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1. Will economic statecraft threaten western currency dominance? Sanctions, geopolitics, and the global monetary order

Author:
Carla Norrlof
Publication Date:
09-2022
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
The return of great power rivalry is stoking renewed fears of weakening Western currency dominance. Financial sanctions are becoming the preferred economic tool for accomplishing geopolitical goals. These instruments are especially popular with the United States and Europe. In response, rival great powers, notably China and Russia, are diversifying away from Western currencies and developing counterstrategies to maintain economic and foreign policy autonomy. As other countries are hit by increasingly punishing Western sanctions, the incentive to join Russia and China’s alternative international monetary order increases. New analysis, published in this report, shows early signs that some countries may be trying to diversify away from the dollar. A growing circle of countries attempting to evade the Western-centric financial and currency order may over time erode the dollar and the euro’s sizeable lead, though will likely fall well short of ending their global dominance. This report analyzes these trends and quantifies the extent of reserve diversification following Russia’s 2022 war on Ukraine. It also assesses the polarity of the international currency order since the onset of the euro in 2002. Reserve diversification out of the dollar, and into the euro, has been modest, though Chinese renminbi reserves grew after Russia’s February offensive in Ukraine. Dollar unipolarity declined acutely in 2017 as the number of countries sanctioned by the United States increased and the US President Donald J. Trump threatened to revoke alliance commitments. Using economic statecraft while retaining global economic influence will require the United States to keep its economic house in order and allies close, if the current unipolar currency order is to survive.
Topic:
Economics, Monetary Policy, Sanctions, and Geopolitics
Political Geography:
China, Europe, and Asia

2. Biden and Belarus: A strategy for the new administration

Author:
Anders Åslund, Melinda Haring, John Herbst, and Alexander Vershbow
Publication Date:
01-2021
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
United States President Joseph R. Biden Jr. has an historic opportunity to bring Europe together and reverse the tide of dictatorship by building an international coalition to support democracy in Belarus. In 2020, Belarusians unexpectedly called Alyaksandr Lukashenka’s legitimacy into question in the country’s August presidential election. Lukashenka brazenly rigged the results, claiming that he took 80 percent of the vote, but neither the United States nor the European Union (EU) recognizes his victory. A months-long protest movement has coalesced that demands new elections under the supervision of the international community. Recent years have seen no better chance for US leadership to facilitate lasting positive change in Europe than the crisis in Belarus. But how to secure democratic change in Belarus is not simple given internal resistance and Moscow’s determination to prevent another “color revolution.” Lukashenka is likely finished, unable to restore any authority or legitimacy. But he is seeking to hang on despite Moscow’s efforts to arrange a pliable replacement who would preserve Minsk’s pro-Russian orientation. Managing Moscow’s efforts to prevent an aroused citizenry from choosing their own leader is no easy task. Russia remains the key geopolitical player in Belarus, often plays the long game, and may be willing to countenance military options that the United States cannot. Perhaps the key fact is that Belarusians have made it amply clear that they want accountable leaders that they can choose and dismiss for themselves. More than thirty thousand peaceful protesters have been detained since August, more than three hundred and fifty police officers have defected, and ordinary Belarusians are no longer afraid to voice their opposition to the regime. Kremlin support for the ongoing repression risks turning the Belarusian people—historically friendly toward Russia—in a pro-European direction. These changes in Belarus are something that Moscow cannot ignore, and the United States and its allies must nourish and strengthen them in consistent ways that avoid and deter a Kremlin overreaction. Biden, with his long experience promoting US values and interests and his determination to strengthen transatlantic relations, is ideally situated to promote clear support for the people of Belarus that does not directly challenge Moscow’s security interests.
Topic:
Economics, Human Rights, Sanctions, and Democracy
Political Geography:
Europe, Belarus, and United States of America

3. Hong Kong’s future on edge: Countering China’s national security law

Author:
Ash Jain, Joel Kesselbrenner, and Peter Mattis
Publication Date:
06-2021
Content Type:
Special Report
Institution:
Atlantic Council
Abstract:
Over the past seventy-five years, the United States and its allies have constructed and defended a rules-based international system that has provided unprecedented levels of peace, prosperity, and freedom. In recent years, the system has come under increasing strain, as a new era of great power competition has emerged. Despite hopes that China would become a “responsible stakeholder” in a rules-based system, Beijing has grown increasingly assertive, especially under President Xi Jinping. Beijing’s more confrontational path poses a significant challenge to a rules-based system. The challenge presented by China is particularly acute in the context of Hong Kong, where the Chinese Communist Party (CCP) has brashly violated an international treaty and curtailed democratic institutions and human rights. As the world enters an era of strategic competition with China, Beijing’s actions in Hong Kong should be a priority for policymakers in the United States and allied countries. This report addresses the importance of Hong Kong within the context of China’s broader challenge to the rules-based system and offers recommendations for how the United States and its allies can prevent a further erosion of democracy in Hong Kong and, over time, seek to restore it. It suggests that the United States and its allies still have available a range of pragmatic policy tools that can can be used to exert pressure and impose meaningful costs on Beijing. These should be implemented as part of a broader, comprehensive strategy to prevent China from undermining the rules-based system in the security, economic, and governance domains. On June 30, 2020, the CCP imposed a sweeping new National Security Law on Hong Kong, effectively giving Beijing direct control over the autonomous territory. Since then, China has acted to erode Hong Kong’s liberal traditions, in violation of Beijing’s treaty commitments under the Sino-British Joint Declaration. The National Security Law has for all practical purposes outlawed democratic activism, organizing, and speech. Over the past year, Beijing has cracked down on Hong Kong’s democratic institutions and thrown the pro-democracy movement into disarray. Beijing’s crackdown in Hong Kong is aimed at achieving several objectives. First, China’s leaders seek to maintain the legitimacy of the CCP in the face of a pro-democracy movement that it fears could spread to the mainland. Second, they seek to advance the unification of China by harmonizing the cultural, social, and economic aspects of life across the country, including Hong Kong. Third, the CCP aims to achieve a comprehensive modernization of China, while retaining the Party’s leadership, including by reaping economic benefits from the Greater Bay Area Integration Plan. Finally, China’s crackdown is aimed at stemming the advance of a liberal, democratic world order by pushing back on democratic norms that it views as antithetical to the Party and a danger to its efforts to modernize China on its own terms.
Topic:
Diplomacy, Economics, Human Rights, Politics, Sanctions, and Business
Political Geography:
China, Asia, and Hong Kong

