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National Governments Have Gone Big. The IMF and World Bank Need to Do the Same.

While social distancing is the West’s route to suppression of the virus, the developing world’s crowded cities and often overcrowded slums make isolation difficult. Advice on hand-washing means little where there is no access to running water. Without a basic social safety net, choices are narrowed and stark: Go to work and risk disease, or stay home and starve with your family.




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No, the Coronavirus Will Not Change the Global Order

Joseph Nye advises skepticism toward claims that the pandemic changes everything. China won't benefit, and the United States will remain preeminent.




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History Warns Us to Avoid a W-shaped Recession

“Those who do not study history are condemned to repeat it.”  And the rest of us are condemned to repeat George Santayana.

Will the Coronavirus Recession of 2020 be V-shaped?  Or U-shaped?  If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession.

As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as it may, the world is now deep into the pandemic and its economic consequences, the most severe such events since the interwar period, 1918-1939.  As decision-makers in every country contemplate their next steps, they would do well to ponder the precedents of that interwar period.




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How to Avoid a W-shaped Global Coronavirus Recession

“Those who cannot remember the past are condemned to repeat it,” George Santayana famously quipped in 1905. It is a phrase that has been repeated for over a century, but rarely heeded. As Covid-19 decimates the global economy, our understanding of history could be the difference between a V- or U-shaped recession and a W-shaped one, in which incipient recovery is followed by successive relapses.

As recently as March, V-shaped recoveries in individual economies seemed plausible. Once infections and deaths had peaked and begun to decline, the logic went, people would eagerly return to work. The economic activity might even get an extra boost, as consumers released pent-up demand.




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Restructuring Argentina’s Private Debt is Essential

Argentina's creditors are being asked to accept a proposal that would reduce their revenue stream but make it sustainable. A responsible resolution will set a positive precedent, not only for Argentina, but for the international financial system as a whole.




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Vettel rues 'messy' qualifying

Sebastian Vettel was left ruing a missed opportunity in Singapore after failing to secure pole position for Sunday's night race




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Driver reaction after the Singapore Grand Prix

Read what the drivers and key team members had to say after the Singapore Grand Prix




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Alonso victory spices up title race

Fernando Alonso completed an impressive start-to-finish victory at the Singapore Grand Prix




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It would have been too risky to pass Alonso - Vettel

Sebastian Vettel has said it would have been too risky to attempt an overtaking manoeuvre on Fernando Alonso to take the lead of the Singapore Grand Prix




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Cool Alonso never thought Vettel would pass

Fernando Alonso said he felt he had the Singapore Grand Prix under control as soon as he pitted for fresh tyres and came out ahead of rival Sebastian Vettel




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It wasn't safe to pit - Kovalainen

While the sight of Heikki Kovalainen grabbing a fire extinguisher and trying to put out a blaze on his Lotus provided one of the more spectacular images of the season, opinion was divided on the wisdom of his actions




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Ferrari like 'a perfect Italian watch' - Arrivabene

Team principal Maurizio Arrivabene never doubted Sebastian Vettel could be a contender in Malaysia but he says Ferrari must not get carried away with one victory




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Being lapped by Vettel hurts - Ricciardo

Daniel Ricciardo said being lapped by race winner and former team-mate Sebastian Vettel was "the icing on the cake" after another frustrating race for Red Bull in Malaysia




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Vettel's victory a 'wake-up call' for Mercedes

Mercedes boss Toto Wolff says Sebastian Vettel's win for Ferrari in Malaysia has set alarm bells ringing for the reigning world champion




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Lauda: Vettel 'not boring anymore'

Three-time world champion Niki Lauda says Sebastian Vettel's victory in Malaysia was good for Formula One and the German driver's own image after the reputation he built between 2010 and 2013




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Red Bull's Marko wins €400 Vettel bet in Malaysia

Red Bull motorsport advisor Helmut Marko left the Malaysian Grand Prix €400 richer after an astute bet - on former protégé Sebastian Vettel winning the race in his Ferrari




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2014 upheaval was crucial for Ferrari future - Allison

Ferrari technical director James Allison says the sweeping changes made to Ferrari over the winter are making it stronger every month following the team's first victory since May 2013 on Sunday




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Environmental Insights Interview with Nick Stern

An exclusive interview with Lord Nicholas Stern, one of the world’s foremost experts on climate change.

