Economics & Global Affairs

15 Items

The AI Advantage of Nations in the Fourth Industrial Revolution

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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.

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Analysis & Opinions - Arctic Today

Could an Arctic Agreement Revolutionize Global Trade?

    Author:
  • Mehek Sethi
| Feb. 09, 2018

While traditional trade agreements tend to neglect environmental regulatory cooperation, an Arctic Free Trade Area, including all eight Arctic Council member countries (Canada, the Kingdom of Denmark — including Greenland and the Faroe Islands, Finland, Iceland, Norway, Russia, Sweden, and the United States), could set a new and revolutionary precedent.