4. What Might the Kremlin's Setback Bring in 2015?

Author:
Elizabeth Pond
Publication Date:
01-2015
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
In the Ukraine crisis, soft economic power last month trumped hard military power for the first time. The threatened meltdown of the Russian economy could push Russian President Vladimir Putin to dial down his undeclared war on Ukraine in return for some easing of Western financial sanctions. Still, that is not assured.
Topic:
Economics and Bilateral Relations
Political Geography:
Russia and Ukraine

5. Reviving Ukraine’s Private Sector: How US Leadership Can Yield Benefits

Author:
Robert Monyak
Publication Date:
07-2015
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Ukraine's economy is flagging. But a Ukrainian economy, integrated with the rest of Europe and by extension, the world economy, is essential for the country's political stability and its ability to withstand Russian aggression. While the international community is yet to develop a large-scale macro-economic assistance program on the order of the Marshall Plan, the US government can utilize existing programming through its development agencies to provide an immediate positive jolt to the private sector economy in Ukraine.
Topic:
Economics and Self Determination
Political Geography:
Ukraine

6. Tunisia: The Last Arab Spring Country

Author:
Mohsin Khan and Karim Merzan
Publication Date:
10-2015
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The Norwegian Nobel Committee awarded the Tunisian National Dialogue Quartet, a civil society group comprising the Tunisian General Labor Union; the Tunisian Union of Industry, Trade, and Handicrafts; the Tunisian Human Rights League; and the Tunisian Order of Lawyers the 2015 Nobel Peace Prize on Friday, October 9, 2015 "for its decisive contribution to the building of a pluralistic democracy in Tunisia." In a new Atlantic Council Issue Brief, "Tunisia: The Last Arab Spring Country," Atlantic Council Rafik Hariri Center for the Middle East Senior Fellows Mohsin Khan and Karim Mezran survey the successes of Tunisia's consensus-based transition and the challenges that lie ahead. "The decision to award this year's Nobel Peace Prize to Tunisia's National Dialogue Quartet is an extremely important recognition of the efforts made by Tunisian civil society and Tunisia's political elite to reach a consensus on keeping the country firmly on the path to democratization and transition to a pluralist system," says Mezran. With the overthrow of the authoritarian regime of President Zine El Abedine Ben Ali in 2011, Tunisia embarked on a process of democratization widely regarded as an example for transitions in the region. The National Dialogue Conference facilitated by the Quartet helped Tunisia avert the risk of plunging into civil war and paved the way for a consensus agreement on Tunisia's new constitution, adopted in January 2014. In the brief, the authors warn that despite political successes, Tunisia is hampered by the absence of economic reforms. Facing the loss of tourism and investment following two terror attacks, Tunisia's economy risks collapse, endangering all of the painstaking political progress gained thus far. Unless the Tunisian government moves rapidly to turn the economy around, Tunisia risks unraveling its fragile transition.
Topic:
Security, Democratization, Economics, Political Activism, and Reform
Political Geography:
Arab Countries and Tunisia

7. A Post-Sanctions Iran and the Eurasian Energy Architecture

Author:
Micha'el Tanchum
Publication Date:
09-2015
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
With the removal of international sanctions on Iran, different markets will have a great interest in importing Iranian gas. But which market will benefit the most? In A Post-Sanctions Iran and the Eurasian Energy Architecture, Micha'el Tanchum, a Nonresident Senior Fellow at the Atlantic Council's Global Energy Center and the Eurasian Energy Futures Initiative, argues that the lifting of the sanctions carries the potential to radically restructure the Eurasian energy architecture and, as a consequence, reshape Eurasian geopolitics. After Iran meets its domestic demand for natural gas, it will have the option to export gas to two of the following three markets: European Union/Turkey, India, or China. Iran will not have enough natural gas to supply all three of these major markets. The pattern of Iran's gas exports in the immediate post-sanctions period will shape the relationship between two competing orientations in the Eurasian energy architecture: a system of energy relationships reinforcing the EU's outreach to the Eastern Neighborhood alongside a system of energy relationships reinforcing China's OBOR integration project. A pivot to China will not be favorable to EU's and NATO's interests as it decreases Europe's energy security. By contrast, an expanded Southern Gas Corridor to Europe would promote the extension of Euro-Atlantic influence in Eurasia.
Topic:
Economics, Emerging Markets, Energy Policy, and Sanctions
Political Geography:
Iran and Eurasia

