Economics & Global Affairs

34 Items

Capital Choices: Sectoral Politics and the Variation of Sovereign Wealth

University of Michigan Press

Book - University of Michigan Press

Capital Choices: Sectoral Politics and the Variation of Sovereign Wealth

| July 2019

Capital Choices analyzes the creation of different SWFs from a comparative political economy perspective, arguing that different state-society structures at the sectoral level are the drivers for SWF variation. Juergen Braunstein focuses on the early formation period of SWFs, a critical but little understood area given the high levels of political sensitivity and lack of transparency that surround SWF creation. Braunstein’s novel analytical framework provides practical lessons for the business and finance organizations and policymakers of countries that have created, or are planning to create, SWFs.

Vladimir Putin with President of South Africa Cyril Ramaphosa during the BRICS Summit

Kremlin.ru

Analysis & Opinions - METRO U.N.

Russia in Africa

| Apr. 17, 2019

Russia was absent from Africa for two decades while the European Union, the US and China expanded their relations with the rising states of the continent. Russia’s trade has remained small, in 2018 about $ 17 billion for all of Africa compared with the EU’s $ 156 billion with sub-Saharan Africa alone. But Russia’s posture in Africa is beginning to pivot to the continent.

Panel discussion at Halifax International Security Forum 2018

Halifax International Security Forum

Analysis & Opinions

Future Tense - Our World in Ten

| Nov. 19, 2018

This year’s Halifax International Security Forum paid respect to the 100th anniversary of the end of World War One, but in its final plenary session, Future Tense: Our World in Ten, the attention shifted to the future. How will the issues discussed throughout this year’s Forum play out over the next decade? Will democratic states be able to defend their values and institutions from growing threats like great power politics and cyber-warfare? This diverse set of panelists spoke confidently and optimistically about the resilience of democracies to withstand this challenge.

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

teaser image

Analysis & Opinions - METRO U.N.

BRICS—Is the Concept still Relevant?

| Aug. 29, 2018

Ever since this group of states became more than a handy acronym about a decade ago, the question whether the partial common interests or the striking differences among them will ultimately prevail has been posed and though it remains open, contemporary trends in international politics have, in fact, given the group new impetus, at least for the time being.

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.

Dutch lawmaker Geert Wilders talks to reporters as he arrives at at Quicken Loans Arena before the start of the second day session of the Republican National Convention in Cleveland, Tuesday, July 19, 2016.

(AP Photo/Carolyn Kaster)

Analysis & Opinions - Project Syndicate

Putting the Populist Revolt in Its Place

| October 6, 2016

In many Western democracies, this is a year of revolt against elites. The success of the Brexit campaign in Britain, Donald Trump’s unexpected capture of the Republican Party in the United States, and populist parties’ success in Germany and elsewhere strike many as heralding the end of an era. As Financial Times columnist Philip Stephens put it, “the present global order – the liberal rules-based system established in 1945 and expanded after the end of the Cold War – is under unprecedented strain. Globalization is in retreat.”

In fact, it may be premature to draw such broad conclusions.

Some economists attribute the current surge of populism to the “hyper-globalization” of the 1990s, with liberalization of international financial flows and the creation of the World Trade Organization – and particularly China’s WTO accession in 2001 – receiving the most attention. According to one study, Chinese imports eliminated nearly one million US manufacturing jobs from 1999 to 2011; including suppliers and related industries brings the losses to 2.4 million.