Energy

From July 11-12, 2023, NATO leaders gathered in Vilnius, Lithuania for one of the most significant NATO summits in history. This timely brief by Eric Rosenbach, Grace Jones, and Olivia Leiwant serves as a background piece on Ukraine’s history with NATO, potential future pathways for accession, and the operational impact Ukraine’s NATO membership could have on the alliance. 

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?

In the past, strategic surprise has often stemmed from a failure of imagination. Most intelligence failures are rooted in a lack of foresight or early warning of impending events. Blue sky thinking seeks to prevent these surprises by devoting more attention not just to known risks and likely scenarios, but also to low probability, high impact events. In an unprecedented step in forging ongoing global collaboration, 129 global experts gathered in Amman, Jordan, in December 2021. The conference was held under the auspices of Jordan’s Aqaba Process and facilitated by representatives from the Harvard Kennedy School Belfer Center’s Intelligence Project. Attendees included intelligence officers, diplomats, military officers, private sector practitioners, and academics representing 29 countries, 5 continents, and 68 government and private sector organizations. Through presentations and discussion under Chatham House Rules, the conference facilitated an open exchange of ideas on the possible next big threats from terrorism and on strategies for moving forward.

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.

U.S. President Joe Biden has spoken frequently of restoring the United States’ credibility as a global leader. That task, which comes at a moment of global crisis, will require the United States to recommit to multilateral diplomacy, even while managing a dangerously deteriorating relationship with China. By acting on biosecurity—a neglected priority hiding in plain sight—Biden can make progress on all of these goals. Washington has an opportunity to lead in an era of heightened great-power competition, address the need for arms control measures that reduce the risk of biological weapons, and potentially even push China to cooperate to that end.  

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.

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.

This paper responds to a topic from the Army War College’s Key Strategic Issues List, 2018-2020: Evaluate the ramifications of China’s and/or Russia’s interests in Africa for U.S. land forces and suggest options, both to compete and to cooperate, to further U.S. interests.

While U.S. land forces may benefit from competition or cooperation with Chinese elements in Africa, I judge that they possess limited agency to compete or cooperate in the context of these definitions. Therefore, I will take a whole-of-government approach to furthering U.S. interests in Africa vis-à-vis China.

The World Bank on May 19, as it does every six years, released the results of the most recent International Comparison Program (ICP), which measures price levels and GDPs across 176 countries.  The new results are striking.  It is surprising that they have received almost no attention so far, perhaps overshadowed by all things coronavirus.

For the first time, the ICP shows China’s total real income as slightly larger than the US.  It reports that China’s GDP was $19,617 billion in 2017, in Purchasing Power Parity (PPP) terms, while the United States’ GDP stood at $19,519 billion.

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.