Content Type: Working Paper / Political Geography: United States of America / Publication Year: 3 selected

1. Untangling the Transatlantic Knot: Germany, France, and the United States

Author:: Gesine Weber and Jacob Ross
Publication Date:: 01-2025
Content Type:: Working Paper
Institution:: German Marshall Fund of the United States (GMFUS)
Abstract:: France’s and Germany’s reactions to Russia’s full-scale war against Ukraine reveal their significantly different relationships with the United States. Their interpretations regarding the European security architecture are almost diametrically opposed. While Berlin concluded that European security must be constructed transatlantically, Paris saw confirmation of its interpretation that Europeans must be able to address security challenges independently of Washington. Donald Trump’s reelection constitutes a challenge for the two countries because both need to fundamentally rethink their respective relationships with the United States and Europe-US relations more generally. The scope of the US withdrawal from European security remains to be seen, but it will be similarly challenging for Paris and Berlin.
Topic:: NATO, Geopolitics, Transatlantic Relations, and Defense Cooperation
Political Geography:: Europe, France, Germany, North America, and United States of America

2. Factsheet: Elon Musk

Author:: Bridge Initiative Team
Publication Date:: 02-2025
Content Type:: Working Paper
Institution:: The Bridge Initiative, Georgetown University
Abstract:: Elon Musk is a billionaire entrepreneur and the CEO or top executive of multiple high-profile companies, including X (formerly Twitter), Tesla and SpaceX. He has a documented history of amplifying anti-Muslim tropes, supporting individuals and organizations that promote Islamophobia, and making statements that minimize or dismiss concerns about anti-Muslim racism. His actions and influence have contributed to the normalization of Islamophobic rhetoric in public discourse. In 2024, U.S. President Donald Trump appointed Musk to lead the newly-created Department of Government Efficiency.
Topic:: Islamophobia, Far Right, Donald Trump, Elon Musk, Billionaires, and Department of Government Efficiency (DOGE)
Political Geography:: North America and United States of America

3. Factsheet: Tom Trento

Author:: Bridge Initiative Team
Publication Date:: 02-2025
Content Type:: Working Paper
Institution:: The Bridge Initiative, Georgetown University
Abstract:: Tom Trento is an American conservative activist who has a history of making anti-Muslim statements, including promoting a narrative that constructs Islam as a major threat to America. He is the founder and executive director of The United West, described by the Southern Poverty Law Center as an organization “stoking anti-Muslim hate for over a decade.”
Topic:: Conservatism, Islamophobia, Activism, Right-Wing Politics, and Tom Trento
Political Geography:: North America and United States of America

4. Factsheet: Pete Hegseth

Author:: Bridge Initiative Team
Publication Date:: 01-2025
Content Type:: Working Paper
Institution:: The Bridge Initiative, Georgetown University
Abstract:: Pete Hegseth is a former Fox News political commentator, author, and former Army National Guard officer who served in Guantanamo Bay, Iraq, and Afghanistan. He has tattoos that are associated with white nationalism and has a history of making Islamophobic statements. Hegseth has also been accused of sexual assault and has had several incidences of alleged sexist behavior. In 2025, Hegseth was confirmed as the next Secretary of Defense in the Trump administration.
Topic:: Islamophobia, Far Right, Donald Trump, Military, Pete Hegseth, and White Nationalism
Political Geography:: North America and United States of America

5. Factsheet: Randy Fine

Author:: Bridge Initiative Team
Publication Date:: 01-2025
Content Type:: Working Paper
Institution:: The Bridge Initiative, Georgetown University
Abstract:: Randy Fine is an American Republican politician and currently serves as a Senator for the Florida state government. Before joining politics, he served as a gambling industry executive. Fine has been described as an “unhinged bigot,” “controversial,” “divisive,” and “abrasive.” He has a history of making anti-Muslim, anti-Palestinian, and racist comments, and has threatened two Muslim women members of Congress. In 2024, Fine announced he would be running for the US Congress and was endorsed by President Donald Trump.
Topic:: Politics, Islamophobia, Republican Party, and Randy Fine
Political Geography:: North America and United States of America

6. Public Debt and the Income Share of the Top 1% in the US, 1960-2019

Author:: Aggela Papadopoulou
Publication Date:: 01-2025
Content Type:: Working Paper
Institution:: City Political Economy Research Centre (CITYPERC), University of London
Abstract:: This study theorizes the relationship between sovereign debt and income inequality and shows that increases in public indebtedness are robustly associated with increases in the income share of the top one percent in the US since the 1960s. First, the paper outlines the mechanisms through which public debt is linked to the top one percent income share, via interest payments and capital gains from bond trading. Subsequently, it scrutinizes the evolution of public debt and the income share of the top one percent in the US, in parallel with the historical development of political and economic institutions. Building on the historical analysis, it demonstrates econometrically that interest payments and total returns on domestic and foreign public debt are positively associated with the income share of the top one percent in the US for the period 1960 to 2019.
Topic:: Income Inequality, Public Debt, and Top One Percent
Political Geography:: North America and United States of America

7. Black Intergenerational Mobility, Libertarian Capitalism, and Authoritarian Government, 1877–1941: A Case Study

Author:: Patrick L. Mason
Publication Date:: 01-2025
Content Type:: Working Paper
Institution:: Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:: There are persistent multigenerational Black-white gaps in occupational attainment. These racial differences in intergenerational mobility are not caused by differences in family values and behavior (Mason, 2007). For three decades, I have gathered evidence on my family’s intergenerational transition from enslavement to present social and economic circumstances. Charles and Susan Rollins were 32 and 29 years-old, respectively, as enslavement ended in 1865. During Reconstruction, they accumulated wealth, established a successful dairy and other farming, helped found a church and religious organizations, helped found multiple civic organizations, served on boards affiliated with the local university and high school, were elected to County and State public office, had savings and bank accounts for the entire family, and were leaders among an extensive social network. Jim Crow in the South and anti-black racism in the north stymied upward mobility for the Rollins family for the three generations after Charles and Susan, despite the fact that their descendants obtained greater education than their ancestors, displayed a willingness to relocate 100s of miles away from their home, possessed a culture of achievement (hard work, future orientation, married couple families, etc.), were blessed with exceptional social capital, and, perhaps, the relative advantage of being mulattoes.
Topic:: History, Authoritarianism, Capital, Libertarianism, and Social Mobility
Political Geography:: North America and United States of America

8. Fracking or No Fracking? How a Green Transition Can Work for Workers

Author:: Robert Pollin and Jeannette Wicks-Lim
Publication Date:: 02-2025
Content Type:: Working Paper
Institution:: Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:: Throughout the 2024 U.S. Presidential campaign, the only climate-related issue to achieve prominence was the question of whether to ban fracking operations in the United States. Donald Trump is a long-time climate denier, and therefore had no qualms in supporting fracking and all other techniques for extracting fossil fuels from the ground. By contrast, Kamala Harris had supported a nationwide ban on fracking during her 2019 presidential campaign. This was due to the severe negative environmental and public health impacts of this natural gas extraction technique and because burning natural gas to produce energy generates CO2 emissions that cause climate change. But Harris opposed a fracking ban in 2024 on the assumption that the ban would impose major costs to the economy of Pennsylvania, which has the second-largest fracking operations among U.S. states, after Texas only. Such negative economic outcomes in Pennsylvania would indeed result if fracking were banned in the U.S. and no large-scale alternative economic activities were introduced into Pennsylvania’s economy. But banning fracking must be understood as one component of a much larger program to advance a viable climate stabilization program, in Pennsylvania, and everywhere else. We find that building a clean energy-dominant infrastructure in Pennsylvania—focused on investments in energy efficiency and renewable energy sources—will generate approximately 160,000 jobs in the state. Meanwhile, phasing down fracking and all other fossil fuel activities by 50 percent between 2026 – 35 will entail job losses in the range of 1,700 per year within the state. We argue that these 1,700 displaced fossil fuel workers should receive just transition policies that include pension, employment and income guarantees, in addition to, as needed, retraining and relocation support. We estimate that such a just transition program for these workers will cost in the range of $240 million per year. This amounts to about 0.02 percent of Pennsylvania’s current GDP. Thus, we show how, between 2026 – 2035, Pennsylvania could phase out 50 percent of all its fossil fuel production activities—including fracking operations—while also providing generous support for workers to transition out of their fossil fuel industry jobs and into activities that both raise public health and environmental standards in the state and contribute toward a viable global climate stabilization project.
Topic:: Climate Change, Elections, Green Transition, and Fracking
Political Geography:: North America and United States of America