8. China's Evolving Role in Latin America: Can it Be a Win-Win?

Author:
Enrique Dussel Peters
Publication Date:
09-2015
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
Weeks before Chinese President Xi Jinping meets with President Barack Obama in Washington, the Atlantic Council's Latin America Center launched a new report that unravels the complexities of the Latin America-China relationship. Titled China's Evolving Role in Latin America: Can it Be a Win-Win?, the report provides five recommendations to help both China and Latin America usher in a mutually beneficial post-commodity-boom relationship. The key to long-term success will be to insure that the relationship promotes—rather than delays—economic growth and social progress in the hemisphere. In the report, renowned Mexico-based China Expert Enrique Dussel Peters, an Atlantic Coucil author and Professor at the Graduate School of Economics at the National Autonomous University of Mexico (UNAM), calls for a ratcheting up of strategic planning and multilateral support so the relation¬ship is a win-win for all parties, including the United States. A deep dive of the state of play is provided for five countries: Argentina, Brazil, Cuba, Mexico, and Venezuela. These countries illustrate the spectrum of ties with China, ranging from those with long and complex historical relation¬ships to those almost entirely structured around recent opportunities for economic cooperation.
Topic:
Diplomacy, Economics, and Bilateral Relations
Political Geography:
China and Latin America

9. Risk Nexus: Overcome by cyber risks? Economic benefits and costs of alternate cyber futures

Publication Date:
09-2015
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
In 2030, will the Internet and related information and communications technologies (ICTs) continue to drive global innovation and prosperity? Or will that bright promise be swamped by an unstable and insecure Internet, so overwhelmed by non-stop attacks that it has become an increasing drag on economic growth? The answers, as far as we can predict, are not promising and mean the difference in tens of trillions of dollars in global economic growth over the next fifteen years.
Topic:
Economics, Science and Technology, Communications, and Cybersecurity
Political Geography:
Global Focus

10. A Blueprint for a Comprehensive US Counterterrorism Strategy in Yemen

Author:
Danya Greenfield and Barbara K. Bodine
Publication Date:
10-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
With the rise of the Islamic State of Iraq and al-Sham (ISIS) and the explosion of violent conflicts from Tripoli to Gaza, the Middle East is looking more unstable and unpredictable than ever. While the focus in Washington is centered on jihadist extremists in Iraq and Syria at present, the threat from al-Qaeda in the Arabian Peninsula (AQAP) against the United States continues. Top al-Qaeda leadership in Yemen is hailing the territorial gains of ISIS in Iraq, and some al-Qaeda operatives are imitating ISIS' techniques such as public slaughters of those deemed infidels, prompting fears of cooperation between two of the most active Islamist militant networks. Recent aggression by the Houthi movement, a Zaydi Shia rebel militia, against state institutions and tribal opponents has opened a new front of instability and security vacuum that AQAP is all too ready to exploit. Inattention to the interconnected nature of tribal conflict, terrorist activity, poor governance, economic grievances and citizen discontent is proving to be a dangerous combination for both Yemen and the United States. The Yemeni context may seem far from the current focus on Baghdad and Damascus, but getting the US strategy right in Yemen will have consequences for regional stability and core US interests throughout the Arabian Peninsula and beyond.
Topic:
Conflict Prevention, Economics, Terrorism, Foreign Aid, Labor Issues, and Reform
Political Geography:
United States, Iraq, Arabia, and Syria

11. Avoiding the Blind Alley: China's Economic Overhaul and Its Global Implications

Author:
Daniel H. Rosen
Publication Date:
10-2014
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
PRESIDENT XI JINPING ANNOUNCED a sweeping overhaul for China's economy in November 2013, with pledges to make market forces decisive, treat homegrown and foreign investors with the same laws and regulations, and change the mission statement of the government. The reform program, known as the Decisions plan and presented at the Communist Party leadership's Third Plenum meeting, is comprehensive and marks a turning point in China's modern history. The degree of boldness also indicates that after 35 years of world-beating economic performance, China's development model is obsolete and in need of urgent, not gradual, replacement. To justify the risks, President Xi quoted an impassioned plea for policy modernization by his predecessor Deng Xiaoping: the only way to avoid a dead end – a blind alley – is to deepen reform and opening both at home and with the world.
Topic:
Economics, International Trade and Finance, Political Economy, and Reform
Political Geography:
China

12. Completing Europe – From the North-South Corridor to Energy, Transportation, and Telecommunications Union

Author:
Atlantic Council and CEEP
Publication Date:
11-2014
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
One of the greatest successes of our new century has been the progress made in unifying Europe. The accession of Central Europe's countries to the European Union (EU) has contributed to the end of division that wrought confrontations and conflicts. Yet this task is far from finished. Europe's economic woes, as well as new security challenges along the Union's eastern border add to the urgency of completing and consolidating the European integration project as part of our transatlantic vision of a Europe whole, free, and at peace.
Topic:
Economics, Energy Policy, Science and Technology, and Infrastructure
Political Geography:
Europe and Central Europe

13. The Economic Consequences of the Arab Spring

Author:
Mohsin Khan
Publication Date:
02-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The popular uprisings that swept the Middle East in early 2011 dramatically altered the political landscape of the region with the overthrow of autocratic regimes in Egypt, Libya, Tunisia, and Yemen. These uprisings gave hope to citizens that this was the beginning of a long-overdue process of democratic transition in the Arab world. The monarchies of Jordan and Morocco also went through profound political changes, even though the rulers maintained their power. While the promise of democracy in the Arab transition countries was seen as the driving force in the uprisings, economic issues were an equally important factor. The explosive combination of undemocratic regimes, corruption, high unemployment, and widening income and wealth inequalities all created the conditions for the uprisings. The citizens of these countries thus expected governments to simultaneously address their political and economic demands.
Topic:
Political Violence, Economics, International Trade and Finance, and International Monetary Fund
Political Geography:
Middle East, Libya, Yemen, Arabia, Egypt, Jordan, Morocco, and Tunisia

