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  • Author: Michael B Greenwald
  • Publication Date: 03-2019
  • Content Type: Commentary and Analysis
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: Many view the Belt and Road Initiative as the most geoeconomically significant infrastructure project since the Marshall Plan. Promising alternative trade routes, abundant capital flows, and advanced infrastructure to the developing world, the program has scaled significantly since its inception in 2013.
  • Topic: International Affairs
  • Political Geography: Global Focus
  • Author: Michael B Greenwald
  • Publication Date: 03-2019
  • Content Type: Commentary and Analysis
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: Saudi Vision 2030 — Crown Prince Mohammad bin Salman’s bid to diversify his nation’s oil-dependent economy — is one of the most consequential development plans in modern history. So it was no surprise to see MbS, as he is known, grinning with Chinese leaders during his Asian investment trip last month. As Chinese officials raved about the “enormous potential” of the Saudi economy, Saudi officials praised the compatibility of Chinese and Saudi cultures, and MbS even defended China’s maltreatment of Muslim Uighurs
  • Topic: International Affairs
  • Political Geography: Global Focus
  • Author: Martin S. Feldstein
  • Publication Date: 02-2019
  • Content Type: Commentary and Analysis
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: Earlier this month, the Federal Reserve’s policy-setting Federal Open Market Committee voted unanimously to increase the short-term interest rate by a quarter of a percentage point, taking it from 2.25% to 2.5%. This was the fourth increase in 12 months, a sequence that had been projected a year ago, and the FOMC members also indicated that there would be two more quarter-point increases in 2019. The announcement soon met with widespread disapproval.
  • Topic: International Affairs, Financial Markets
  • Political Geography: Global Focus
  • Author: Michael B Greenwald
  • Publication Date: 12-2018
  • Content Type: Commentary and Analysis
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: In the post-9/11 era, Washington has waged innovative campaigns against terrorism finance, sanctions evasion, and money laundering. Leveraging America’s heavyweight status in the international financial system, the United States Treasury has isolated and bankrupted rogue regimes, global terrorists, and their enablers. As financial technology transforms global business, the traditional financial system faces new competition across a suite of offerings, ranging from brokerage services to peer to peer lending. In no area is this clearer than in mobile payments, where a global hegemon lies ready to exercise its weight, and it is not the United States
  • Topic: International Relations, International Affairs, Financial Markets
  • Political Geography: Global Focus
  • Author: Martin S. Feldstein
  • Publication Date: 09-2018
  • Content Type: Commentary and Analysis
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: The cost to US consumers and firms imposed by tariffs on Chinese imports is not large relative to the gain that would be achieved if the US succeeds in persuading China to stop illegally taking US firms’ technology. But the Trump administration should state that this is the goal, and that the tariffs will be removed when it is met.
  • Topic: International Cooperation, International Political Economy, International Affairs
  • Political Geography: Global Focus