Energy

Thucydides attributed the war that ripped apart the ancient Greek world to two causes: the rise of Athenian power—and the fear that this created in the established power, Sparta. Joseph Nye advises that in order to prevent a new cold or hot war, the United States and China must avoid exaggerated fears and misperceptions about changing power relations.

Via Agenda Pública – El País: After enduring months of a global health pandemic that has unleashed a profound economic crisis, Europe should not lose the opportunity to leverage its recovery plans to kick-start a clean hydrogen society.

There are a number of important issues on the transatlantic agenda. And, yet the relevance of the partnership between the United States and Germany has been called into question in recent years. From defense spending and the proposed U.S. military drawdown, to transatlantic trade and investment, to relations with other countries such as China and Russia, the German-American relationship has been charged. With the German presidency of the European Council, what can we expect for the transatlantic relationship in the months and years to come?On Tuesday, August 11, the ACG hosted a webinar with Congressman Rob Bishop (R-UT), Senior Member of House Committee on Armed Services, and Bundestag Member Dr. Tobias Lindner (Die Grüne), Spokesman for Security Policy, Chairman of the Defense Committee; and moderated by Cathryn Clüver Ashbrook, Executive Director of the Future of Diplomacy Project and Executive Director of The Project on Europe and the Transatlantic Relationship at the Harvard Kennedy School and Co-Director of the ACG’s Eric M. Warburg Chapter in Boston.

Juergen Braunstein and Sachin Silva argue that sovereign wealth funds may be central to governments' efforts to balance public responsibility with private interests in post-pandemic economies.

While most of the world has been on lockdown from the novel coronavirus, the wars and political machinations of the Middle East have continued. Amid this turmoil, Russia has been making steady progress in what State Department spokesman Morgan Ortagus described as its “malign engagement” in the region.

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

The man whose childhood dream was becoming “world king” and whose charismatic leadership energized the Brexit campaign has become Britain’s new prime minister. On July 24, Boris Johnson replaced Theresa May as leader of the Conservative Party and assumed the country’s top job. Following a campaign premised on delivering Brexit “do or die” by Halloween and with only 99 days until the departure deadline, Johnson wasted no time appointing a pro-Leave cabinet. Given EU resistance to renegotiating the withdrawal agreement and a divided British Parliament, odds are increasing for a no-deal Brexit or a general election.

Unlike the socialist revolutions of the last century, the Islamic Revolution of Iran did not identify itself with the working class or the peasantry, and did not bring a well-defined economic strategy to reorganize the economy. Apart from eliminating the interest rate from the banking system, which was achieved in name only, the revolution put forward few specific economic policies that could be called an Islamic economic development strategy. To be sure, its populist and pro-poor rhetoric was quite distinct from the Pahlavi regime it replaced, but its actual policies could be found in the toolboxes of most developing countries and international organizations.