9. Employment in Child Care and Early Education in the U.S. 2000-2021

Author:: Aritra Basu and Nancy Folbre
Publication Date:: 02-2025
Content Type:: Working Paper
Institution:: Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:: Accurate assessment of trends in the availability and affordability of childcare services in the U.S. hinges on accurate assessment of a paid labor force that is difficult to precisely measure, because it spans a wide range of informal and formal institutional arrangements. This paper calls attention to these measurement problems and traces significant changes in the composition of child care and early education employment from 2000 to 2021 based on data from the American Community Survey (ACS). It shows that employment in the Child Day Care Services industry has become an increasingly poor measure of the number of those employed in Child Care and Preschool/Kindergarten occupations, due to increased provision in both Private Household Services and Elementary and Secondary Education industries. Comparisons of worker characteristics and median annual earnings across occupations and industries highlight the effects of institutional context, including differences in the composition of demand for paid care services. Consideration of these issues points to the need for specific improvements in labor force survey design.
Topic:: Labor Issues, Employment, Survey, and Child Care
Political Geography:: North America and United States of America

10. Trump Takes on the Israeli-Palestinian Conflict

Author:: Michał Wojnarowicz
Publication Date:: 02-2025
Content Type:: Working Paper
Institution:: The Polish Institute of International Affairs
Abstract:: Donald Trump’s actions and announcements to date regarding the Israeli-Palestinian conflict are reversing the decisions of previous administrations and strengthening Benjamin Netanyahu’s political position. At the same time, they threaten the ceasefire in the Gaza Strip. The deliberately ambiguous statements about the resolution of the crisis seem gauged to increase pressure on regional states and European partners.
Topic:: Foreign Policy, Donald Trump, Israeli–Palestinian Conflict, and 2023 Gaza War
Political Geography:: Middle East, Israel, Palestine, Gaza, and United States of America

11. China Building Up BRICS as Important Foreign Policy Tool

Author:: Marcin Przychodniak
Publication Date:: 02-2025
Content Type:: Working Paper
Institution:: The Polish Institute of International Affairs
Abstract:: BRICS is useful for China in its rivalry with the U.S., mainly as a tool to influence developing countries. It is also an important element of strategic cooperation with Russia and a platform for dialogue with India. China does not care about BRICS integration, instead it wants to consolidate the group’s participants to further China’s goals.. The EU’s response to this should include effective support for developing countries and a subjective approach to their demands for global governance.
Topic:: Foreign Policy, European Union, BRICS, Rivalry, and Dialogue
Political Geography:: China, Asia, and United States of America

12. The U.S. Pursues Increasingly Aggressive Policy towards Latin America

Author:: Bartłomiej Znojek
Publication Date:: 03-2025
Content Type:: Working Paper
Institution:: The Polish Institute of International Affairs
Abstract:: Donald Trump’s administration is seeking to rebuild U.S. influence in Latin America. It is trying to convince the countries of the region that cooperation with the United States will bring development and increased security to the Americas. For the time being, however, this approach mainly serves U.S. security interests, in particular combating irregular migration, organised crime and drug trafficking, and reducing China’s influence. The current administration’s threats, inconsistent positions, and expansionist drive will deepen the distrust of the U.S. and antagonise important Latin American partners.
Topic:: Security, Foreign Policy, Migration, Donald Trump, Strategic Interests, and Drug Trafficking
Political Geography:: Latin America and United States of America

13. U.S. Interest in Greenland Reflects the Ongoing Competition in the Arctic

Author:: Kinga Dudzińska and Paweł Markiewicz
Publication Date:: 03-2025
Content Type:: Working Paper
Institution:: The Polish Institute of International Affairs
Abstract:: President Donald Trump has repeatedly suggested his intention to attach Greenland to the U.S., a move that has met with opposition from the Greenlandic and Danish governments. The pressure from the U.S. is one manifestation of its aspirations to strengthen its position in the North Atlantic, both because of the strategic importance of the island and the growing international rivalries in the Arctic. The situation will require greater EU and NATO involvement in the High North, as well as consideration of this perspective by countries outside the region, such as Poland.
Topic:: NATO, European Union, Donald Trump, and Strategic Interests
Political Geography:: Greenland, Arctic, and United States of America

14. Trump’s assault on foreign aid: implications for international development cooperation

Author:: Sebastian Haug, Anna Novoselova, and Stephan Klingebiel
Publication Date:: 01-2025
Content Type:: Working Paper
Institution:: German Institute of Development and Sustainability (IDOS)
Abstract:: The United States of America has long been a leading force in international development cooperation, both politically and financially. However, the first weeks of the second Trump administration have called the traditional role of US foreign aid fundamentally into question. From a 90-day funding freeze to the withdrawal from United Nations (UN) bodies and the dismantling of the US Agency for International Development (USAID), measures taken by Trump and his team are not only having palpable repercussions on a wide range of humanitarian and development programmes, but they also point to more far-reaching implications. Against this backdrop, this paper presents the contours and discusses the global consequences of Trump’s assault on US foreign aid, as of late February 2025. We outline the extant role of the United States as a donor in Section 2 and review the changes announced – and/or implemented – by the current US government in Section 3. Section 4 discusses the implications of US funding cuts for bilateral cooperation, while Section 5 focuses on repercussions on multilateral development work. Section 6 outlines three scenarios on how the ongoing changes in the United States might affect the field of international development. We discuss the possible ramifications of (a) a revamped US approach to foreign aid centring on crude national interests, (b) a US retreat that is at least partially offset by other providers and (c) a US retreat without other providers stepping in. Section 7 concludes by discussing the implications for dealing with the second Trump administration. We outline four recommendations that address stakeholders across the – increasingly outdated – donor–recipient divide: (1) refining development cooperation approaches, (2) strengthening the multilateral development system, (3) promoting Southern self-reliance and (4) fostering alliances beyond a Trump-led US government.
Topic:: International Cooperation, Foreign Aid, International Development, Donald Trump, and USAID
Political Geography:: North America and United States of America

15. Forecasting Nuclear Escalation Risks: Cloudy With a Chance of Fallout

Author:: Jamie Kwong, Anna Bartoux, and James M. Acton
Publication Date:: 04-2025
Content Type:: Working Paper
Institution:: Carnegie Endowment for International Peace
Abstract:: Forecasting—that is, estimating the probability of specified events’ occurring—can contribute to efforts to better understand and address the challenge of managing escalation.
Topic:: Nuclear Weapons, Forecast, Escalation, and Risk Assessment
Political Geography:: Asia, South Korea, North Korea, and United States of America

16. What the White House and Congress Can Do to Prevent Global Mass Atrocities

Author:: Federica D'Alessandra
Publication Date:: 05-2025
Content Type:: Working Paper
Institution:: Carnegie Endowment for International Peace
Abstract:: The Unites States has long recognized that preventing and responding to mass atrocities is both a moral responsibility and in its national security interest. Commitment to atrocity prevention and response has long enjoyed broad bipartisan support, and the U.S. government has long been a global leader on the issue. In 2011, the United States was the first country to establish an interagency body dedicated to atrocity prevention. Ever since, each Republican and Democratic administration—with the support of Congress—has taken additional, important steps toward implementing this objective. In 2019, under President Donald Trump, the United States was the first country to enact federal legislation addressing global mass atrocities. The Elie Wiesel Genocide and Atrocities Prevention Act mandates the White House to report annually to Congress on government-led atrocity prevention efforts. Under the act, the second Trump administration will again be required to report to Congress by mid-2025, raising the question: What is in store for the atrocity prevention agenda under Trump 2.0? This paper reviews the atrocity prevention track record of the first Trump administration and other relevant action taken so far in this second term to parse out what efforts to sustain and uphold U.S. atrocity prevention obligations could look like under Trump’s second White House. This paper highlights how a number of steps the administration has already taken, including but not limited to the recently announced reorganization of the U.S. Department of State and the effective dissolution of the U.S. Agency for International Development (USAID), unless promptly addressed, will raise dire challenges for the readiness and capacity of the State Department and other relevant agencies tasked with operationalizing U.S. commitments to this end. Accordingly, this paper advances a number of actionable recommendations that both the White House and the U.S. Congress should urgently consider to ensure the administration stands ready and capable to fulfill its obligations under the Elie Wiesel Act and other relevant legislation.
Topic:: Foreign Policy, National Security, and Atrocity Prevention
Political Geography:: North America and United States of America

