Economics & Global Affairs

83 Items

Saudi Arabia’s Moment in the Sun

AP/Donna Fenn Heintzen

Analysis & Opinions - Carnegie Endowment for International Peace

Saudi Arabia’s Moment in the Sun

| May 07, 2019

As part of a high profile tour of China in February, Saudi Arabia’s Crown Prince Mohammed Bin Salman (MBS) has overseen a range of multi-billion dollar pledges and MOUs with Beijing. This partly reflects Riyadh’s desire to diversify sources for investments and technology following the mass withdrawal of major Western business leaders from the Future Investment Initiative in October 2018, after the murder of Saudi Journalist Jamal Khashoggi in the Saudi Embassy in Istanbul. Yet cooperation with China on renewable energy, if successful, would realize a significant first step towards Saudi Arabia’s lofty ambitions for solar and wind power.

Former Prime Minister of Senegal Aminata Touré and Ambassador Nicholas Burns

Harvard Kennedy School

Analysis & Opinions

Africa Doesn't Fully Take Advantage of its Resources Because of its Leaders

| Oct. 30, 2018

On her visit to the Harvard Kennedy School, Aminata Touré spoke with Faculty Chair of the Future of Diplomacy Project, Nicholas Burns. Their conversation was published on Harvard's website - in which the former Prime Minister stated that Africa is not getting enough from its resources due to its leaders

Tokyo at night

Flickr / Agustin Rafael Reyes

Paper - London School of Economics

Global Review of Finance For Sustainable Urban Infrastructure

    Authors:
  • Graham Floater
  • Dan Dowling
  • Denise Chan
  • Matthew Ulterino
  • Tim McMinn
  • Ehtisham Ahmad
| December 2017

This paper is a background review representing part of the initial phase of the Financing the Urban Transition work program. The review builds on a growing body of research that highlights both the importance of national sustainable infrastructure and the need to develop more effective and efficient financing mechanisms for delivering compact, connected cities that meet the UN’s Sustainable Development Goals. While progress has been made in both these areas over the last five years, there remains a policy gap between the international/national level and the municipal level.

Left-to-right: Nicholas Burns, Christine Lagarde, and Lawrence Summers laugh.

Martha Stewart

Speech - Future of Diplomacy Project

A Time to Repair the Roof

| Oct. 05, 2017

Christine Lagarde, Managing Director of the International Monetary Fund, delivered her annual state of the global economy speech in the JFK, Jr. Forum at Harvard Kennedy School followed by a discussion with Nicholas Burns, Goodman Family Professor of the Practice of Diplomacy and International Relations and Lawrence Summers, Charles W. Eliot University Professor and President Emeritus at Harvard University. In her address, Madame Lagarde quoted President John F. Kennedy stating that “the time to repair the roof is when the sun is shining.” Mme. Lagarde adapted this statement to the economy, expressing that while our economy is currently experiencing an upswing, now is the time for reform. We must be proactive, not reactive. Additionally, Mme. Lagarde spoke about the importance of fighting corruption and climate change, empowering women, and addressing inequality. 

Madame Lagarde's speech was the inaugural event of the new Economic Diplomacy Initiative (EDI) - a joint program of the Future of Diplomacy Project and the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School. EDI is co-chaired by Professors Burns and Summers, and aims to provide Harvard students with a sound understanding of the critical importance of economic diplomacy in a globalized world; specifically, the negotiation of agreements between multiple countries and multiple stakeholders.  

Jens Stoltenberg speaks to students at the Harvard Kennedy School.

Bennett Craig

Speech

The Three Ages of NATO: An Evolving Alliance

| Sep. 23, 2016

Jens Stoltenberg,NATO Secretary General, discussed the future of the NATO alliance during this speech, given at the Harvard Kennedy School on September 23, 2016. He described the alliance as a responsive organization, capable of adapting to changes in the international security landscape but committed to the continuity of its founding values. In particular, he emphasized the necessity of maintaining a policy of absolute solidarity among member states, especially  in light of the exacerbating civil war in Syria and Russia’s aggressive stance toward countries to the East of NATO member state borders.

Youth demonstrators call for an end to the current garbage crisis outside the government offices in downtown Beirut, Lebanon on July 25, 2015.

Getty Images

Analysis & Opinions - Project Syndicate

The Silent Arab Majority Must Speak Up

| July 13, 2016

"Since the United Nations Development Program began work on the Arab Human Development Reports (AHDR) in 2001, the situation in many Arab countries has gone from bad to worse. In fact, today the region cannot even come together to publish a new report. This is unfortunate, because finding a new shared vision for Arab people, especially Arab youth, is a prerequisite for ever achieving peace and prosperity in the Middle East and North Africa."

Blog Post - Views on the Economy and the World

Addressing Commodity Price Volatility in Algeria & Morocco

| June 11, 2016
I recently visited Algeria and Morocco.  Like so many other developing countries, they are dealing with the sharp decline in global commodity prices that has taken place over the last few years.  In meetings in Algiers and Casablanca, I offered four concrete ideas for policies to help commodity-exporting countries deal with global price volatility.  The four proposals, very briefly, are: (1) hedging with options (as Mexico does), (2) commodity bonds, (3) countercyclical fiscal institutions (like Chile’s), and (4) central bank targeting of a currency-plus-commodity basket.