International Relations

340 Items

- Belfer Center for Science and International Affairs, Harvard Kennedy School Belfer Center Newsletter

Ray Dalio Applies Lessons From the Past to Today’s Financial World

| Summer 2018

The great Harvard economist John Kenneth Galbraith once wrote that “there can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present.”

Billionaire founder of the world’s largest hedge fund, Ray Dalio has taken it upon himself to break that mold by championing the use of history in the financial world.

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Journal Article - Middle East Institute

Sovereign Wealth Funds in Small Open Economies

| Apr. 24, 2018

The small open economies of the Gulf and Southeast Asia are pioneers in the establishment of

Sovereign Wealth Funds (SWFs). The SWFs of countries like Qatar and Singapore are among the

world’s largest in terms of total asset size relative to Gross Domestic Product. This article looks

at the different compulsions behind the setting up of SWFs by small open economies.

 

Handbook of the International Political Economy of Energy and Natural Resources

Edward Elgar Publishing

Book Chapter - Edward Elgar Publishing, Inc.

Nexus-Thinking in International Political Economy: What Energy and Natural Resource Scholarship Can Offer International Political Economy

| Apr. 18, 2018

This Handbook offers a comprehensive overview of the latest research from leading scholars on the international political economy of energy and resources. Highlighting the important conceptual and empirical themes, the chapters study all levels of governance, from global to local, and explore the wide range of issues emerging in a changing political and economic environment.

The AI Advantage of Nations in the Fourth Industrial Revolution

geralt/Pixabay

Analysis & Opinions - Global Policy

The AI Advantage of Nations in the Fourth Industrial Revolution

| Apr. 17, 2018

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.

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Journal Article - Global Policy

The Case for Economic Development Through Sovereign Investment: A Paradox of Scarcity?

| Apr. 14, 2018

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.

View of General Assembly at UN Global Engagement Summit

UN Photo

Discussion Paper - Belfer Center for Science and International Affairs, Harvard Kennedy School

Exponential Innovation and Human Rights

| Feb. 27, 2018

Technological innovation and the politics of global justice are two fields that interact quite extensively in international diplomatic discourse and public debate. Controversial issues, such as accessing essential medicines, reducing greenhouse gases, conserving biological diversity, providing clean energy, and expanding the adoption of green technologies, require answers at the intersection of technological innovation, international diplomacy, and global justice. Our approach is to start off with the broader understanding that justice is rights-based and then proceed to analyze it using a goal-based framework. This brings into sharp focus the relationships between innovation and human rights.

Solar panel field and wind turbines

PIXNIO / hpgruesen

Book - Edward Elgar Publishing, Inc.

Handbook of the International Political Economy of Energy and Natural Resources

| 2018

This Handbook offers a comprehensive overview of the latest research from leading scholars on the international political economy of energy and resources. Highlighting the important conceptual and empirical themes, the chapters study all levels of governance, from global to local, and explore the wide range of issues emerging in a changing political and economic environment.

Jerome Powell, President Donald Trump's nominee for chairman of the Federal Reserve, is sworn in during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, Tuesday, Nov. 28, 2017. (AP Photo/Carolyn Kaster)

(AP Photo/Carolyn Kaster)

Analysis & Opinions - Financial Times

Jay Powell’s Challenge at the Fed

| Feb. 04, 2018

Janet Yellen has completed her term as chair of the US Federal Reserve with unemployment much lower than it was when she began, inflation low and closer to target than when she began, and with the financial system better capitalised and more liquid than the one she inherited. What more can anyone ask from a Fed chair?

Nicholas Burns and Michael Froman

Martha Stewart

Newspaper Article - Harvard Crimson

Burns and Summers Talk Trade and Trump with Former USTR Mike Froman

| Jan. 31, 2018

Former University President Lawrence H. Summers and two former U.S. diplomats critiqued the Trump administration’s trade policies at an Institute of Politics panel event Tuesday.

Speakers included Michael B. Froman, who was the U.S. Trade Representative during the Obama administration, and Kennedy School Professor R. Nicholas Burns. Burns previously served as Under Secretary of State for Political Affairs from 2005 to 2008.

A recurring theme at the event—entitled “The Revolution in American Trade Policy"—was President Donald Trump’s frequently stated interest in renegotiating and leaving international trade agreements.