17. Geothermal Energy and U.S. Competitive Advantage: Drill, Baby, Drill

Author:: Robert W. Sweeney and Noah Gordon
Publication Date:: 03-2025
Content Type:: Working Paper
Institution:: Carnegie Endowment for International Peace
Abstract:: The United States and the rest of the world sit at the intersection of potentially destabilizing trends. Great power competition, climate change, intensifying geopolitical uncertainty, the economy’s potential deglobalization, and the potential massive increase in energy demands arising from artificial intelligence (AI) are creating challenges for U.S. national energy policy. A foremost concern is the vulnerability of energy supply chains to interference from or control by a hostile power. In this dynamic context, U.S. energy policy has evolved significantly in terms of markets, supplies, regulation, and legislation. The country’s success in using fracking technology and exploiting abundant shale reserves have made it the world’s largest producer of hydrocarbons and a major exporter, especially of natural gas.1 Further, as national and international concerns about climate change have grown, U.S. energy policy has become more aligned with transitioning to renewable sources. So far, the focus of clean energy additions has been on wind, solar, and nuclear power. Beginning in the mid-2000s, the United States issued legislation and policies raising renewable energy to the level of industrial policy. Among those were the Energy Policy Act (2005), the American Recovery and Reinvestment Act (2009), the Infrastructure Investment and Jobs Act (IIJA) (2021), the CHIPS and Science Act (2022), and the Inflation Reduction Act (IRA) (2022). However, geothermal energy—which uses the heat of the earth’s crust for power—has been largely left out of U.S. industrial policy. This is despite the facts that utilizing this source of renewable energy requires some of the same technologies that have made the United States the world’s top oil and gas producer and that geothermal has the potential to provide clean, dispatchable power that does not rely on weather conditions. With U.S. clean firm power demand expected to increase by approximately 700–900 gigawatts by 2050,2 the United States needs to dramatically increase capacity while reducing or eliminating net carbon output and insulating its energy supply from dependence on international supply chains. The question for the country now is: how should public and private resources be directed to provide the United States with an energy system optimized for the current national and international environment? This paper argues that recent advances in geothermal power have made it the technology with superior characteristics for future U.S. energy system development. With its comparative advantages, geothermal power merits an urgent, intense, and dedicated reorientation of U.S. industrial policy, legislation, and resources.
Topic:: Development, Energy Policy, Science and Technology, and Geothermal Power
Political Geography:: North America and United States of America

18. China Decoupling Beyond the United States: Comparing Germany, Japan, and India

Author:: Joshua Sullivan and Jon Bateman
Publication Date:: 01-2025
Content Type:: Working Paper
Institution:: Carnegie Endowment for International Peace
Abstract:: Key U.S. partners are moving toward less technological integration with China. But their specific paths diverge significantly based on domestic circumstances and varied relationships with Beijing.
Topic:: International Relations, Science and Technology, Economy, Regional Integration, and Decoupling
Political Geography:: Japan, China, India, Asia, Germany, and United States of America

19. How to Spend It: European defence for the age of mass precision

Author:: Chris Kremidas-Courtney
Publication Date:: 03-2025
Content Type:: Working Paper
Institution:: European Policy Centre (EPC)
Abstract:: Europe urgently needs to redefine its defence strategy in response to the United States’ growing disengagement from its transatlantic allies. The suspension of US military assistance to Ukraine and calls for increased European self-reliance have forced policymakers to rapidly reassess how to sustain collective security. The European Union’s ReArm EU plan seeks to mobilise €800 billion in national defence spending to meet these challenges, but investments must be made wisely to prepare for future warfare. Modern warfare has entered into an era of mass precision, where forces can achieve the effects of massed firepower through distributed, AI-enabled, and highly accurate weapons systems. Ukraine’s innovative use of drone swarms and precision strikes against Russian forces has demonstrated this shift. China and the US are also leveraging mass precision to reshape the battlefield, making traditional mass-based warfare increasingly obsolete. However, while armoured vehicles, fighter jets, and ships require new protections, they remain essential when integrated into networked, distributed operations. To prepare for this new strategic reality, Europe must: Invest in mass precision and distributed operations – Prioritise drone warfare, deep-strike capabilities, and networked operations. Accelerate investment in the European Long-Range Strike Approach (ELSA) programme to develop long-range cruise missiles. Build a European command-and-control (C2) system – Reduce reliance on NATO’s US-centric C2 infrastructure. Strengthen Europe’s intelligence capabilities and decision support – Expand European satellite and cyber capabilities and expand analytical capacities. Strengthen air and missile defence – Accelerate the European Sky Shield Initiative (ESSI) and deploy cost effective countermeasures such as more cost effective laser-based systems. Build a European military logistics system – Ensure the ability to sustain forces and ensure rapid troop and equipment mobility within Europe. Train and exercise European forces at scale – Conduct large-scale joint exercises to build readiness. Buy Ukrainian – Integrate Ukrainian defence firms into EU supply chains. Buy European – Reduce dependence on US arms while leveraging UK, Norwegian, Canadian and Turkish defence industries. Build a European nuclear umbrella – France and the UK should explore extended deterrence options to protect all European allies in case of further US withdrawal. Build a European blue-water navy – Strengthen and expand European naval capabilities to protect vital sea lanes in addition to supporting territorial defence. Winning the next war, not the last one Europe can no longer afford slow, bureaucratic and fragmented defence spending—it must accelerate, integrate and innovate in order to defend itself in the event that the United States is unable or unwilling to do so. We don’t just need bigger budgets—we need a better strategy. The future of warfare is mass precision and distributed operations, enabled by AI, and supported by capabilities that enable decision, cyber and information dominance. If Europe invests wisely, it can be a technologically advanced, resilient and autonomous military power while remaining a robust pillar of NATO’s collective security. The hour of Europe is now.
Topic:: Defense Policy, European Union, Weapons, Disengagement, and Defense Spending
Political Geography:: Europe and United States of America

20. The e-commerce challenge: Is importing low-value consignments going to become more cumbersome in the EU and the US?

Author:: Anna Jerzewska
Publication Date:: 04-2025
Content Type:: Working Paper
Institution:: European Policy Centre (EPC)
Abstract:: In the last few months, terms such as e-commerce and de minimis (threshold below which imported goods are not subject to tariffs) have made headlines both in the EU and in the US. The rapid growth of e-commerce exacerbated problems with this exemption both in the US and in the EU. The first problem is lack of control. Only a percentage of commercial goods are subject to physical border checks, and for e-commerce goods this number is even smaller. Then there is the issue of endangering the level-playing field. De minimis benefits consumers and businesses that rely on it, but harms domestic manufacturers and retail outlets that import in bulk (and thus are subject to full customs and product standards and safety requirements). But can the challenges around the rapid growth of e-commerce be solved by the removal of de minimis? And what would be the consequences of removing the exemption? The paper summarises recent attempts and proposals of removing de minimis in the EU and the US and the challenges faced by both administrations. In both cases, e-commerce is still under discussion and it’s not clear what the final solution will look like. However, there are already noticeable differences in approach.
Topic:: European Union, Trade, Imports, and E-Commerce
Political Geography:: Europe, North America, and United States of America

