Science & Technology

Stephen Walt offers some brief foreign-policy advice for the newest members of the U.S. legislature.

Joseph Nye writes: From an American perspective, it is just as dangerous to underestimate Chinese power as it is to overestimate it. While hysteria creates fear, discounting China's recent progress and future ambitions could lead the United States to squander its own long-term advantages.

Joseph Nye argues hat the major threat to U.S. power comes from its internal divisions. These are serious liabilities but they were not created by the invasion of Ukraine.

Joseph Nye writes that although the United States has long commanded the technological cutting edge, China is mounting a credible challenge in key areas. But, ultimately, the balance of power will be decided not by technological development but by diplomacy and strategic choices, both at home and abroad.

In this policy brief, we consider the existing mechanism of tax credits. We see how they can encourage private sector risk-taking to enable research and development (R&D) outcomes. However, our goal is to go beyond economic growth benefits, and to include the less tangible considerations of public good and public purpose in the research and development domain. We then suggest an expansion of tax credits focused on supporting the researchers involved in the R&D and encouraging innovation in both large organizations and in startups and small businesses. This approach builds upon the existing framework of agency-led, mission-defined support of the private sector used by the U.S. government, as occurs in other programs such as America’s Seed Fund (sometimes known by its acronyms, SBIR and STTR). The integration of specific agency- and mission-focused elements to the credit system ensures that these additive credits support research and researchers whose R&D outcomes will improve the health, prosperity, and opportunity for the U.S. as a whole.

The success of U.S. President Joe Biden's China policy will depend on whether the two powers can cooperate in producing global public goods, while competing in other areas. The U.S.-China relationship is a "cooperative rivalry," in which the terms of competition will require equal attention to both sides of the oxymoron.  Joseph Nye argues that it will not be easy.

As the United States emerges from the era of so-called forever wars, it should abandon the regime change business for good. Then, Washington must understand why it failed, writes Stephen Walt.

Stephen Walt looks back at the Trump administration as four years of big ambitions, a handful of successes—and many more failures. He concludes that it was more than a missed opportunity because Trump's blunders have left the United States in much worse shape than when he took office. 

The Republican Party's willingness to indulge U.S. President Donald Trump's dangerous fantasies reveals a blithe disregard for U.S. foreign policy and national security, Stephen Walt writes.

Stephen Walt elaborates on what to expect from the next four years, regardless of who wins the vote.