Energy

For over a decade, American officials have been touting the wisdom of a strategic “pivot” away from the Middle East in order to face the threat of a rising China. During that same period, Beijing has identified the Middle East as a primary arena for great power competition with the United States. 

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.

Melissa Fleming, Under-Secretary-General for Global Communications at the United Nations, explains the challenges of her role in an era of profound political, social and digital fragmentation and polarization. Ms. Fleming outlines the new approach she is bringing to UN communications – one that aims not just to inform the public of what the UN does, but to engage them to care and mobilize them for action. She also explores the threats posed by misinformation, on COVID-19, climate change and so much more. Erika Manouselis, Research and Administrative Manager at the Future of Diplomacy Project, moderated this discussion.

Recap of James Snyder in Conversation event "Israel and the Middle East through a Literary Lens"

Recap of MEI event "UNRWA, Its Mandate, Successes, and Challenges"

This paper explores the effect of oil shocks on electoral outcomes. Using a new polling and election data set for 207 elections across 50 democracies, the paper shows that oil price increases systematically lower the odds of reelection for incumbents. The analysis verifies that these shocks—which reduce consumption growth—are associated with worsening performance for incumbents in the runup to reelection and a reversal in the leaning of the political party in power post-election.  

A Middle East-wide forum could facilitate dialogue and transparency on a range of short-term measures, engendering momentum to then take on other more complex items, such as regional arms control.

President-elect Joe Biden’s decision to create a new cabinet-level position for climate-related issues — and to choose so prominent a figure as former Secretary of State John Kerry to fill it — demonstrates Biden’s sincerity over putting climate at the very center of U.S. foreign policy. It is easy to understate the importance of this appointment, given the flurry of czars created by most new administrations.

In the highly charged political atmosphere surrounding nuclear initiatives in the Middle East, legitimate concerns are sometimes blown out of proportion, with potentially problematic results. This has been the case with recent coverage and commentary on Saudi Arabia’s nuclear activities, which have been characterized by a degree of what can be described as “threat inflation.”

As the divergent experiences of the US and South Korea show, testing can be the difference between disease containment and catastrophe. Rather than relying on national governments to ensure the rapid development, production, and deployment of diagnostics during outbreaks, the world needs a global coordinating platform.