21. The Effects of US-China Cooperation on Fentanyl Markets and Overdose Deaths

Author:: Marcus Noland, Julieta Contreras, and Lucas Rengifo-Keller
Publication Date:: 05-2025
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics (PIIE)
Abstract:: Drug overdose is the leading cause of death among Americans aged 15–44, exceeding heart disease, cancer, suicide, vehicular accidents, and COVID-19 in 2023. Most drug deaths are associated with fentanyl. This paper uses data on illicit drug prices to estimate reduced-form price equations of fentanyl, oxycodone, and alprazolam based on supply and demand, including hedonic characteristics. The results are used to estimate the relationship between fentanyl prices and overdoses. They suggest that the Chinese embargo on fentanyl shipments to the United States beginning in May 2019 raised street prices for a limited period, reducing fentanyl overdose deaths in the United States by roughly one-quarter over a three- to five-month period after the announcement.
Topic:: Bilateral Relations, Drugs, Opioid Crisis, Cooperation, and Fentanyl
Political Geography:: China, Asia, North America, and United States of America

22. Radical novelties in critical technologies and spillovers: how do China, the US and the EU fare?

Author:: Alicia Garcia-Herrero, Michal Krystyanczuk, and Robin Schindowski
Publication Date:: 05-2025
Content Type:: Working Paper
Institution:: Bruegel
Abstract:: Critical technologies including artificial intelligence, semiconductors and quantum computing are attracting attention because of their indispensable nature and their role in national security strategies. We compare China, the United States and the European Union in these technologies and their subfields. We use large language models (LLMs) to identify which patents in these technologies can be considered most groundbreaking (not patented before) and worth replicating. These are ‘radical novelties.’ We find that the US clearly dominates quantum. Chinese and EU progress is similar. The US does slightly better than China in AI with clear dominance in generative AI, but China stands out in some important subfields, such as aerial vehicle technology. China dominates in a larger number of semiconductor fields but not in the highest value added, which is related to design. In a second step we assess how quickly radical novelties in these three technologies are transferred from one economic area to another and within each economic area. We find that the fastest transmission overall is for AI. The EU is by far the slowest in replicating radical novelties from the US and China, while the US and China tend to replicate European novel patents relatively quickly. Radical novelties are also replicated quickly between China and the US which is surprising given US controls on exports of critical technologies to China. Our findings are concerning for Europe because it does not produce enough critical patents in these technologies and because it is slower in replicating patents from the US and China.
Topic:: Science and Technology, Economy, Trade, and Artificial Intelligence
Political Geography:: China, Asia, and United States of America

23. Which companies are ahead in frontier innovation on critical technologies? Comparing China, the European Union and the United States

Author:: Alicia Garcia-Herrero, Michal Krystyanczuk, and Robin Schindowski
Publication Date:: 05-2025
Content Type:: Working Paper
Institution:: Bruegel
Abstract:: Competition in critical technologies is attracting increasing attention not only because of the foundational nature of these technologies for other types of innovation, but also because of their role in the United States national security strategy. In this paper, we look into which entities in China, the European Union and the US innovate at the technology frontier in the three most important critical technologies – artificial intelligence, quantum computing and semiconductors – based on identification of the most radical novel patents in these technologies and their subsectors. Working with these pathbreaking patents, we look into the origin of the companies that file the largest numbers of them. US innovators dominate the innovation frontier for quantum computing and, to a lesser extent, AI, with Chinese innovators doing better in semiconductors. European innovators lag in all, but perform relatively better in quantum computing, in which they rank similarly to Chinese innovators. Furthermore, the innovation ecosystem is quite different across geographies. In the US, tech companies top the rankings of critical novelties and are highly concentrated: as many as three companies are in the top rankings of all of the three critical technologies. Frontier innovators in the field in which the EU competes most equally – quantum – are mostly research centres and not companies. China lies somewhat in between in all three domains.
Topic:: Science and Technology, European Union, Innovation, Artificial Intelligence, Semiconductors, and Quantum Computing
Political Geography:: China, Europe, Asia, and United States of America

24. How can Europe’s nuclear deterrence trilemma be resolved?

Author:: Andrea Gilli and Francesco Nicoli
Publication Date:: 06-2025
Content Type:: Working Paper
Institution:: Bruegel
Abstract:: The United States under President Donald Trump has adopted an ambiguous position on European security. Although no immediate risk of abandonment is apparent, European countries are rethinking their defence strategies in case the US declines to support them, or provides only partial support, in a crisis. This discussion is particularly sensitive in relation to nuclear weapons, the ultimate deterrent, for which European countries depend extensively on the United States. We argue that a possible future US withdrawal from European nuclear security will force European countries to face a policy trilemma. If they stick to the existing policy framework of no proliferation and no joint deterrence, they expose themselves to nuclear blackmail, should the US withdraw its external guarantee. If they want to protect themselves from nuclear blackmail, they must choose how to provide nuclear security: either collective nuclear security, which would compromise some national sovereignty, or independent provision by individual countries, leading to nuclear proliferation in Europe. Having established that uncontrolled proliferation is an inferior outcome to some form of joint deterrence, we identify four main alternatives: an extension of the Franco-British nuclear deterrent; an extension complemented by a jointly financed expansion of existing deterrence; the absorption of the French (and perhaps British) nuclear arsenals into a European arsenal; and the construction of a separate European submarine deterrent (with Europe using French or British technology or developing new technology). We also discuss briefly forms of non-nuclear deterrence, which however would likely be a complementary rather than a substitute for a nuclear deterrent. We compare these options using a set of parameters: strategic autonomy and credibility, changes to treaties (including non-proliferation), costs, capabilities and readiness. Our analysis shows that all options have advantages and disadvantages, but some are politically, financially and militarily more feasible.
Topic:: Security, Arms Control and Proliferation, Industrial Policy, Nuclear Weapons, Geopolitics, Macroeconomics, Deterrence, Transatlantic Relations, and Vulnerability
Political Geography:: Europe, North America, and United States of America

25. Evolving Partnerships: U.S. Alliances and the Pacific Islands

Author:: Grace Price
Publication Date:: 02-2025
Content Type:: Working Paper
Institution:: Project 2049 Institute
Abstract:: Pacific Island countries (PICs) have long attracted development and security assistance from the region’s traditional partner states—the United States, Japan, Australia, and New Zealand. However, the Pacific has received renewed attention from them as China actively vies for influence. Despite increased engagement, the PICs are still turning to China in pursuit of their development and security needs. This report will map out efforts the United States, Japan, Australia, and New Zealand are taking to increase influence, obstacles that are hindering effective cooperation in the Pacific, and recommendations for improving their collective engagement with the PICs.
Topic:: Security, Development, Partnerships, and Alliance
Political Geography:: North America, United States of America, and Pacific Islands

26. Charting a Path in the Uncharted Domain

Author:: Jennifer Hong Whetsell
Publication Date:: 12-2025
Content Type:: Working Paper
Institution:: Project 2049 Institute
Abstract:: The Republic of Korea (ROK, or South Korea) is rising as a prominent player in the space domain. The size of its space program makes its current position as an emerging space power even more impressive and promising. The United States, one of South Korea's closest political and defense allies, and South Korea share a considerable history in space cooperation since the late 1980s. Despite the long history of collaboration between the United States and South Korea, fundamental differences have slowed their progress toward a deeper and more meaningful cooperation in this domain. As space becomes an integral aspect of national security and a coveted frontier for scientific endeavor and exploration, the two capitals have much to gain through enhanced cooperation. “Charting a Path in the Uncharted Domain” examines the landscape of South Korea’s space ecosystem and provides a broad overview of its accomplishments and challenges in the space domain. It then highlights significant milestones of space cooperation between Washington and Seoul and analyzes the cooperative landscape, noting areas of differences and opportunities for enhanced cooperation. The paper then presents recommendations for U.S. and ROK policymakers to help overcome those barriers and strengthen their cooperation in the space domain.
Topic:: International Cooperation, Bilateral Relations, Alliance, and Space
Political Geography:: Asia, South Korea, and United States of America