 




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Study Group on Energy Innovation and the Transition to a Low-Carbon Economy: Advising Fortune 500 Companies

This study group will explore the role of the private sector in evolving energy systems, and how corporations might change in a climate constrained world. 




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The Value of Carbon Capture, Utilization, and Sequestration

Growing concern around climate change has ignited recent interest in carbon capture, utilization, and storage (CCUS) technologies and generated a series of studies on its global market potential.




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Green Ambitions, Brown Realities: Making Sense of Renewable Investment Strategies in the Gulf

Gulf countries have hailed their investments in renewable energy, but some basic questions remain about the extent to which it makes sense for GCC states to invest aggressively in renewables. The sheer magnitude of such investments will require these countries to mobilize significant public resources.  Therefore, such an assessment requires these countries to focus on national interests, not just a desire to be perceived as constructive participants in the global transition away from carbon energy. 

This report starts by identifying four common strategic justifications for investing in renewable energy in GCC countries. Each of these rationales highlights a different aspect of renewable energy investments. In addition, each rationale is based on different assumptions about the underlying drivers of such investments, and each rationale is based on different assumptions about the future of energy. 
 




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Illuminating Homes with LEDs in India: Rapid Market Creation Towards Low-carbon Technology Transition in a Developing Country

This paper examines a recent, rapid, and ongoing transition of India's lighting market to light emitting diode (LED) technology, from a negligible market share to LEDs becoming the dominant lighting products within five years, despite the country's otherwise limited visibility in the global solid-state lighting industry.




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U.S. Intervention in Russia-Saudi Impasse Isn't Tenable (Radio)

Meghan L. O’Sullivan, Professor of International Affairs at Harvard’s Kennedy School, former National Security Council advisor, and a Bloomberg Opinion columnist, discusses the oil market plunge, and the Russia-Saudi relationship. Hosted by Lisa Abramowicz and Paul Sweeney.




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Urban Waste to Energy Recovery Assessment Simulations for Developing Countries

In this paper, a quantitative Waste to Energy Recovery Assessment (WERA) framework is used to stochastically analyze the feasibility of waste-to-energy systems in selected cities in Asia.




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Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




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Organizational Responses to COVID-19 and Climate Change: A Conversation with Rebecca Henderson

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.”




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Transatlantic Dialogue: The Missing Link in Europe’s Post-Covid-19 Green Deal?

This policy brief emphasizes that the European Green Deal's effectiveness in a post Covid-19 world will require the involvement of strategic partners, especially the US. In the context of a potential US withdrawal from the Paris Agreement and the consequential vacuum, it will be even more important to engage the US in implementing the GD. In light of divergence between the US and the EU during past climate negotiations (e.g. Kyoto, Copenhagen, and Paris), we suggest a gradual approach to US engagement with GD initiatives and objectives.




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No, the Coronavirus Will Not Change the Global Order

Joseph Nye advises skepticism toward claims that the pandemic changes everything. China won't benefit, and the United States will remain preeminent.




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New Committee to Advise Bacow on Sustainability Goals

Harvard University has created a Presidential Committee on Sustainability (PCS) to advise President Larry Bacow and the University's leadership on sustainability vision, goals, strategy, and partnerships. The Harvard Gazette spoke with committee chairs Rebecca Henderson, the John and Natty McArthur University Professor; John Holdren, the Teresa and John Heinz Professor of Environmental Policy at Harvard Kennedy School; and Katie Lapp, executive vice president, about why it is so important to act now; the role of the PCS in developing collaborative and innovative projects; and how the campus community can get involved.




