Economics & Global Affairs

Graham Allison is interviewed about U.S.-China relations by the Global Macro Research Team for a Goldman Sachs publication.

The following is an event write-up about the recent Future of Diplomacy Project (FDP) seminar on “The Future of Ukraine: Reconstruction, Energy Security, and Innovation” moderated by Ambassador Paula J. Dobriansky, Senior Fellow with the Future of Diplomacy Project. 

In this paper, I propose five key science and technology areas for greater US-Australia collaboration that carry significant national security and defence risks for both countries. Rapid progress against these challenges will position us for success and strengthen our resilience against groups that seek to undermine the global rules-based order. 

A quarter-century ago, China conducted what it called “missile tests” bracketing the island of Taiwan to deter it from a move toward independence by demonstrating that China could cut Taiwan’s ocean lifelines. In response, in a show of superiority that forced China to back down, the United States deployed two aircraft carriers to Taiwan’s adjacent waters. If China were to repeat the same missile tests today, it is highly unlikely that the United States would respond as it did in 1996. If U.S. carriers moved that close to the Chinese mainland now, they could be sunk by the DF-21 and DF-26 missiles that China has since developed and deployed. This article presents three major theses concerning the military rivalry between China and the United States in this century.

For many, integrating “decarbonization” into public policy, corporate and financial strategies has become a requirement, not an option — yet, what happens when the critical link between climate stability and decarbonization breaks?

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.

Whether they regard it as competitive, cooperative, or confrontational, virtually all observers agree that the U.S.-China relationship is consequential. From cyber norms and AI to military tensions in the Taiwan Strait and the global struggle to turn the tide on climate change, how Washington and Beijing manage their shared future will shape the globe for decades to come. Through research and relationship-building, the Center is dedicated to helping the U.S. and China collaborate and compete without conflict.

The 2022 Winter Olympics will be not only a competition between athletes, but also a geopolitical sparring ground as it has been in the past. 

Cryptocurrencies are a baffling entity but adopting it as legal tender is the strangest, most worrying aspect of all.

Audrye Wong provides an analysis of China's self-defeating economic statecraft.  She concludes that China's rapidly expanding overseas economic presence, particularly when accompanied by subversion and coercion, may exacerbate strategic fears across the globe.