27. The State of EU-US Digital and Energy Cooperation

Author:: Federica Marconi, Wolfgang Münchau, and Irene Paviotti
Publication Date:: 02-2024
Content Type:: Working Paper
Institution:: Istituto Affari Internazionali
Abstract:: In a time of rapid technological advancements and changing energy paradigms, the European Union and the United States are trying to coordinate their efforts to navigate the complexities of an ever-evolving landscape. Transatlantic dialogues and cooperative endeavours are key mechanisms for mitigating tensions and fostering a common assessment of the opportunities and risks arising from these advancements. Critical in this regard are the problems of governance emanating from technological development and its consequences in the digital sphere as well as the delicate balance between security, competitiveness and environmental targets in the energy dimension.
Topic:: Climate Change, International Cooperation, Political Economy, Governance, European Union, Transatlantic Relations, Digital Policy, and Energy
Political Geography:: Europe, North America, and United States of America

28. Transatlantic Tech Bridge: Digital Infrastructure and Subsea Cables, a US Perspective

Author:: Julia Tréhu and Megan Roberts
Publication Date:: 02-2024
Content Type:: Working Paper
Institution:: Istituto Affari Internazionali
Abstract:: The importance of digital infrastructure for global communication and connectivity is only growing. Within this varied sector, subsea cables play a central role in ensuring seamless internet traffic globally. What are the US’s strategic and economic interests in digital infrastructure, particularly subsea cables? Within the context of larger economic and geopolitical competition, US policy is multifaceted, from aiming to secure the physical security of infrastructure and guarding against espionage and technology leakage, to boosting economic competitiveness and supporting domestic firms. Overall, digital infrastructure, and undersea cables in particular, are a key element of a larger US strategy of outcompeting China. Although evaluations among allies of the relative threat posed by China and Chinese-owned digital infrastructure vary, broadly shared goals of resiliency, security, and increased connectivity mean there are potential areas for deeper EU-US cooperation, including partnerships with third countries, that align with their respective strategic visions and represent a solid base for further transatlantic coordination.
Topic:: International Political Economy, Infrastructure, Governance, Transatlantic Relations, and Digital Policy
Political Geography:: North America and United States of America

29. Transatlantic Cooperation on Semiconductors: A US Perspective

Author:: Julia Tréhu
Publication Date:: 02-2024
Content Type:: Working Paper
Institution:: Istituto Affari Internazionali
Abstract:: Semiconductors are essential for the global economy, but recent supply chain disruptions and geopolitical tensions have highlighted new risks, leading to new policy approaches. US semiconductor strategy centres around three objectives. First, the funding provided through the CHIPS and Science Act is part of a larger push to strengthen domestic industry and manufacturing. Second, the US seeks to deny strategic adversaries of key technology through export controls. And third, it aims to secure the supply chains for critical technologies. The European and American semiconductor sectors are already tightly intertwined, and further coordination has occurred through forums like the Trade and Technology Council. But challenges remain, including the risk of a subsidy race. Further transatlantic cooperation on key aspects of these new industrial policies can ensure the realisation of shared objectives for a more resilient semiconductor sector.
Topic:: Science and Technology, Economic Policy, Transatlantic Relations, Industry, and Semiconductors
Political Geography:: North America and United States of America

30. Freedom of Association as a Key Aspect of Human Capital Management

Author:: Lenore Palladino
Publication Date:: 01-2024
Content Type:: Working Paper
Institution:: Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:: Employee freedom of association— the right of workers to form and join organizations of their own choosing— is a fundamental human right that has been consistently disrespected by large U.S. employers (Economic Policy Institute 2019; International Labour Organization 2022). Freedom of association requires employers to refrain from discouraging employees’ right to organize but is routinely violated without meaningful penalty. In over forty percent of union election campaigns, employers face charges for violating employees’ right to organize—which does not include cases where no charges are filed (Economic Policy Institute 2019). The recent wave of well-known companies like Amazon and Starbucks blatantly engaging in practices to discourage their workers from forming unions has seen new challenges from the Biden National Labor Relations Board, but labor law in the United States does not adequately protect the right to freedom of association, and a change in political leadership could give companies carte blanche to override workers' rights (Clean Slate 2022). Companies can choose to establish corporate policies to respect employee freedom of association rights and can engage in behavior demonstrating their commitment to respecting this fundamental human right as part of their approach to Human Capital Management. This article focuses on two aspects of freedom of association as an aspect of Human Capital Management. The first is to examine what kinds of corporate policies exist to clarify corporate standards of conduct when employees are engaged in organizing activity. What kinds of policies focus on compliance with the minimal standards in U.S. labor law, and what policies comply with international norms as enshrined in ILO Conventions 87 and 98? The second prong of the article looks at negative ramifications for corporate value when companies do not respect workers' freedom of association and such behavior becomes public. What is the effect on customer attitudes, how is management behavior becoming increasingly visible, and what ramifications might this have for institutional investors?
Topic:: Political Economy, Employment, Human Capital, Labor Rights, Business Management, and Freedom of Association
Political Geography:: North America and United States of America

31. Factsheet: Hindu Swayamsewak Sangh (HSS)

Author:: Bridge Initiative Team
Publication Date:: 01-2024
Content Type:: Working Paper
Institution:: The Bridge Initiative, Georgetown University
Abstract:: Hindu Swayamsewak Sangh (HSS) is a right-wing Hindu non-profit organization registered in New Jersey. On its website, the group states its mission is “to organize a diverse and vibrant Hindu American society that can collectively address its challenges and contribute to the welfare of the world.” As of November 2023, HSS claims it has 220 Shakhas (branches) nationwide. HSS’s website venerates the early ideologues of Hindu nationalism, including those who praised Nazi Germany. Additionally, HSS has hosted prominent figures from the RSS, an Indian right-wing, Hindu nationalist, paramilitary volunteer organization.
Topic:: Far Right, Hindu Nationalism, and Hindu Swayamsewak Sangh (HSS)
Political Geography:: India, North America, and United States of America

32. Power and Financial Interdependence

Author:: Brad Setser
Publication Date:: 05-2024
Content Type:: Working Paper
Institution:: Institut français des relations internationales (IFRI)
Abstract:: The link between financial self-reliance and geopolitical power has long been debated. The unbalanced Sino-American trade relationship has created asymmetric financial ties which generate potential sources of leverage for both parties and will not quickly disappear. Absent a clarifying major crisis, it will be difficult to definitively determine which party has greater leverage. Many in the United States (US) are concerned about indebtedness to its primary strategic rival, and the risks posed by a sudden Chinese withdrawal from US financial markets. US policymakers actively sought to encourage China’s top leadership not to withdraw financing from the market for US Agency securities in the run-up to the global financial crisis. Yet China also sees risks in this unbalanced financial relationship. Chinese policymakers have expressed concern about the domestic political consequences of losses on either their Treasury or Agency holdings and actively have sought to diversify China’s reserves – including by substituting the risk of lending to developing economies for the visibility associated with large holdings of Treasuries in US custodians. China increasingly worries that its dollar holdings and the dollar’s global role increase its vulnerability to potential financial sanctions. Both parties thus worry about the possibility that financial interdependence can be weaponized yet find it hard to extricate themselves from the inevitability of financial interdependence absent a clean break from an entrenched pattern of trade imbalances.
Topic:: International Trade and Finance, Bilateral Relations, Finance, and Interdependence
Political Geography:: China, Asia, North America, and United States of America

33. The Future of Nuclear Proliferation after the War in Ukraine

Author:: Nicholas L. Miller
Publication Date:: 04-2024
Content Type:: Working Paper
Institution:: Institut français des relations internationales (IFRI)
Abstract:: In the context of deep changes to the international security environment, especially the war in Ukraine, the risks of nuclear proliferation seem quite high, especially in the Middle East and East Asia. Four categories of factors have been identified that might trigger an escalation. Firstly, changes in the international security environment, including heightened competition among major powers, could increase pressure for proliferation in regions like Europe, Asia, and the Middle East. Secondly, the declining ability of the United States to enforce non-proliferation regimes may lead allies to seek nuclear capabilities due to concerns over U.S. reliability. Thirdly, failures by nuclear powers to uphold disarmament commitments and the emergence of the Treaty on the Prohibition of Nuclear Weapons could undermine non-proliferation norms. Lastly, the war in Ukraine highlights the potential use of nuclear threats in conflicts, reinforcing the perception of nuclear weapons as crucial for national security. While there are reasons to anticipate growing proliferation risks, historical precedent suggests that these risks can be managed. Concerns over U.S. reliability and disarmament failures have been addressed through coercion and reassurance in the past. Additionally, the impact of conventional wars supported by nuclear deterrence has been contained. While some risk factors are novel, such as the decline of the U.S. nuclear industry and the emergence of the Treaty on the Prohibition of Nuclear Weapons, their decisive impact remains uncertain. The implications for the Middle East and East Asia vary. Allies like Japan and South Korea may be convinced to remain non-nuclear due to U.S. security assurances, while adversaries like Iran could be incentivized to pursue nuclear capabilities amid declining effectiveness of U.S. sanctions. If Iran acquires nuclear weapons, it may pressure Saudi Arabia to follow suit, potentially leading to regional proliferation dynamics. Thus, great powers and the international community need to step in to manage proliferation triggers by maintaining a focus on nonproliferation in their statecraft.
Topic:: Arms Control and Proliferation, Nuclear Weapons, International Security, Deterrence, and Russia-Ukraine War
Political Geography:: Russia, South Korea, Saudi Arabia, and United States of America