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The battle of 'resistance' vs 'revolution' in the Middle East

The events surrounding the US assassination of Iranian Quds Force leader Major General Qassem Soleimani brought to the surface the two main ideological forces that now battle each other across the Middle East - the anti-imperial "resistance" of Iran and its Arab allies, and the freedom "revolution" of domestic protesters in the same lands. 




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Rami Khouri's interview on Aljazeera TV discussing the appointment of the new Lebanese government.

Rami Khouri's interview on Aljazeera TV discussing the appointment of the new Lebanese government amidst continuing protests and clashes with police.




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Lebanon has formed a controversial new government in a polarised, charged atmosphere, and protesters are not going to be easily pacified by its promises, explains Rami Khoury.

The fourth consecutive month of Lebanon's unprecedented political and economic crisis kicked off this week with three dramatic developments that will interplay in the coming months to define the country's direction for years to come: Escalating protests on the streets, heightened security measures by an increasingly militarising state, and now, a new cabinet of controversial so-called "independent technocrats" led by Prime Minister-designate Hassan Diab.

Seeking to increase pressure on the political elite to act responsibly amid inaction vis-a-vis the slow collapse of the economy, the protesters had launched the fourth month of their protest movement, which had begun on 17 October last year, with a 'Week of Anger', stepping up their tactics and targeting banks and government institutions.




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Rami Khouri on Euronews TV discussing the Trump-Netanyahu Middle East initiative.

Rami Khouri's on Euronews TV discussing the Trump-Netanyahu Middle East initiative.




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Hong Kong, a Democratic Voice in China

Hong Kong is unique. While the writer Han Suyin’s description—“a borrowed place, on borrowed time” —seemed redundant upon the return of the territory to China on July 1, 1997, the former British colony appears to be perpetually exposed to uncertainty over its future. Despite long months of sociopolitical crisis and violence, Hong Kong has once again shown that it has lost none of its personality. Amidst the climate of upheaval and faced with a Chinese regime determined to obstruct any hopes of democracy, the people of Hong Kong have managed to attract international and media attention, marking them out from any other Chinese territory—including those that enjoy special status: Tibet, Inner Mongolia, Macao, and even Xinjiang, where nearly a million people from the minority Uyghur ethnic group are confined to “re-education” camps. No other Chinese region has been able to attract such attention.




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Armed Rebel Groups Lobby in D.C., Just Like Governments. How Does That Influence U.S. Policy?

Armed rebel groups push for funding and recognition, and often get it.




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H-Diplo Review Essay 192 on Lawson. Anatomies of Revolution

Emily Whalen reviews Anatomies of Revolution by George Lawson (Cambridge: Cambridge University Press, 2019).




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The Future of the Transatlantic Defense Relationship: Views from Finland and the EU

February 7, 2020: With the advent of the digital age and the rise of Russia and China as global powers, the EU must do more to defend itself and its relationship with the United States, according to Janne Kuusela, Director General Janne Kuusela. In an event moderated by  Cathryn Clüver Ashbrook, Executive Director of the Future of Diplomacy Project and the Project on Europe and the Transatlantic Relationship he explained why Finland could be a potential paradigm for the EU’s defense strategy. 

 




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The Overwhelming Case for No First Use

The arguments in favor of the United States' declaring that the only purpose of its nuclear weapons is to deter others who possess them from using theirs — in other words, that in no circumstances will this country use nuclear weapons first — are far stronger than the arguments against this stance. It must be hoped that the next US administration will take this no-first-use step promptly.




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Accumulating Evidence Using Crowdsourcing and Machine Learning: A Living Bibliography about Existential Risk and Global Catastrophic Risk

The study of existential risk — the risk of human extinction or the collapse of human civilization — has only recently emerged as an integrated field of research, and yet an overwhelming volume of relevant research has already been published. To provide an evidence base for policy and risk analysis, this research should be systematically reviewed. In a systematic review, one of many time-consuming tasks is to read the titles and abstracts of research publications, to see if they meet the inclusion criteria. The authors show how this task can be shared between multiple people (using crowdsourcing) and partially automated (using machine learning), as methods of handling an overwhelming volume of research.




