Economics & Global Affairs

136 Items

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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.

Solar panel field and wind turbines

PIXNIO / hpgruesen

Book - Edward Elgar Publishing, Inc.

Handbook of the International Political Economy of Energy and Natural Resources

| 2018

This Handbook offers a comprehensive overview of the latest research from leading scholars on the international political economy of energy and resources. Highlighting the important conceptual and empirical themes, the chapters study all levels of governance, from global to local, and explore the wide range of issues emerging in a changing political and economic environment.

People walk in Astana, Kazakhstan, on Jan. 23, 2017. (AP Photo/Sergei Grits)

AP Photo/Sergei Grits

Analysis & Opinions - The Brookings Institution

The New Geopolitics of Central Asia: China Vies for Influence in Russia's Backyard

| Jan. 02, 2018

Kazakhstan is a critical node and is now on the verge of China’s embrace. Not surprisingly, the government in Astana is keen to benefit from the project: It seeks to diversify its economy away from exporting oil and natural resources and wants to improve its road and rail infrastructures in order to expand its logistics sector. If successful, this could help Kazakhstan move from being a middle-income to a high-income country.

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.

Cluver, Chaudhry and Najam

Benn Craig/Belfer Center

News - India and South Asia Project

Ambassador of Pakistan to the US: "Now is the ideal time to reset relations."

| Apr. 27, 2017

Two days after presenting his credentials to President Trump, His Excellency Aizaz Ahmad Chaudhry, the newly appointed Ambassador of Pakistan to the United States, expressed optimism about bilateral relations between the two countries. Respondent Adil Najam, Dean of the Frederick S. Pardee School of Global Studies at Boston University, was more cautious in his assessment of the relationship after years of "reset."

Tawakkol Karman, Future of Diplomacy Project Fisher Family Fellow, speaks on human rights at Harvard University

Benn Craig

News

Tawakkol Karman Speaks on Human Rights

| Dec. 19, 2016

Tawakkol Karman, Yemeni activist and recipient of the 2011 Nobel Peace Prize, served as a Fisher Family Fellow with Harvard’s Future of Diplomacy Project. An outspoken and passionate advocate for human rights, she was critical of the inaction of international institutions and developed nations in response to rights violations in the Middle East.

News

Ambassador David Saperstein talks TPP, ISIL, and the Next Administration

| Nov. 28, 2016

David Saperstein, U.S. Ambassador-at-Large for Religious Freedom, spoke on Monday, November 14th at the Harvard Kennedy School on “U.S. Efforts to Promote Religious Freedom Abroad.” In a wide-ranging discussion moderated by Future of Diplomacy Project Executive Director Cathryn Clüver, the diplomat and rabbi explained the importance of religion and human rights as part of an integrated approach to foreign policy.