34. Climate action: Implications for factor market reallocation

Author:: Robert Z. Lawrence
Publication Date:: 01-2024
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics (PIIE)
Abstract:: This paper considers climate policies, not from the perspective of their environmental impacts, but rather their likely effects on labor and investments. While the aggregate impact of the green transition on jobs and investment may be modest, it will require significant reallocation of labor and capital within and across industries. Although the green transition brings new opportunities for employment and investment in renewable technologies, many workers and communities tied to the fossil fuel industry may not benefit from these advances due to skills mismatch and geographic constraints. Both the United States and the European Union acknowledge the importance of achieving “climate justice” and “leaving no one behind” in their decarbonization efforts. However, current policies and resources in the United States may fall short, with inadequate assistance reaching too many communities and a narrow focus on green jobs. In Europe, while the Just Transition Fund complements existing programs, effective implementation of place-based policies remains challenging due to the need for specific, localized responses.
Topic:: Climate Change, Environment, Labor Issues, European Union, and Energy
Political Geography:: North America and United States of America

35. The effect of lawful crossing on unlawful crossing at the US southwest border

Author:: Michael A. Clemens
Publication Date:: 04-2024
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics (PIIE)
Abstract:: An increasing number of migrants attempt to cross the US Southwest border without obtaining a visa or any other prior authorization. 2.5 million migrants did so in 2023. In recent years, responding to this influx, US officials have expanded lawful channels for a limited number of these migrants to cross the border, but only at official ports of entry. These expanded lawful channels were intended to divert migrants away from crossing between ports of entry, by foot or across rivers, thereby reducing unlawful crossings. On the other hand, some have argued that expanding lawful entry would encourage more migrants to cross unlawfully. This study seeks to shed light on that debate by assessing the net effect of lawful channels on unlawful crossings. It considers almost 11 million migrants (men, women, and children) encountered at the border crossing the border without prior permission or authorization. Using statistical methods designed to distinguish causation from simple correlation, it finds that a policy of expanding lawful channels to cross the border by 10 percent in a given month causes a net reduction of about 3 percent in unlawful crossings several months later. Fluctuations in the constraints on lawful crossings can explain roughly 9 percent of the month-to-month variation in unlawful crossings. The data thus suggest that policies expanding access to lawful crossing can serve as a partial but substantial deterrent to unlawful crossing and that expanding access can serve as an important tool for more secure and regulated borders.
Topic:: Security, Migration, and Borders
Political Geography:: North America, Mexico, and United States of America

36. The Evolving Landscape of U.S. Economic Security: The Confluence of Trade, Technology, and National Security

Author:: Andrea Viski
Publication Date:: 01-2024
Content Type:: Working Paper
Institution:: Korea Economic Institute of America (KEI)
Abstract:: This paper examines the current evolution of U.S. economic security discourse to demonstrate the implications, challenges, and shortcomings of U.S. economic security tools and the catalyzing impact of technology. While component economic security considerations are broad and encompass issues from natural disaster planning to cybersecurity, this paper focuses specifically on the impact of trade and technology in the economic security context. It discusses the main influences and features of U.S. economic security policy as it relates to trade, technology, and the security of the supply chain. The paper includes sections on evolving notions of the dual-use concept; the need to manage and respond to technology flows with more effective strategies, and new foreign policy efforts and tools to strengthen economic security. The paper focuses on the trends forging the path for the United States to define economic security so closely with national security, and in exploring these trends, it delineates how the United States has implemented policies and adopted, reoriented, or created new policy tools designed to strengthen economic security. The paper also explores why the rapid evolution of emerging technologies has played such a defining role. Finally, the paper examines the effectiveness of the U.S. approach to economic security and its challenges and offers insights into how it can be strengthened in the future
Topic:: National Security, Science and Technology, Trade, and Economic Security
Political Geography:: North America and United States of America

37. Is Economic Security National Security? Defining South Korea’s Economic Security for Future Industries

Author:: June Park
Publication Date:: 01-2024
Content Type:: Working Paper
Institution:: Korea Economic Institute of America (KEI)
Abstract:: This paper explores how South Korea defines “economic security.” Amidst geopolitical turbulence, the framing of this concept by governments and policy circles around the globe is reflective of the changes in the global economy post-pandemic and the ongoing war in Ukraine, two critical junctures that have revealed the geo-economic impact of weaponized interdependence. While the Biden administration has laid out U.S. policy intent to combine national security with economic security, specifically on future industries of dual-use nature ranging from chips to EVs, batteries, and generative AI, countries that are on the receiving end of policy implementation are formulating their response to the shifting geoeconomics. This paper unravels South Korea’s framing of economic security and policy response by analyzing legislation on future industries that is critical to the country’s economic growth and standing and the concerted efforts by the state bureaucracy and industry in shaping the concept. The paper draws specifically upon semiconductors in addition to other future industries that are central to the South Korean economy and related legislation in the South Korean National Assembly. It argues that South Korea’s policy response and framing of its economic security has more to do with the protection of industries for the future amid geopolitical turbulence and the reshuffling of global supply chains than traditional security issues related to the U.S.-ROK alliance. Moreover, public anxiety on the pressures toward U.S.-driven trilateral cooperation reveals concerns on a possible backlash from China and the lagging potential of Japan in future industries.
Topic:: National Security, Geopolitics, Industry, and Economic Security
Political Geography:: Asia, South Korea, and United States of America

38. South Korea: Caught in the Crosshairs of U.S.−China Competition Over Semiconductors

Author:: Paul Triolo
Publication Date:: 01-2024
Content Type:: Working Paper
Institution:: Korea Economic Institute of America (KEI)
Abstract:: This paper explores how countries with advanced semiconductor industries are caught in the middle of the growing U.S.-China competition in technology that is focused on advanced computing. Among them, South Korea and its national champions, Samsung and SK Hynix, have arguably incurred some of the most significant pressure. This paper explores how those firms have billions of dollars of sunk investment in China-based facilities producing cutting-edge memory, and the future of these facilities remains in doubt after a series of U.S. export control measures unleashed by the U.S. Commerce Department starting in October 2022. South Korean companies are also players in other parts of the global semiconductor supply chain, including semiconductor manufacturing tools, and China remains an important market for both components and electronic devices. This paper argues that each country caught between the United States and China in technology competition faces difficult trade-offs in determining how best to support its leading companies while navigating changing and often what is viewed as arbitrary decisions coming from Washington that have already significantly disrupted global supply chains. Finally, at the same time as U.S. export controls are having a major impact on the ability of South Korean companies to retain business operations and market access in China, major front-end manufacturers, particularly Samsung, are also looking to expand their operations in the United States and benefit from U.S. CHIPS Act funding. This paper argues that all of the above dynamics put South Korea in one of the more complex positions as the industry faces continued restructuring, buffeted by both export controls and industrial policies.
Topic:: Supply Chains, Economic Security, Semiconductors, and Economic Competition
Political Geography:: China, Asia, South Korea, and United States of America