14. Egypt's Labor Dilemma

Author:
Mustansir Barma
Publication Date:
02-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
“Bread, freedom, and social justice,” is the familiar slogan chanted across the Middle East and North Africa since the Arab uprisings erupted in December 2010. Labor issues fit into this trifecta: bread is a symbol of earning a decent living, freedom is tied to worker rights such as assembly and industrial action, and social justice is linked to dignity derived from employment and better working conditions. Egyptian workers remain frustrated about the lack of progress in achieving the labor rights that are fundamental to this rallying cry.
Topic:
Economics, Labor Issues, and Food
Political Geography:
Middle East, Arabia, North Africa, and Egypt

15. The Hard Reality for International Climate Agreements in the United States

Author:
Bill Brownell and Scott Stone
Publication Date:
04-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The release of the second installment of the Intergovernmental Panel on Climate Change's Fifth Assessment Report on March 31, 2014, provoked the usual calls for urgent and immediate action in response to climate change, including in particular at the international level in the form of a new climate treaty built upon domestic regulatory regimes. Irrespective of whether these calls for action are overly strident or carefully measured, the law plays a central role. In almost any discussion, the breadth and stringency of national and sub-national regulations and the extent to which a treaty can make them “legally binding” assumes paramount importance. But this emphasis on law is misplaced, because it runs headlong into the hard reality that would confront any international climate agreement in the US Senate. And given the soaring use of coal around the world, it also draws attention and resources away from far more achievable opportunities to develop and deploy advanced coal technologies that would allow the world's most abundant, accessible, and affordable energy resource to meet critical energy needs in balance with each country's environmental, economic, and security priorities.
Topic:
Security, Climate Change, Economics, and Energy Policy
Political Geography:
United States and North America

16. NATO's Framework Nations: Capabilities for an Unpredictable World

Author:
Franklin D. Kramer
Publication Date:
04-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
As the Ukraine crisis demonstrates, in an unpredictable world, military capabilities can be a critical factor. The longstanding goals of the United States and its NATO allies have been to create a Europe whole and free, and globally to support such goals through collective defense, crisis management, and cooperative security. Ukraine raises the issue of how best to accomplish those ends. As part of the Ukraine response, there have been and will continue to be diplomatic, economic, and energy efforts. However, one key element will be to create more effective integrated capabilities that will support NATO's military tasks, and thus the values and goals that NATO represents.
Topic:
NATO, Diplomacy, and Economics
Political Geography:
United States, Europe, Ukraine, and North America

17. Turkish-Iranian Rapprochement and the Future of European and Asian Energy

Author:
Pinar Dost-Niyego and Orhan Taner
Publication Date:
04-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The recent events in Ukraine have revived the question of European dependence on Russian natural gas. The security of Europe's natural gas supply has been a consistently important issue in Russian-European Union (EU) relations. Russia provided 34 percent of EU gas in 2012, and Russian policies can have a direct impact on EU supplies. After the West-Russian confrontation over Ukraine, a lot has been said about the 'US shale gas revolution' and the possibilities of the United States becoming an energy exporter for future European energy needs. Although US energy independence seems to promise new perspectives for future European energy security, as well as for the balance of power in the Middle East, this is not for this decade. We cannot expect that the European Union would be able to cut off all of its energy relations with Russia, but we can foresee–or at least agree–that the European Union should diversify its natural gas supplies.
Topic:
Security, Foreign Policy, Economics, and Energy Policy
Political Geography:
Russia, United States, Europe, Ukraine, Middle East, and Asia

18. Easing US and EU Sanctions on Iran

Author:
Kenneth Katzman
Publication Date:
06-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Since the seizure of US hostages in Iran following the 1979 revolution, the US government has imposed a succession of economic penalties against the Islamic Republic. The complexity and severity of these sanctions intensified following Iran's resumption of a uranium enrichment program in 2006. However, there are a variety of ways to provide extensive sanctions relief should there be a deal placing long-term restrictions on Iran's nuclear activities.
Topic:
Economics, Energy Policy, Nuclear Weapons, Sanctions, and Nuclear Power
Political Geography:
Europe, Iran, Middle East, and North America

19. India and Pakistan: The Opportunity Cost of Conflict

Author:
Shuja Nawaz and Mohan Guruswamy
Publication Date:
04-2014
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
India and Pakistan, born out of a single British-ruled entity in 1947, have continued an implacable rivalry marked by periodic wars and hostilities as well as through proxies. This unending conflict has led them to invest heavily in their militaries and even to choose nuclear weaponry as a deterrence on the part of Pakistan toward India and on India's part toward both Pakistan and China. Although there have been occasional moves toward confidence building measures and most recently toward more open borders for trade, deep mistrust and suspicion mark this sibling rivalry. Their mutual fears have fuelled an arms race, even though increasingly civil society actors now appear to favor rapprochement and some sort of an entente. The question is whether these new trends will help diminish the military spending on both sides.
Topic:
Security, Foreign Policy, Economics, International Trade and Finance, and Reform
Political Geography:
Pakistan, China, India, Asia, and Southeast Asia

20. Companions in Competitiveness: How France and the United States Can Help Each Other Succeed in the Twenty-first Century

Author:
Nicholas Dungan
Publication Date:
01-2014
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
Competitiveness encompasses all the factors that will serve to make a society, an economy, and a country successful in the globalized world of the twenty-first century. France and the United States rank among the most competitive countries overall, but both have seen their position decline in recent years in key attributes of competitiveness.
Topic:
Economics, International Cooperation, and Bilateral Relations
Political Geography:
United States, Europe, and France

21. Will Brazil Get What It Expects from the World Cup?

Author:
Ricardo Sennes
Publication Date:
06-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Like any other international mega-event, hosting the FIFA World Cup brings the promise of a positive long-term legacy for Brazil. It is a unique opportunity for visibility among more than 3 billion people worldwide who will either attend or watch the games on television. The exposure from the games has the potential to draw national and international investments before, during, and after the thirty-two teams compete for the Cup.
Topic:
Civil Society and Economics
Political Geography:
Brazil and South America

