Energy

Like revolutions in the past the on-going AI revolution will produce winners and losers. The first industrial revolution in the 18th century changed the world of production and paved the way for Britain’s global leadership. Similarly, the current digital revolution is redefining the service sector and China’s role in the world.

David Miliband, President and CEO of the International Rescue Committee, discusses the drivers behind the displacement of over 65 million people and the changes that must be made to existing political and humanitarian systems in order to address the crisis on a global scale.

"...[E]ven if the impacts of a Trump slump in U.S. domestic climate action are manageable, the impact on global policy may not be. The concern here is not immediate support for new coal plants or the immediate risk of conflict; it is the way in which a weakening of international institutions might initiate a negative feedback loop played out over many years and decades."

"If he lives up to his campaign rhetoric, Mr. Trump may indeed be able to reverse course on climate change policy, increasing the threat to our planet, and in the process destroy much of the Obama legacy in this important realm. This will make the states even more important players on this critical issue."

The Obama administration’s negative response to China’s proposed Asian Infrastructure Investment Bank was a strategic mistake. Though some Chinese moves might be destabilising and require US resistance, this initiative should have been welcomed.

The US should be careful about opposing ventures that are popular and likely to proceed. Losing fights does not build confidence. Moreover, the new bank’s purpose — to develop infrastructure in Asia — is a good goal. The world economy needs more growth. Many emerging markets are eager to boost productivity and growth by lowering costs of transportation, improving energy availability, enhancing communications networks, and distributing clean water.

The AIIB offers an opportunity to strengthen the very international economic system that the US created and sustained. The AIIB’s designated leader, Jin Liqun, a former vice-president of the Asian Development Bank, sought advice in Washington. He engaged an American lawyer who was the World Bank’s leading specialist on governance. He also reached out to another American who had served as World Bank country director for China and then worked with the US embassy.

If the AIIB was indeed threatening the American-led multilateral economic order, as its opponents seemed to believe, then its Chinese founders chose a curiously open and co-operative way of doing so.

"On their own, civilian nuclear programs do not necessarily imply a military threat. Under the Non-Proliferation Treaty (NPT), member countries are allowed to pursue civilian nuclear programs. Because of a growing energy demand, many countries in the Middle East are exploring nuclear power as part of their energy mix. While some, including the United Arab Emirates, have succeeded in starting civilian nuclear power programs, others face serious financing and technical capacity issues."