39. Economic Security and U.S.-China Competition: The View from North Korea

Author:: Rachel Minyoung Lee
Publication Date:: 01-2024
Content Type:: Working Paper
Institution:: Korea Economic Institute of America (KEI)
Abstract:: This paper argues that while North Korea does not discuss “economic security” in domestic contexts or have an established definition of the term, it thoroughly understands that the economy and national security are inseparable. North Korea is essentially unaffected by the typical economic issues that many major economies are grappling with in relation to economic security, but like other countries, it has closely tracked economic security developments and deepening U.S.-China strategic competition for potential political fallout and what opportunities and challenges that may generate. The paper shows that U.S.-China strategic competition has offered unique opportunities to North Korea, including China’s cover against fresh and existing sanctions against North Korea, and economic assistance. Moreover, deteriorating U.S.-China ties provide Pyongyang extra space to consider and put into motion alternative foreign and economic policy paths, namely, shifting away from its three-decade policy of nonalignment with China and normalization of relations with the United States. Also, China appears to be a factor in North Korea’s shift to a more conservative economic policy. Despite the opportunities presented by the U.S.-China divide, however, North Korea is wary of the risks of dependence on China and has tried to build economic resilience at home, for example by launching a national campaign on domestic production and recycling. North Korea’s somewhat cooler handling of China and its proportionately warm treatment of Russia since the Armistice Day celebrations in July is a clear example of North Korea’s China dilemma. This is where North Korea’s recent strengthening of ties with Russia comes into the picture. The paper contends that it is hard to conclude at this point whether North Korea’s moves are aimed at short-term, tactical gains or are part of a longer-term, strategic calculus, but we can be certain of this: it has just as much to gain or lose as any other country affected by economic security and U.S.-China strategic competition, though not in the same ways as other countries.
Topic:: Foreign Policy, Strategic Competition, and Economic Security
Political Geography:: China, Asia, North Korea, and United States of America

40. Illusion or Reality: A Recontextualized Perspective of ‘the American Dream’ in Imbolo Mbue’s Behold the Dreamers

Author:: Elizabeth Adesunmbo Omotayo
Publication Date:: 03-2024
Content Type:: Working Paper
Institution:: Ìrìnkèrindò: a Journal of African Migration
Abstract:: ‘The American Dream’ motif is one that has been deployed in productions of American literary icons for centuries with different outcomes for the characters portrayed. Despite a plethora of fiction being devoted to the motif from African migrants’ perspective, not many studies have explored the actualization of the Dream by characters in such texts. In Behold the Dreamers (2016), Imbolo Mbue presents the lived experiences of new African diasporans. This study looks at the outcomes of the quest for ‘the Dream’ by Mbue’s characters, through a mimetic reading of her novel and based on Harold Bloom’s notion of ‘Party of Hope’ and ‘the American Nightmare’ as exemplified in the treatments of the Dream motif by several writers. Mbue, while presenting the paradoxical notions of illusion and reality of the Dream, also portrays struggles by both citizens and migrants, to achieve the tangible and intangible of its ideals. Findings reveal that essentialization and discrimination inhibit the attainment of the Dream by many African migrants; that the attainment of college education is a huge factor in the realization of the tangible of its ideals, while the attainment of the intangible seems illusory for many migrants. The conclusion is that several factors prevent the realization of the Dream by many contemporary African migrants.
Topic:: Migration, Immigration, Literary Analysis, American Dream, and Motif
Political Geography:: Africa and United States of America

41. Global supply chains: lessons from a decade of disruption

Author:: Luca Léry Moffat and Niclas Poitiers
Publication Date:: 03-2024
Content Type:: Working Paper
Institution:: Bruegel
Abstract:: This paper explores both the character and impact of three recent shocks to global supply chains: the COVID-19 pandemic, the Russian invasion of Ukraine and the US-China trade war. These were large shocks which have had significant impacts on domestic and international supply chains, but these impacts have differed in their longevity, economic impact and policy responses. We show that supply chains were remarkably resilient against shocks of such magnitude. However, this resilience was also achieved thanks to the equally remarkable size and scope of policy responses and global supply chain reorganisation. We recommend that pre-emptive policies may be justified to shield households and industry from future shocks. Given the entangled nature of these shocks and that their effects continue to reverberate, we emphasise the need for extensive future research to understand the nature of these shocks and the effectiveness of policy responses.
Topic:: Global Markets, Trade Wars, Trade, COVID-19, Supply Chains, and Russia-Ukraine War
Political Geography:: China, Global Focus, and United States of America

42. Triffin Reloaded: The Matrix of Contradictions around Global Quasi-State Money

Author:: Herman Mark Schwartz
Publication Date:: 03-2024
Content Type:: Working Paper
Institution:: Max Planck Institute for the Study of Societies
Abstract:: What explains the US dollar’s role in the global economy and the tensions affecting its likely persistence? Most analyses start from Triffin’s dilemma, which accurately captured specific but partial tensions of a global monetary system based on essentially fixed exchange rates, gold backing for its core currency, and relatively robust capital controls. Triffin’s approach, and those based on it, struggles to explain the tensions in a system with floating exchange rates and fiat money, because Triffin and successors assume a commodity theory of money, a loanable funds model for credit creation, and the “triple coincidence” of monetary, legal, and economic zones. Approaching the question from different premises – chartalist money, endogenous credit creation, and interlocked global balance sheets – enables us to see four factors behind the antinomies or dilemmas that structure the dynamics and durability of US dollar centrality. Those four factors are adequate credit creation and thus global aggregate demand growth, current account deficits for the core, domestic legitimacy in major economies, and the dollar’s status as global quasi-state money.
Topic:: Debt, Money, Currency, Power, Financial Systems, Geoeconomics, and Reserves
Political Geography:: Global Focus and United States of America

43. Operationalizing the Chain of Harm: Co-design Workshop Guidance

Author:: Lisa Reppell and Matt Bailey
Publication Date:: 01-2024
Content Type:: Working Paper
Institution:: International Foundation for Electoral Systems (IFES)
Abstract:: The methodological notes below provide guidance for the implementation of the International Foundation for Electoral System's (IFES's) Chain of Harm to enhance the responsiveness of information integrity programming to the needs and unique circumstances of traditionally marginalized communities. Organizations within the democratic, rights, and governance (DRG) community of practice will be able to consult these notes to replicate, build, and design programming. By following the recommendations outlined in this resource, organizations can plan and execute primary source research on information integrity issues, effectively facilitate program design workshops with relevant local partners, and implement and track new, research-based program interventions. This resource builds on and complements the methodology outlined in IFES's publication, The Chain of Harm: Designing Evidence-based, Locally Led Information Integrity Programming. It begins by describing how to collect the primary research that serves as the foundation of programming through surveys and focus group discussions. Guidance for practitioners to facilitate the Co-design Workshop follows before turning to best practices for program implementation and monitoring and evaluation. As the Chain of Harm centers the perspectives of traditionally marginalized groups, accessibility guidance is included in line with this ethos. This practical use guide is derived from IFES data collected during two pilot implementations of the Chain of Harm in Iraq and Guyana between 2021 and 2023 with support from the U.S. Department of State's Bureau of Democracy, Human Rights, and Labor. In both countries, IFES' Center for Applied Research and Learning implemented the approach in close collaboration with local partners. While these methodological notes may often reference collaborations between international and local partners, a local organization implementing directly may also leverage such an approach.
Topic:: Elections, Democracy, and Information Integrity
Political Geography:: Iraq, Guyana, and United States of America

44. The New Cold War Is Sending Tremors through Northeast Asia

Author:: Tricontinental: Institute for Social Research
Publication Date:: 05-2024
Content Type:: Working Paper
Institution:: Tricontinental: Institute for Social Research
Abstract:: This dossier looks at how the US-led New Cold War against China is destabilising Northeast Asia, focusing on the Korean Peninsula, Taiwan Strait, and Japan.
Topic:: Foreign Policy, Geopolitics, Strategic Competition, Destabilization, and Post-Cold War
Political Geography:: Japan, China, Taiwan, Asia, Korea, and United States of America