22. Uncertain Energy: The Caribbean's Gamble with Venezuela

Author:
David L. Goldwyn and Cory R Gill
Publication Date:
07-2014
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
It has been nearly ten years since the launch of Petrocaribe, a program designed to win the political loyalty of the Caribbean states through generous credit subsidies to help import Venezuelan crude oil and products. Recipient states have grown dependent on high-cost, high-carbon fuels for power generation and Venezuelan credit to balance their budgets.
Topic:
Economics, Energy Policy, International Trade and Finance, and Oil
Political Geography:
South America, Latin America, Caribbean, and Venezuela

23. Middle East 2020: Shaped by or Shaper of Global Trends?

Author:
Mathew J. Burrows
Publication Date:
08-2014
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
With new crises sprouting almost on a daily basis in the Middle East, there is increasing interest in knowing the possible medium- and long-term consequences of the cascading developments in the region. This report attempts to think about the alternative futures possible in the Middle East over the next five to ten years. This is a shorter-term forecast than usual, but in the Middle East more deep-seated and structural factors are in flux than in most other regions. A longer-term forecast would allow for more optimism, but would be less useful for decision-makers who not only need a bird's eye view of where developments are headed but also a notion of the pressure points to effect positive change now.
Topic:
Security, Economics, Terrorism, Armed Struggle, Regime Change, and Political Activism
Political Geography:
Middle East

24. Morocco's Emergence as a Gateway to Business in Africa

Author:
J. Peter Pham and Ricardo Rene Laremont
Publication Date:
08-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Africa is home to seven of the world's ten fastest-growing economies. By 2050, the continent's population is expected to overtake India's and China's, doubling to two billion people. Moreover, those two billion Africans will be younger than their counterparts in every other region of the world and will account for one in four workers globally by mid-century. Africa's rich endowment of natural resources, including about 30 percent of the world's known reserves of minerals and 60 percent of the planet's uncultivated arable land, is already well-known to investors.
Topic:
Security, Economics, International Trade and Finance, and Foreign Direct Investment
Political Geography:
Africa, China, and Morocco

25. An Economic NATO: A New Alliance for a New Global Order

Author:
C. Boyden Gray
Publication Date:
02-2013
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
In the aftermath of World War II, the greatest concern facing the United States and its European allies was restraining the Soviet Union and preventing the spread of communism. Cooperation on military security was paramount, and the United States and Europe rose to the challenge by creating NATO, a new type of multilateral defense agreement. Once again, the transatlantic relationship is at a new and perilous crossroads. But now it is economic, rather than military security that is at risk. Crisis grips the economies of Europe, just as the United States, mired in historic levels of unemployment in the wake of the 2008 recession, is rethinking its strategic priorities and place in the world. As before, fears mount concerning the future of liberal democracy and Western capitalism. The question is whether transatlantic cooperation will again rise to the challenge.
Topic:
NATO, Economics, International Trade and Finance, Treaties and Agreements, Financial Crisis, and Reform
Political Geography:
United States, Europe, and North America

26. Shale Oil and Gas and the Middle East

Author:
Odeh Aburdene
Publication Date:
02-2013
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
It is in the interest of the world community to increase all energy resources—oil, gas, coal, solar, green, and nuclear. There are 7 billion people on this planet today. By 2100 that number will rise to 10 billion people. We can only meet their needs by maximizing energy production and using it in the most efficient means available.
Topic:
Economics, Energy Policy, International Trade and Finance, Oil, and Biofuels
Political Geography:
Middle East

27. Lowering the Price of Russian Gas: A Challenge for European Energy Security

Author:
Adnan Vatansever and David Koranyi
Publication Date:
03-2013
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Europe's energy discourse has been unjustifiably preoccupied with concerns about potential physical disruptions of Russian gas. Yet, the real challenge for European-Russian energy relations, and in fact, for European energy security, lies in settling on a price that leaves both sides content. While Europe will come under increasing pressure to acquire affordable energy resources to enhance its competitiveness, Gazprom may find it increasingly difficult to deliver gas at lower prices in the coming years.
Topic:
Economics, Energy Policy, International Trade and Finance, Oil, and Bilateral Relations
Political Geography:
Russia and Europe

28. Syria's War Threatens Lebanon's Fragile Economy

Author:
Faysal Itani
Publication Date:
07-2013
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The Syrian civil war is accelerating Lebanon's political and institutional decline and poses a serious long-term threat to its economy. Lebanon has largely been spared the political upheavals of the Arab Spring, its fractious political system is intact, and the weakness of its central government means there is no authoritarian order to revolt against. However, Lebanon's own political dysfunction, the regional powers' stakes in Lebanese politics, and their anxieties over the geopolitical challenges that the Arab uprisings pose magnify the economic dangers of Syria's disintegration.
Topic:
Economics and Armed Struggle
Political Geography:
Middle East, Lebanon, and Syria

29. Labor, Technology, and Innovation in Europe: Facing Global Risk through Increased Resiliency

Author:
Robert A. Manning and Peter Engelke
Publication Date:
06-2013
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
After the economic crisis ground global business to a halt, leaders on both sides of the Atlantic Ocean began to recognize that ensuring a stable and prosperous future would require building greater resiliency to structural risks. In the coming decades, episodic banking crises and regional economic imbalances will interrupt global growth. Robotics and computer networks will upend entire industrial sectors. Stressed global ecosystems, a changing climate, pandemics, and demographic decline will all add other risks. While no one can yet say how these risks may manifest, they will shape the future.
Topic:
Economics, Science and Technology, and Labor Issues
Political Geography:
Europe

