Energy

While veteran diplomat Nick Burns calls the president's order an 'overreach,' Republican consultant Scott Jennings says he's making strides internationally.

Last week, Special Envoy of Senegal's Head of State, Aminata Touré hosted a seminar at Harvard University. She addressed several questions regarding US-African relations.

Rolf Mowatt-Larssen: "The US intelligence community can no longer trust the President’s judgment after he clearly sided with Russia in the Mueller investigation and the underlying intelligence information that formed the basis of the indictments of twelve Russian military intelligence officers."

John P. Holdren won the 2018 Daniel Patrick Moynihan Prize. He delivered the annual Moynihan Lecture on May 17, 2018, at the Willard Intercontinental Hotel in Washington, D.C.

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.

Sovereign wealth funds (SWFs) have traditionally been created to recycle excess reserves from natural resource or non‐commodity revenues. However, in recent years funds are being established under conditions of capital scarcity with objectives to contribute domestic economic development, often through the buildout of national infrastructure programs. Such trends in new fund creation represent a fundamental shift in the sovereign wealth fund paradigm and raise serious questions about how these entities are to be capitalized and also the implications of capitalization models on their sustainability. This study examines the recent evolution of SWF models focused on economic development. Its analytic focus is drawn, in particular, to countries that are neither endowed with oil wealth, nor otherwise enjoy export surpluses to be used to capitalize a development‐oriented SWF. While this study is relevant to and expands the scope of the broad literature on SWFs, its specific contribution is as a focused analysis of how SWF funding sources impact achieving long‐term financial and socio‐economic development objectives.