45. Competing Values Will Shape US-China AI Race

Author:: Valerie Shen and Jim Kessler
Publication Date:: 07-2024
Content Type:: Working Paper
Institution:: Third Way
Abstract:: President Biden’s AI executive order reflects a set of values recognizable to all Americans: Privacy, equal treatment and civil rights; free speech and expression; the rule of law; opportunity and free market capitalism; pluralism; and advancement of global leadership as the beacon of a free world. President Xi Jinping’s government has also issued AI regulations with values recognizable to China: Collectivism and obedience to authority; social harmony and homogeneity; market authoritarianism and rule of state; and digital world hegemony to restore China’s rightful place as the Middle Kingdom. The United States and China may share similar broad goals for “winning” AI along the lines of leading innovation and advancement, spurring broad-based economic growth and prosperity, achieving domestic social stability, and becoming the clear global influencer for the rest of the world—but they define those goals and seek to achieve those ends through very different values. Those values embedded in our respective AI policies and underlying technology carry high-stakes, long-term national and economic security implications as US and Chinese companies compete directly to become dominant in emerging global markets. They also share similar fears that reflect each country’s values. China worries that AI could cause social unrest if information to a sheltered population is too real and unfiltered. America fears that AI could cause social unrest if information Americans receive is too fake. And that massive disinformation and algorithms that rile the population could threaten our democratic system. Why do these value differences matter when it comes to the AI race? Below, we outline six contrasting values that we believe will be the most determinative in how the US-China AI competition plays out. We argue that understanding our different values-based approaches illuminates our respective advantages and disadvantages in this competition. It assesses who is currently set up to “win” across key metrics and determines how to lean into our democratic advantages or mitigate some practical disadvantages compared with the PRC, this will ultimately win the AI marathon.
Topic:: Science and Technology, Artificial Intelligence, and Strategic Competition
Political Geography:: China, Asia, North America, and United States of America

46. Asset Price Changes, External Wealth and Global Welfare

Author:: Timothy Meyer
Publication Date:: 02-2024
Content Type:: Working Paper
Institution:: Kiel Institute for the World Economy (IfW)
Abstract:: U.S. equity outperformance and sustained dollar appreciation have led to large valuation gains for the rest of the world on the U.S. external position. The author constructs their global distribution, carefully accounting for the role of tax havens. Valuation gains are concentrated and large in developed countries, while developing countries have been mostly bypassed. To assess the welfare implications of these capital gains, the author adopts a sufficient statistics approach. In contrast to the large wealth changes, most countries so far did not benefit much in welfare terms. This is because they did not rebalance their portfolios and realize their gains, while they were further hurt by rising import prices from the strong dollar.
Topic:: Globalization, Financial Markets, Currency, Valuation, and Foreign Assets
Political Geography:: North America and United States of America

47. Mild Deglobalization: Foreign Investment Screening and Cross-Border Investment

Author:: Vera Z. Eichenauer and Feicheng Wang
Publication Date:: 03-2024
Content Type:: Working Paper
Institution:: Kiel Institute for the World Economy (IfW)
Abstract:: Openness to foreign investments is associated with risks. To mitigate these risks, many high-income countries have strengthened the control of foreign investments over the last decade in an increasing number of sectors considered critical. Investment screening distorts the market for cross-border investments in controlled sectors, which might lead to unintended economic effects. This is the first cross-country panel study to examine the economic effects of investment screening mechanisms. We combine deal-level data on cross-border mergers and acquisitions (M&A) for the period 2007–2022 with information on sectoral investment screening. Using a staggered triple difference design, we estimate a reduction of 11.7 to 16.0 percent in the number of M&A in a newly screened sector. The effects are driven by minority acquisitions and deals involving a foreign government or state-owned enterprises or US firms as investors. There is no reduction in the number of deals within the EU/EFTA, most of which are not subject to screening. The findings call policymakers’ attention to weighing the benefits of national security and the economic costs of introducing investment screening.
Topic:: Globalization, International Trade and Finance, National Security, Foreign Direct Investment, Investment, Geoeconomics, Global Capital Allocation, and Deglobalization
Political Geography:: China, Europe, and United States of America

48. Mapping Fragility – Functions of Wealth and Social Classes in US Household Finance

Author:: Orsola Costantini and Carlo D'Ippoliti
Publication Date:: 01-2024
Content Type:: Working Paper
Institution:: Institute for New Economic Thinking (INET)
Abstract:: Which households are more exposed to financial risk and to what extent is their debt systemically relevant? To provide an answer, we advance a new classification of the population, adapted from Fessler and Schürz (2017), based on the type of wealth families own and their sources of income. Then, we investigate data from eleven waves of the Survey of Consumer Finances (SCF), a triennial survey run by the U.S. Federal Reserve, to explore the association of different debt configurations and motives to get into debt with our class distinctions. Our new approach allows us to assess competing hypotheses about debt and financial vulnerability that have so far been analyzed separately in disconnected strands of literature. The results of our study reinforce and qualify the controversial hypothesis that relative poverty and inequality of income and access to services have been important factors explaining household indebtedness and its relationship with economic growth over time.
Topic:: Debt, Poverty, Inequality, Finance, Fragility, and Income Distribution
Political Geography:: North America and United States of America

49. Labor Market Volatility and Worker Financial Wellbeing: An Occupational and Gender Perspective

Author:: Julie Yixia Cai
Publication Date:: 01-2024
Content Type:: Working Paper
Institution:: Institute for New Economic Thinking (INET)
Abstract:: One emerging but underexplored factor that is likely to contribute to group racial earnings disparity is unstable work schedules. This is often detrimental for hourly workers when volatility is frequent, involuntary, or unanticipated. Using data from 2005-2022 monthly Current Population Survey and its panel design, this study follows a group of hourly workers across a four-month period to assess whether labor market volatility relates to their financial well-being, focusing on low-wage care and service occupations as well as female workers and workers of color. The findings are threefold: In general, during economic expansion periods, nonwhite workers often benefit more in terms of wage growth compared to their white counterparts. Second, net of other characteristics, on average, greater volatility is associated with lower earnings, and this is mostly driven by those holding jobs in low-wage service sectors and healthcare support roles. Last, the earnings consequences of volatility vary significantly by the type of low-wage jobs a worker holds and their gender and race, but this is only true when volatility happens in a job. Specifically, when working within the same employment spell, female workers, particularly those of color and those working in low-wage service and care jobs, earn significantly less when facing greater volatility than their male counterparts or those working in non-service, non-care occupations.
Topic:: Economics, Inequality, Finance, Labor Market, and Gender
Political Geography:: Global Focus and United States of America

50. Considering Returns on Federal Investment in the Negotiated “Maximum Fair Price” of Drugs Under the Inflation Reduction Act: an Analysis

Author:: Edward W. Zhou, Paula G. da Silva, Debbie Quijada, and Fred D. Ledley
Publication Date:: 03-2024
Content Type:: Working Paper
Institution:: Institute for New Economic Thinking (INET)
Abstract:: The Inflation Reduction Act (IRA) of 2022 contained landmark provisions authorizing government to negotiate a “maximum fair price” for selected Medicare Part D drugs considering the manufacturer’s research and development costs, federal support for discovery and development, the extent to which the drugs address unmet medical needs, and other factors. This working paper describes federal investment in the discovery and development of the ten drugs selected for price negotiation in the first year of the IRA as well as the health value created through Medicare Part D spending on these drugs. We identified $11.7 billion in NIH funding for basic or applied research leading to approval of these drugs with median investment costs of $895.4 million/drug. This early public investment provided a median cost savings to industry of $1,485 million/drug, comparable to reported levels of investment by industry. From 2017-2021, Medicare Part D spent $126.4 billion (median $10.7 billion) for these products before rebates. Excluding two products for diabetes, Medicare Part D spending was $97.4 billion and the total health value created was 650,940 QALYs or $67.7 billion (WTP/QALY=$104K) representing a negative residual health value of -$29.7 billion (before rebates). We argue that a negotiated fair price should provide returns on both private and public investments in these products commensurate with the scale and risk of these investments, with the principal return on public sector investments being the residual health value (net price) accruing to those using the product. These empirical data provide a cost basis for negotiating a fair price that rewards early government investments in innovation and provides social value for the public.
Topic:: Economics, Health, Public Health, Pharmaceuticals, and Public Investment
Political Geography:: North America and United States of America

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COLUMBIA UNIVERSITY PRESS