30. Rising Robotics and the Third Industrial Revolution

Author:
Robert A. Manning
Publication Date:
07-2013
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Six years ago, Bill Gates created a buzz in the high tech community when he published an article in Scientific American suggesting robotics was becoming the next "new thing." Entitled "A Robot in Every Home," the Microsoft cofounder's essay argued presciently that the state of robotics paralleled that of the computer industry in the 1970s when it approached a tipping point, launching the PC revolution.
Topic:
Economics, Health, Science and Technology, and Labor Issues
Political Geography:
America

31. Jordan's Youth: Avenues for Activism

Author:
Danya Greenfield
Publication Date:
08-2013
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
While Jordanians are focused on the conflict raging in neighboring Syria and the prospect of violence spilling over onto Jordanian soil, below the surface the same kind of political, economic, and social grievances that launched a wave of uprisings in the Arab world are present and intensifying in Jordan with each passing day. As calls for political change swept through Cairo, Tunis, Tripoli, and Sanaa in the spring of 2011, periodic protests emerged throughout Jordan as well, where a diverse mix of people came out in calls for greater freedoms and economic opportunity. Many of the anti-government demonstrations were led by youth, representing a broad spectrum from conservative East Bank tribes to the urban Palestinian-Jordanian elite, and the normally politically apathetic youth population seemed engaged in unprecedented ways. Young Jordanians struggle to land decent jobs, find affordable housing, and save enough money to get married; with 55 percent of the population under the age of twenty-five, and a 26 percent unemployment rate among males between fifteen and twenty-five years old, there is reason to be cognizant about youth discontent emerging in unexpected or critical moments of pressure.
Topic:
Economics, Youth Culture, Social Movement, and Political Activism
Political Geography:
Middle East, Palestine, Arabia, and Jordan

32. The Libyan Economy after the Revolution: Still No Clear Vision

Author:
Karim Mezran and Mohsin Khan
Publication Date:
08-2013
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The Libyan economy collapsed in the wake of the popular uprising in February 2011 that led to the overthrow of the Muammar Qaddafi regime later that year. As the war raged, virtually all economic activity, especially oil production (the mainstay of the Libyan economy) witnessed a dramatic decline. While there was some recovery in 2012 when the war ended and oil production came back faster than expected, the economy has not yet reached a point of sustained, longer term economic growth. In fact, by 2013, the economy has only just got back to what it was prior to the uprising.
Topic:
Economics and Regime Change
Political Geography:
Middle East and Libya

33. Stability through Change: Toward a New Political Economy in Jordan

Author:
Faysal Itani
Publication Date:
12-2013
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Although it appears Jordan has survived the Arab uprisings thus far, all is not well in the Hashemite Kingdom. Over the past twenty years, its political economy has changed profoundly, putting pressure on the foundations of regime stability. The state in Jordan has been retreating from many citizens' economic lives, shrinking its circle of privilege and patronage, and leaving the population to fend for itself in a dysfunctional economy. Worryingly, the segment of the population most affected is the monarchy's base, which sees the Palestinian-Jordanian population as benefiting from the new status quo. Today, Jordan is also coping with hundreds of thousands of Syrian refugees, many of whom may remain in the country long term. Yet the real danger to the monarchy's stability is not the immediate cost of refugee care but the alienation of its traditional power base.
Topic:
Democratization, Economics, and Reform
Political Geography:
Middle East, Palestine, Arabia, and Jordan

34. Global Trends and the Future of NATO: Alliance Security in an Era of Global Competition

Author:
Barry Pavel and Magnus Nordenman
Publication Date:
10-2013
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The current turbulent global landscape recalls past key transition points in history such as 1815, 1919, 1945, and 1989, when the path forward was not so clear-cut and the world faced the possibility of very different global futures. As the US National Intelligence Council suggested in its landmark 2012 report, Global Trends 2030: Alternative Worlds, the transatlantic community is entering a new era in history that will pose a very different set of challenges and offer unprecedented opportunities. If it is to survive, the NATO Alliance must navigate this crucial period by fundamentally reconsidering its place in the global landscape as well as its future roles, missions, and functions from a strategic, long-term perspective. The world is changing rapidly, and if NATO does not adapt with foresight for this new era, then it will very likely disintegrate.
Topic:
Foreign Policy, Defense Policy, NATO, Demographics, Economics, Politics, Military Strategy, and Reform
Political Geography:
United States

35. A Transatlantic Perspective on Natural Gas Security in Central and Southeastern Europe

Author:
David Koranyi
Publication Date:
10-2013
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The fundamentals of the natural gas sectors of the United States and European Union (EU) are on divergent paths. While the US prepares for gas exports on the back of the unconventional gas revolution, Europe is facing declining indigenous production and growing dependence on imports. The Central and Southeastern Europe (CSEE) region has moved closer to integrate into the EU's internal energy market, but it remains in a vulnerable position in the short-term compared to the rest of the EU and especially the US due to the region's historic exposure to Gazprom's monopolistic abuse. A concerted US, EU, and regional effort is needed to implement a diversification strategy, where US liquefied natural gas (LNG) exports could make a real difference. In the medium and long run, the region can benefit from and play a crucial role in Europe's gas supply diversification strategy and may even succeed in adapting the US unconventional experience, contributing to a healthier energy import balance on the continent.
Topic:
Economics, Energy Policy, Science and Technology, and Natural Resources
Political Geography:
United States, Europe, and North America

36. Stabilizing Afghanistan: Proposals for Improving Security, Governance, and Aid/Economic Development

Author:
Tobias Ellwood
Publication Date:
04-2013
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
Afghanistan's future remains bleak. After a painful decade, all must now admit that Plan A (as outlined in the Bonn Accord1 and confirmed in the Afghan constitution has yet to create the necessary foundations for stability. Much of the international community privately acknowledges the gloomy outlook and now seeks a decent interval of stability after 2014 to distance itself from the responsibility for what might happen next as global attention turns to the jihadist threat in the Sahel region of Africa.
Topic:
Security, Development, Economics, International Cooperation, Governance, and Reform
Political Geography:
Afghanistan and Africa

