Energy

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.

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.

North Korea’s nuclear weapons challenge is as serious a crisis an American president has faced since the end of the Cold War. That is why President Trump should tread carefully and wisely before hurtling us toward conflict in Asia.

For two Presidents who pride themselves as masters of the art of the deal, is there a potential bargain to be struck at Mar-a-Lago that could contain the North Korea crisis and point Beijing and Washington away from war? Potentially. 

During the Future of Diplomacy Project's 2017 'Europe Week' series, diplomats, scholars, and policymakers visited the Kennedy School to examine Europe's greatest challenges.