Economics & Global Affairs

Windfall is the boldest profile of the world’s energy resources since Daniel Yergin’s The Quest. Harvard professor and former Washington policymaker Meghan L. O’Sullivan reveals how fears of energy scarcity have given way to the reality of energy abundance. This abundance is transforming the geo-political order and boosting American power.

The Inside Counsel Revolution: Resolving the Partner-Guardian Tension by Ben W. Heineman, Jr., former General Electric General Counsel and a founding father of the inside counsel movement, describes the past, present and future of this transformation. He takes a critical and careful look at the central role of General Counsel in advancingthe core mission of today’s corporation: to achieve high performance with high integrity and sound risk management. He explains how to resolve the critical tension facing inside counsel—being partner to the board of directors, the CEO and business leaders, but ultimately being guardian of the corporation.

In an analysis of why the United States is losing ground as a world power and what it can do to reverse the trend, War by Other Means: Geoeconomics and Statecraft by Robert D. Blackwill and Jennifer M. Harris describes the statecraft of geoeconomics: the use of economic instruments to achieve geopolitical goals.

A Liberal Actor in a Realist World assesses the changing nature of the global political economy of energy and the European Union's response, and the external dimension of the regulatory state. The book concludes that the EU's soft power has a hard edge, which is derived primarily from its regulatory power.

"This chapter proposes to answer five fundamental questions: What exactly is the oil security problem, and how serious is it going forward? Why has it emerged at this point in time, and why has it been so difficult for the U.S. government to take the actions needed to mitigate it? Finally, what alternative policies are likely to be effective as the United States attempts to improve its oil security in the future?"

Over several years, some of the most distinguished Chinese and American scholars have engaged in a major research project, sponsored by the China- U.S. Exchange Foundation (USEF), to address the big bilateral and global issues the two countries face. Historically, the ascension of a great power has resulted in armed conflict. This group of scholars—experts in politics, economics, international security, and environmental studies—set out to establish consensus on potentially contentious issues and elaborate areas where the two nations can work together to achieve common goals. Featuring essays on global warming, trade relations, Taiwan, democratization, WMDs and bilateral humanitarian intervention, Power and Restraint finds that China and the United States can exist side by side and establish mutual understanding to better cope with the common challenges they face.

"In the twenty-first century, the United States and China are destined to be the largest and strongest powers in the international system. China's rise has been proclaimed to be "peaceful," but in a prior century the American rise was scarcely pacific. The United States threatened war with Canada and Britain and actuallt fought against Mexico, annexing nearly half of that country in 1848. China was also vigilant and quick to react in its neighborhood. as U.S. forces neared the Yalu River in October 1950, China intervened in the Korean War, even though the United States possessed nuclear weapons and beijing did not. Neither state has been relaxed in the presence of challenging neighbors."

"The United States is the most developed and strongest nation in the world. China is the largest and fastest developing nation. In the multilateral effort to overcome these challenges, a good and productive relationship between the United States and China is essential. Indeed, no bilateral relationship among major powers today would be more crucial in shaping global order and agenda than the one between China and the United States."