Science & Technology

Over the last several decades, the U.S.’s domestic semiconductor manufacturing capacity has declined. The CHIPS Act aims to reverse this trend by investing over $50 billion in direct funding and loan subsidies to expand semiconductor research and development and manufacturing in the U.S. This primer focuses on the workforce challenges that will be spurred by this microelectronics industry expansion and proposes how community colleges can play a critical role in addressing these challenges. 

In this paper, I propose five key science and technology areas for greater US-Australia collaboration that carry significant national security and defence risks for both countries. Rapid progress against these challenges will position us for success and strengthen our resilience against groups that seek to undermine the global rules-based order. 

Harvard Kennedy School’s Belfer Center for Science and International Affairs has named the Honorable Shirley Ann Jackson a non-resident Senior Fellow. Dr. Jackson, a theoretical physicist and President of Rensselaer Polytechnic Institute, has held senior leadership positions in academia, government, industry, and research. At the Belfer Center, Jackson will engage with students, faculty, and fellows at the nexus of science, public policy, and leadership.

“Shirley exemplifies the ideal of advancing science and technology for the public good,” said Belfer Center Director Ash Carter. “All of us at the Center are honored to welcome such a distinguished leader and scientist. The National Science Board was right to call her a ‘national treasure’ and we look forward to her engagement with our community.”

Once again, new economic readings from the World Bank's International Comparison Program have fed into the long-going debate over whether China is surpassing the United States as an economic and financial power. And once again, the answer to that question is a qualified "no."

The world is on the cusp of a geopolitical reset. The global pandemic could well undermine international institutions, reinforce nationalism and spur de-globalization. But far-sighted leadership could also rekindle cooperation, glimmers of which appeared in the G-20’s offer of debt relief for some of the world’s poorest countries, a joint plea from more than 200 former national leaders for a more coordinated pandemic response and an unprecedented multinational pact to arrest the crash in oil markets.  

The continual spread of Open Banking means that regulators and merchants in various markets are becoming more aware of the critical importance of security as data speeds increase. One of the more intriguing markets moving forward with financial innovation is China, where regulators have upgraded both banking and cybersecurity rules in recent years.

The rules — as with Europe’s regulations surrounding financial data collection and use — are intended to keep information safe, while fostering growth for banks and merchants. Since China is one of the more dominant markets in the world, its changing rules are a matter of interest for both lawmakers in neighboring markets and merchants looking to expand into the country.

Aditi Kumar is Executive Director of the Belfer Center. Prior to joining the Center, she was a Principal at Oliver Wyman in the financial services and public policy practices, and earlier was a project manager at the World Economic Forum. A joint graduate of Harvard Kennedy School and Harvard Business School, she also worked previously in the International Affairs office of the U.S. Department of the Treasury.