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The Need for Creative and Effective Nuclear Security Vulnerability Assessment and Testing

Realistic, creative vulnerability assessment and testing are critical to finding and fixing nuclear security weaknesses and avoiding over-confidence. Both vulnerability assessment and realistic testing are needed to ensure that nuclear security systems are providing the level of protection required. Systems must be challenged by experts thinking like adversaries, trying to find ways to overcome them. Effective vulnerability assessment and realistic testing are more difficult in the case of insider threats, and special attention is needed. Organizations need to find ways to give people the mission and the incentives to find nuclear security weaknesses and suggest ways they might be fixed. With the right approaches and incentives in place, effective vulnerability assessment and testing can be a key part of achieving and sustaining high levels of nuclear security.




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The Past and Potential Role of Civil Society in Nuclear Security

Civil society has played a very important role in nuclear security over the years, and its role could be strengthened in the future. Some nuclear organizations react against the very idea of civil society involvement, thinking of only one societal role—protesting. In fact, however, civil society has played quite a number of critical roles in nuclear security over the years, including highlighting the dangers of nuclear terrorism; providing research and ideas; nudging governments to act; tracking progress and holding governments and operators accountable; educating the public and other stakeholders; promoting dialogue and partnerships; helping with nuclear security implementation; funding initial steps; and more. Funding organizations (both government and non-government) should consider ways to support civil society work and expertise focused on nuclear security in additional countries. Rather than simply protesting and opposing, civil society organizations can help build more effective nuclear security practices around the world.




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Arms Control Agreement With Russia Should Cover More Than Nuclear Weapons

With the Russia investigation and impeachment behind him, President Trump finally may feel empowered to engage with Russian President Vladimir Putin and pursue an arms control deal.  




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Public Testimony on Trump Administration Funding for Nuclear Theft Preventing Programs

A nuclear explosion detonated anywhere by a terrorist group would be a global humanitarian, economic, and political catastrophe. The current COVID-19 pandemic reminds us not to ignore prevention of and preparation for low-probability, high-consequence disasters. For nuclear terrorism, while preparation is important, prevention must be the top priority. The most effective strategy for keeping nuclear weapons out of the hands of terrorists is to ensure that nuclear materials and facilities around the world have strong and sustainable security. Every president for more than two decades has made strengthening nuclear security around the globe a priority. This includes the Trump administration, whose 2018 Nuclear Posture Review states: “[n]uclear terrorism remains among the most significant threats to the security of the United States, allies, and partners.”




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Living with Uncertainty: Modeling China's Nuclear Survivability

A simplified nuclear exchange model demonstrates that China’s ability to launch a successful nuclear retaliatory strike in response to an adversary’s nuclear first strike has been and remains far from assured. This study suggests that China’s criterion for effective nuclear deterrence is very low.




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Maxwell Taylor's Cold War: From Berlin to Vietnam

Nathaniel Moir reviews Maxwell Taylor's Cold War: From Berlin to Vietnam by Ingo Trauschweizer.




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Vettel secures pole position ahead of Hamilton

Sebastian Vettel took pole position for the United States Grand Prix after edging out Lewis Hamilton for pole position by 0.109s. His title rival Fernando Alonso will start eighth on the grid




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Hamilton tops Friday practice ahead of Vettel

Lewis Hamilton set the pace in second practice after McLaren made a strong start to the Brazilian Grand Prix weekend




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Button just edges out Vettel in final practice

Jenson Button just beat Sebastian Vettel to the fastest time of the final practice session at the Brazilian Grand Prix by 0.057s, while Vettel's championship contender Fernando Alonso finished down in eighth




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Hamilton leads McLaren front row, Vettel fourth and Alonso seventh

Lewis Hamilton took pole position as part of a McLaren front-row lockout at the Brazilian Grand Prix as championship contenders Sebastian Vettel and Fernando Alonso only managed fourth and eighth respectively




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Vettel secures third title in epic season finale

Sebastian Vettel clinched his third successive drivers' championship after an utterly absorbing final race in Brazil