37. Envisioning 2030: US Strategy for the Coming Technology Revolution

Publication Date:
12-2013
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
This report has a simple message: We are not prepared for the negative consequences of many new technologies or as well-positioned as we should be to take full advantage of the benefits. Emerging technologies are likely to be more beneficial than detrimental, but the opposite could be true if we are not careful. This report examines emerging technologies in three broad areas—energy, smart cities, and manufacturing—that are playing critical yet disruptive roles: all present opportunities for the US and its partners, but also huge challenges and risks.
Topic:
Economics, International Trade and Finance, Science and Technology, and Hegemony
Political Geography:
United States

38. The United States, Russia, and Europe: Trilateral Security Dialogue in the Absence of Strategic Partnership

Author:
Isabelle Francois
Publication Date:
09-2013
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
The past twenty years have been marked by a series of setbacks and disappointments in the US-European-Russian dialogue, despite regular attempts to develop a strategic partnership. In this cyclical relationship, 2012 was a low point in Western relations with Russia, from the calculated absence of President Vladimir Putin at the NATO summit in Chicago to the Russian ban on American adoptions of Russian orphans, and the US reaction to the Sergei Magnitsky case. The year 2013 could have been the beginning of an upswing in the trilateral dialogue. In April, US Secretary of State John Kerry and Russian Foreign Minister Sergey Lavrov met on the margins of the G8 foreign ministers' gathering in London. At the same time, US National Security Advisor Tom Donilon called on Putin in Moscow, where he hand-delivered a letter from President Barack Obama detailing potential areas of cooperation. A series of meetings between Russian and American officials throughout the summer saw a new diplomatic push to reframe the US–Russia relationship in the run-up to the Group of Eight meeting in June and the G20 meeting in September 2013. However, the Edward Snowden affair and Obama's subsequent decision to cancel the planned September meeting with Putin in light of insufficient progress on bilateral issues point to a pause in the relationship.
Topic:
International Relations and Economics
Political Geography:
Russia, United States, America, and Europe

39. The Europe We Would Like to Inherit: Toward a Visionary New Pragmatism

Author:
Dustin Dehez, Muddassar Ahmed, Nafeez Mosaddeq Ahmed, Spela Kranjc, and Ivo Sobral
Publication Date:
07-2013
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
Europe urgently needs to move forward on a number of crucial reforms simultaneously. To face the challenges of the recession, we need better economic integration. The crisis of the Euro zone is not only a debt crisis. What Europe is facing is a multitude of different crises, of which the debt crises in Greece, Cyprus, Spain, and Italy are only a small part. All European countries have accumulated huge debts, their social security models are facing an inevitable demographic challenge of enormous proportions. The conventional crisis management response—austerity—has failed to create a foundation for future economic stability. To survive, Europe needs to rethink the very foundations of its economic policies for a population that is older and a Europe more fractured. Europe needs to open itself up to immigration, foster regulation and integration of financial markets, overhaul social security structures set up decades ago, galvanize productive investment in new post-carbon industries that will create jobs and spur technological innovation, and invest in a security sector that is capable of projecting stability.
Topic:
Foreign Policy, Development, Economics, Politics, and Reform
Political Geography:
Europe, Greece, Spain, Italy, and Cyprus

40. Mexico Rising: Comprehensive Energy Reform at Last?

Author:
David J. Goldwyn
Publication Date:
12-2013
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
Mexico's Congress passed its final hurdle to reform the Constitution and allow for private investment in the energy industry on December 12, 2013. This significant achievement heralds the most comprehensive energy reform in the last seventy-five years of the country's history.
Topic:
Economics, Energy Policy, International Trade and Finance, Markets, and Oil
Political Geography:
United States, Latin America, and Mexico

41. Redefining Leadership in the Global Nuclear Energy Market

Author:
Andrew Paterson and Walter Howes
Publication Date:
12-2013
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
Global energy demand will increase substantially in the coming decades under pressure from global trends, including an increasing population that will reach 9 billion by 2040, and, for the first time in history, will be overwhelmingly urban. Meeting basic global energy needs will require the use of all available sources of energy while addressing and minimizing environmental and climate impacts. Nuclear energy is an established part of the world's electricity mix, and provides large-scale, reliable, base-load electricity demand. As such, it seems to be well matched to fit into an increasingly urban world that aims to mediate environmental challenges.
Topic:
Economics, Energy Policy, Environment, International Cooperation, International Trade and Finance, and Nuclear Power
Political Geography:
United States and Asia

42. Kazakhstan and the United States: Twenty Years of Ambiguous Partnership

Author:
Sean R. Roberts
Publication Date:
01-2012
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
In looking at twenty years of independence in the former Soviet region of Central Asia, Kazakhstan stands out in most respects as a stable oasis in a desert of uncertainty. It is the wealthiest country in Central Asia. It has not suffered any serious conflict since gaining independence, and the development of its economy, financial sector, and private sector has been steadily moving forward as has its engagement with the global economy. It is little wonder, therefore, that the most stable and fruitful bilateral partnership for the United States in the region over the past twenty years has been with the Republic of Kazakhstan. US-Kazakhstan relations have never experienced a significant crisis, and there has been ongoing cooperation between the two countries in a variety of areas, including nuclear non-proliferation, economic development, and energy extraction.
Topic:
Democratization, Diplomacy, Economics, and Bilateral Relations
Political Geography:
United States, Central Asia, and Kazakhstan

