ECONOMICS AND GLOBAL AFFAIRS
AP Photo
November 6, 2009
"Obamacare's Nasty Surprise"
Op-Ed, Washington Post
By Martin Feldstein, George F. Baker Professor of Economics at Harvard University
"...[F]or those who are now privately insured through employers or by direct purchase, there would be substantial incentives to become uninsured until they become sick. The resulting rise in the cost to insurance companies as the insured population becomes sicker would raise the average premium, strengthening that incentive."
November 2009
"Climate Finance"
Policy Brief
By The Harvard Project on International Climate Agreements
The finance of climate mitigation and adaptation in developing countries represents a key challenge in the negotiations on a post-2012 international climate agreement. Finance mechanisms are important because stabilizing the climate will require significant emissions reductions in both the developed and the developing worlds, and therefore large-scale investments in energy infrastructure. The current state of climate finance has been criticized for its insufficient scale, relatively low share of private-sector investment, and insufficient institutional framework. This policy brief presents options for improving and expanding climate finance.
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Summer 2009
"Hard Decisions on Soft Power: Opportunities and Difficulties for Chinese Soft Power"
Magazine or Newspaper Article, Harvard International Review, issue 2, volume 31
By Joseph S. Nye, Harvard University Distinguished Service Professor and Wang Jisi
"But just as China's economic and military power does not yet match that of the United States, China's soft power still has a long way to go as demonstrated by a Chicago Council on Global Affairs poll. China does not have cultural industries like Hollywood, and its universities are not yet the equal of the United States. It lacks the many non-governmental organizations that generate much of US soft power. Politically, China suffers from corruption, inequality, and a lack of democracy, human rights and the rule of law. While that may make the "Beijing consensus" attractive in authoritarian and semi-authoritarian developing countries, it undercuts China's soft power in the West. Although China's new diplomacy has enhanced its attractiveness to its neighbors in Southeast Asia, the belligerence of its hard power stance toward Taiwan hurt it in Europe when China sought to persuade Europeans to relax their embargo on the sale of arms. Given the domestic problems that China must still overcome, there are limits to China's ability to attract others, but one would be foolish to ignore the gains the country is making."
October 30, 2009
"Why the Renminbi has to Rise to Address Imbalances"
Op-Ed, Financial Times
By Martin Feldstein, George F. Baker Professor of Economics at Harvard University
"China's policy of keeping the renminbi weak means that the US dollar must decline more rapidly against the euro, yen and other currencies to achieve the same overall trade-weighted fall of the dollar," says Martin Feldstein, member of the Belfer Center's board of directors. "China's weak renminbi policy therefore not only prevents remedying China's large current account surplus but also reduces Europe's exports," he says.
October 26, 2009
"The Global Impact of America’s Health Care Debate"
Op-Ed, Daily News Egypt
By Martin Feldstein, George F. Baker Professor of Economics at Harvard University
President Obama's health care proposals are meeting strong opposition from fiscally conservative Democrats as well as from Republicans, owing to their potential impact on future fiscal deficits, says Martin Feldstein, member of the Belfer Center's board of directors. "Because those deficits are the primary cause of America's current-account deficit," he says, the "health-care debate's outcome will affect governments and investors around the world."
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October 23, 2009
"Three Pillars of Post-2012 International Climate Policy"
Policy Brief
By Sheila M. Olmstead, Former Research Fellow, Environment and Natural Resources Program, 2001–2002 and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on International Climate Agreements
Our proposal for a post-2012 international global climate policy agreement contains three essential elements: meaningful involvement by key industrialized and developing nations; an emphasis on an extended time path of targets; and inclusion of market-based policy instruments. This architecture is consistent with fundamental aspects of the science, economics, and politics of global climate change.
Fall 2009
"Bad Debts: Assessing China's Financial Influence in Great Power Politics"
Journal Article, International Security, issue 2, volume 34
Commentators and policymakers have articulated growing concerns about U.S. dependence on China and other authoritarian capitalist states as a source of credit to fund the United States' trade and budget deficits. What are the security implications of China's creditor status? If Beijing or another sovereign creditor were to flex its financial muscles, would Washington buckle?
October 8, 2009
"A Better Way to Health Reform"
Op-Ed, Washington Post
By Martin Feldstein, George F. Baker Professor of Economics at Harvard University
"The American health-care system suffers from three serious problems: Health-care costs are rising much faster than our incomes. More than 15 percent of the population has neither private nor public insurance. And the high cost of health care can lead to personal bankruptcy, even for families that do have health insurance," says Martin Feldstein, member of the board at Harvard Kennedy School's Belfer Center.
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September 29, 2009
"A Budapest B-School Teaches Leadership at the Crossroads"
Op-Ed, Harvard Business Review
By Ben Heineman, Senior Fellow, Belfer Center for Science and International Affairs
"In this era of upheaval, CEU Business School's aspiration - to merge teaching and research on business and society with traditional commercial subjects to train leaders for markets in transition - applies to all nations, developing and developed."
September 22, 2009
Belfer Center Announces 2009-2010 Research Fellows
News
By Sharon Wilke, Associate Director of Communications
Harvard Kennedy School's Belfer Center for Science and International Affairs today announced its 2009-2010 research fellows. The fellows, drawn from governments, academia, and the public sector, will work with Center faculty and fellows to research issues of critical significance internationally, ranging from security issues such as nuclear proliferation and terrorism to climate change and energy policy. The new fellows come from countries as diverse as South Korea, India, Egypt, Germany, and South Africa.
