trade not currently facing sanctions, but at potential risk of being sanctioned in the future, could migrate to third party currencies, transferred through sanctions-resistant entities to an INSTEX-like body.

The oil tanker Stena Impero in an Iranian port

(Tasnim News Agency/via AP)

Analysis & Opinions - The Washington Post

Oil Probably Won’t Cause a War with Iran, but It Certainly Adds Fuel to the Blaze

    Author:
  • Jeff D. Colgan
| July 20, 2019

The relationship between oil and war is complicated—and much of the time, oil disputes are resolved peacefully. The more dangerous disputes are those where tensions over oil exacerbate other factors on the road to war.

Capital Choices: Sectoral Politics and the Variation of Sovereign Wealth

University of Michigan Press

Book - University of Michigan Press

Capital Choices: Sectoral Politics and the Variation of Sovereign Wealth

| July 2019

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.

Jeff Schwager, president of Sartori Cheese poses for in front of their plant

AP/Morry Gash

Analysis & Opinions - Project Syndicate

Power and Interdependence in the Trump Era

| July 03, 2019

President Donald Trump's manipulation of America's privileged international system will strengthen other countries' incentives to extricate themselves from US networks of interdependence in the long run. In the meantime, there will be costly damage to the international institutions that limit conflict and create global public goods.

President Donald Trump, left, poses for a photo with Chinese President Xi Jinping.

AP Photo/Susan Walsh

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

A Financial Statecraft Strategy for the United States to Address the Rise of China

| July 01, 2019

Washington should adjust its coercive economic strategy to reflect a broader use of tools beyond sanctions. Given the degree of political interference in China’s banking system via formal state ownership and the indirect influence of opaque party committees, penalties imposed against the country’s banks are unlikely to produce a meaningful change in behavior.

Workers dismantle the Belt and Road Forum logo next to the “Golden Bridge of Silk Road” structure outside the media center as leaders are attending the round table summit of the Belt and Road Forum chaired by Chinese President Xi Jinping in Beijing, Saturday, April 27, 2019

AP Photo/Andy Wong

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

The Triangle in the Long Game

| June 19, 2019

The purpose of this paper is to analyze how China’s new power is reaching Europe, the challenges that it poses, and the European responses to this new reality. This process has to be examined in the context of the current strategic competition between China and the U.S. and its reflection on the transatlantic relationship.