43. Kazakhstan's Energy Sector Since Independence: Two Decades of Growth and Challenges Ahead?

Author:
Katherine Hardin
Publication Date:
01-2012
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Since its independence in 1991, Kazakhstan has tripled its oil production, taking its place among the top twenty oil producers globally. The country currently produces more than 1.7 million barrels per day (mbd), an amount roughly equal to Libya's 2010 production. Over the past decade, Kazakhstan's oil reserves estimates have nearly doubled, placing it among the top five countries that will account for more than half of the global liquids capacity growth to 2020. Kazakhstan's considerable resource base has been a critical factor in this success, but the government of Kazakhstan under President Nursultan Nazarbayev has also made strategic choices to attract investment into the energy sector and has successfully crafted a "multivectoral" energy policy with its neighbors, particularly in the case of energy transportation. This paper highlights key stages in Kazakhstan's emergence as a major energy producer, but points to challenges that lie ahead as the country continues to increase oil and gas production and exports.
Topic:
Economics, Energy Policy, International Trade and Finance, and Oil
Political Geography:
Central Asia and Libya

44. The United States and the Global Future

Author:
Banning Garrett, James B. Steinberg, David Ignatius, and Uri Dadush
Publication Date:
03-2012
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
How will the US economy evolve over the next twenty years and what might be the impact of various US economic scenarios on the global system? Will the United States have a Japan-like decade or two of anemic growth? If so, would this lead the United States to reduce its foreign involvement and commitments, become more protectionist, and focus on its internal problems? Or will the United States solve its fiscal and debt problems, reinvigorate growth and innovation, and return to sustainable economic growth? Would this underpin a renewed commitment to active US global leadership in mobilizing international cooperation to manage security, economic growth, and global challenges?
Topic:
Foreign Policy, Debt, Economics, International Trade and Finance, and Hegemony
Political Geography:
United States and North America

45. Rethinking US Relations with a Changing Egypt

Author:
Michele Dunne
Publication Date:
03-2012
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
With Egypt in the midst of a political transition, this is a crucial time to rethink the US's relationship with Egypt, argues Atlantic Council Director of the Rafik Hariri Center for the Middle East Michele Dunne in this policy brief for the Project on Middle East Democracy.
Topic:
Democratization, Diplomacy, Economics, and Bilateral Relations
Political Geography:
Middle East

46. Rethinking the Russia Reset

Author:
Svante Cornell and Frances Burwell
Publication Date:
04-2012
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The first phase of the US "Reset" of its relations with Russia has concluded. Launching a second phase will not be easy: with the Russian presidential elections in March, there will be only a brief window for moving US-Russia relations forward before the US presidential contest moves into full gear. Although the result of the Russian election was widely seen as pre-ordained, the protests following the parliamentary and presidential contests have added uncertainty. A new Putin administration will be challenged by many reformers, but the external impact of that growing internal divide is unclear.
Topic:
Diplomacy, Economics, Government, Human Rights, and Bilateral Relations
Political Geography:
Russia

47. A New Framework for US-China Economic Relations

Author:
Henry M. Paulson
Publication Date:
07-2012
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
For nearly four decades, there has been a broad consensus among US policy and opinion leaders that China's success will, ultimately, be good for the United States. But this long-standing consensus is now fraying. We need a new consensus, based on an updated framework that reflects the reality that China is no longer a "developing" economy but an increasingly established one.
Topic:
Development, Economics, International Trade and Finance, and Bilateral Relations
Political Geography:
Asia and North America

48. Baltic Energy Security: Building a European Energy Future

Author:
Mihaela Carstei
Publication Date:
06-2012
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Historically, energy security has played a central role in shaping the national security strategy and interests of the Baltic states. The diverse challenges that exist in the region make it necessary to focus on identifying areas of cooperation between the countries as they pursue diversified oil and gas supplies.This is crucial to achieve a regional approach to the European Union's common energy security goals.
Topic:
Security, Economics, Energy Policy, Oil, and Regional Cooperation
Political Geography:
Europe

49. Preparing for Cyber 9/12

Author:
Jason Healey
Publication Date:
06-2012
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Experts have warned about a massive surprise cyber attack since at least 1991, when Winn Schwartau testified to Congress about the dangers of an "electronic Pearl Harbor." More recently, the analogy has changed to a "cyber 9/11" but the fear is generally the same: the dependence of modern economies and societies on cyberspace means a digital attack could fundamentally disrupt our way of life and be remembered for decades as the day everything changed.
Topic:
Defense Policy, Economics, Science and Technology, and Terrorism

50. India's Water Challenges

Author:
Suresh P. Prabhu
Publication Date:
10-2012
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Threats of international water conflicts have garnered headlines in many parts of the world including South Asia. Yet, there are almost no examples of outright water war in history. Instead, national water tensions and issues in water management continue to bedevil South Asia and the largest country in the region. India's population currently stands at 1.2 billion people and is expected to reach 1.6 to 1.8 billion by 2050. For a country that already ranks among the lower rungs of the United Nations Development Programme Human Development Index, faced by the stresses of such population growth, India will have to design a plan to satisfy basic human needs for survival, and identify—and maximize—the use of key inputs that drive India's economic growth. One common source that cuts across all criteria for basic survival and economic development is water. It is predicted that by 2050, the per capita availability of water at the national level will drop by 40 to 50 percent due to rapid population growth and commercial use. The main sectors that are heavily dependent on water, such as India's agriculture and power generation, will also affect the quality of water available, both for other productive sectors and for public use. The demand for, availability, and varying use of water all have an impact on India's water resource management and its relations with neighboring countries.
Topic:
Agriculture, Economics, Industrial Policy, and Water
Political Geography:
South Asia, India, and Southeast Asia