ECONOMICS AND GLOBAL AFFAIRS
November 2008
Partnership for Progress
Report
By Xenia Dormandy, Former Senior Associate, Belfer Center for Science and International Affairs and Hassan Abbas, Former Senior Advisor, Belfer Center for Science and International Affairs
The Belfer Center's Xenia Dormandy and Hassan Abbas participated in a working group on the state of Pakistan convened by the Center for American Progress. The resulting report proposes strategies for enhanced security, democratization, and economic growth.
AP Photo
November 2010
"Institutions for International Climate Governance"
Policy Brief
By Harvard Project on Climate Agreements
The United Nations Framework Convention on Climate Change (UNFCCC) has significant advantages but also real challenges as a venue for international negotiations on climate change policy. In the wake of the Fifteenth Conference of the Parties (COP-15) in Copenhagen, December 2009, it is important to reflect on institutional options going forward for negotiating and implementing climate change policy.
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.
November, 2009
Applying For-Profit Principles in Water Management and Agricultural Policy in the Middle East and North Africa
Policy Brief
By Mohamad M. Al-Ississ, Former Research Fellow 2008-2009, The Dubai Initiative
Through its partnerships with the government, the agricultural sector in the MENA has long engaged in dubious accounting practices to raise its reported profits through artificially suppressing its costs. This has led to the current unsustainable exploitation of the scarce water resources in the region.
November, 2009
The Cross-Border Financial Impact of Violence
Working Paper
By Mohamad M. Al-Ississ, Former Research Fellow 2008-2009, The Dubai Initiative
This paper argues that violent events have two economic effects: a direct loss from the destruction of physical and human capital, and a reallocation of financial and economic resources. It documents the positive cross-border impact that follows violent events as a result of this reallocation. Thus, it reconciles the two existing perspectives in the literature on whether violence has a small or large economic effect. Our results show that, in globally integrated markets, the substitution of financial and economic activities away from afflicted countries magnifies their losses. This study evaluates certain factors affecting the impact of violence in non-event countries. Geographic distance from the event country is not monotonic in its effect on the valuation of equities of other countries. Also, the safer a non-event country is perceived to be relative to the event country, the greater the positive impact on its financial market. Finally, event countries with deeper financial markets are less susceptible to capital reallocation following an event.
AP Photo
November 2011
The Promise and Problems of Pricing Carbon: Theory and Experience
Discussion Paper
By Joseph E. Aldy, Faculty Affiliate, Harvard Project on Climate Agreements and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
Because of the global commons nature of climate change, international cooperation among nations will likely be necessary for meaningful action at the global level. At the same time, it will inevitably be up to the actions of sovereign nations to put in place policies that bring about meaningful reductions in the emissions of greenhouse gases. Due to the ubiquity and diversity of emissions of greenhouse gases in most economies, as well as the variation in abatement costs among individual sources, conventional environmental policy approaches, such as uniform technology and performance standards, are unlikely to be sufficient to the task. Therefore, attention has increasingly turned to market-based instruments in the form of carbon-pricing mechanisms. We examine the opportunities and challenges associated with the major options for carbon pricing: carbon taxes, cap-and-trade, emission reduction credits, clean energy standards, and fossil fuel subsidy reductions.
March 26, 2013
"China Doesn't Belong in the BRICS"
Op-Ed, The Atlantic
By Graham Allison, Director, Belfer Center for Science and International Affairs; Douglas Dillon Professor of Government, Harvard Kennedy School
China's new president, Xi Jinping, arrives in South Africa today for a summit of the BRICS: Brazil, Russia, India, China, and South Africa. The leaders who gather will search for what these nations have in common. The larger question, however, is whether this acronym has become an anachronism. Graham Allison explores whether lumping these nations under a single label confuses more than it clarifies.
AP Photo/Lai Seng Sin
March 1, 2013
"Lee Kuan Yew, Grand Master of Asia"
Op-Ed, National Interest
By Graham Allison, Director, Belfer Center for Science and International Affairs; Douglas Dillon Professor of Government, Harvard Kennedy School and Robert D. Blackwill, International Council Member, Belfer Center for Science and International Affairs
Graham Allison and Robert Blackwill comment on the future of China and its possibilities. They note: "Only one individual has been called 'mentor' by Deng Xiaoping, the Chinese leader who initiated China’s march to the market, and its new leader Xi Jinping. Only one individual has been called upon for counsel about these developments by every U.S. president from Richard Nixon to Barack Obama. That individual is Lee Kuan Yew, the founding father of Singapore."
(AP Photo)
February 25, 2013
"Lee Kuan Yew's China"
Op-Ed, Project Syndicate
By Graham Allison, Director, Belfer Center for Science and International Affairs; Douglas Dillon Professor of Government, Harvard Kennedy School, Robert D. Blackwill, International Council Member, Belfer Center for Science and International Affairs and Ali Wyne, Associate, Belfer Center for Science and International Affairs
Graham Allison and Robert D. Blackwill spotlight Lee Kuan Yew in their latest book, Lee Kuan Yew: The Grand Master's Insights on China, the United States, and the World.
(AP Photo/Wong Maye-E, File)
February 16, 2013
"Will China Ever Be No. 1"
Op-Ed, Foreign Policy
By Graham Allison, Director, Belfer Center for Science and International Affairs; Douglas Dillon Professor of Government, Harvard Kennedy School and Robert D. Blackwill, International Council Member, Belfer Center for Science and International Affairs
Will China continue to grow three times faster than the United States to become the No. 1 economy in the world in the decade ahead? Does China aspire to be the No. 1 power in Asia and ultimately the world? As it becomes a great power, will China follow the path taken by Japan in becoming an honorary member of the West? Graham sAllison and Robert Blackwill suggest that while nobody knows the answer to these questions, the person they believe should be consulted for an answer is Lee Kuan Yew.
