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202. At Home or Abroad, U.S. Firearms Should Not Fuel Violence, Instability, and Abuse
- Author:
- Allison McManus and Laura Kilbury
- Publication Date:
- 07-2024
- Content Type:
- Special Report
- Institution:
- Center for American Progress - CAP
- Abstract:
- Congress and the Biden administration should strengthen the U.S. Department of Commerce’s efforts to prevent American firearms from reaching adversaries and fueling global violence and rights abuses.
- Topic:
- Foreign Policy, National Security, Weapons, and Gun Violence
- Political Geography:
- Israel, Latin America, and United States of America
203. Revitalizing U.S. Trade Remedy Tools for an Era of Industrial Policy in an Interconnected World
- Author:
- Ryan Mulholland
- Publication Date:
- 06-2024
- Content Type:
- Special Report
- Institution:
- Center for American Progress - CAP
- Abstract:
- To implement an effective industrial policy, the United States needs to update its trade enforcement toolkit to meet the challenges of the modern world and utilize its existing trade authorities differently.
- Topic:
- Industrial Policy, International Trade and Finance, Economy, and Economic Development
- Political Geography:
- China and United States of America
204. 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
205. 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
206. Nuclear arms control policies and safety in artificial intelligence: Transferable lessons or false equivalence?
- Author:
- Eoin Micheál McNamara
- Publication Date:
- 01-2024
- Content Type:
- Policy Brief
- Institution:
- Finnish Institute of International Affairs (FIIA)
- Abstract:
- Multiple nuclear arms control treaties have collapsed in recent years, but analogies associated with them have returned as possible inspiration to manage risks stemming from artificial intelligence (AI) advancement. Some welcome nuclear arms control analogies as an important aid to understanding strategic competition in AI, while others see them as an irrelevant distraction, weakening the focus on new frameworks to manage AI’s unique and unprecedented aspects. The focus of this debate is sometimes too narrow or overly selective when a wider examination of arms control geopolitics can identify both irrelevant and valuable parallels to assist global security governance for AI. Great power leaders frequently equate AI advancement with arms racing, reasoning that powers lagging behind will soon see their great power status weakened. This logic serves to intensify competition, risking a spiral into more unsafe AI practices. The global norm institutionalization that established nuclear taboos can also stigmatize unethical AI practices. Emphasizing reciprocal risk reduction offers pragmatic starting points for great power management of AI safety. This research is part of the Reignite Multilateralism via Technology (REMIT) project, funded by the European Union’s Horizon Europe research and innovation programme under Grant Agreement No. 101094228.
- Topic:
- Defense Policy, Arms Control and Proliferation, Cybersecurity, Economic Policy, Artificial Intelligence, and Strategic Competition
- Political Geography:
- Russia, Europe, and United States of America
207. China as the second nuclear peer of the United States: Implications for deterrence in Europe
- Author:
- Jyri Lavikainen
- Publication Date:
- 02-2024
- Content Type:
- Policy Brief
- Institution:
- Finnish Institute of International Affairs (FIIA)
- Abstract:
- China’s nuclear build-up will make it a nuclear peer adversary of the United States in the 2030s. The US will have to deter both Russia and China, as well as other regional adversaries, with forces geared to engage in one major war at a time. If two major wars occur either simultaneously or sequentially, US military capability will be put under great stress. In the event of a second war, the US may find itself in a situation of conventional military inferiority, which it might have to compensate for with greater reliance on nuclear weapons. Since the US remains the ultimate guarantor of European security, its deterrence challenges elsewhere affect European security as well. Thus, even the possibility of war in the Indo-Pacific is a European security issue. European NATO allies can help mitigate the two-peer problem by permanently taking on a greater share of the burden of Europe’s conventional defence. At the same time, the effectiveness of NATO’s nuclear capability must be enhanced. A strategic defeat for Russia in the war in Ukraine would postpone Russia’s ability to pose a military threat to Europe. Ukraine’s NATO membership would further serve to reduce the threat of another major war in Europe.
- Topic:
- Security, NATO, Nuclear Weapons, and Deterrence
- Political Geography:
- Russia, China, Europe, and United States of America
208. Bridging the Gap: Accelerating Technology Adoption for Sustainable Food Production
- Author:
- The Chicago Council on Global Affairs
- Publication Date:
- 04-2024
- Content Type:
- Special Report
- Institution:
- Chicago Council on Global Affairs
- Abstract:
- Emerging AgTech innovations have the potential to radically improve the sustainability, profitability, and accessibility of US-produced food. Rapid adoption of agricultural technological (AgTech) innovation is required to meet the future needs of a safe and sustainable US agricultural system that generates more food despite a confluence of obstacles jeopardizing agricultural productivity, while establishing consumer trust to ensure food innovation is accepted by society. With climate change and growing populations putting increasing pressure on our food systems to produce, farmers and their supply chain partners must find a way to rise to food production challenges through the rapid adoption of technology and scientific innovation. However, a recent history of AgTech innovations that failed to achieve widespread consumer acceptance underscores the importance of consumer buy-in for technical innovation in agricultural production. We need to rebuild consumer trust of new technology in food production, streamline and coalesce processes that expedite innovation, and ensure new innovation is accessible and profitable for growers. Based on a June 2023 roundtable, the second in a series of regular convenings, the white paper "Bridging the Gap: Accelerating Technology Adoption for Sustainable Food Production" explores the current development, challenges, and potential of emerging AgTech innovations, and concludes with action recommendations designed to remove barriers and expedite the next generation of AgTech integration in US food production.
- Topic:
- Agriculture, Science and Technology, Food Security, Sustainability, and Productivity
- Political Geography:
- North America and United States of America
209. Calculable Losses? Arms Transfers to Afghanistan 2002–21
- Author:
- Matt Schroeder
- Publication Date:
- 01-2024
- Content Type:
- Policy Brief
- Institution:
- Small Arms Survey
- Abstract:
- Following the Taliban’s assumption of control in Afghanistan in August 2021, uncertainty has persisted about the scale, scope, and specific elements of the arsenal it captured from the previous regime. A new report from the Small Arms Survey, based on hitherto unpublished official data, provides the most refined picture to date of the arsenals captured by the Taliban. Calculable Losses? Arms transfers to Afghanistan 2002–21—a new Briefing Paper from the Small Arms Survey’s Contributing to Preventing Arms Proliferation from, within, and to Afghanistan project—analyses the publicly available data on arms exports to Afghanistan, identifies gaps in this data, and provides previously unreleased data obtained from the US government.
- Topic:
- Arms Control and Proliferation, Taliban, and Weapons
- Political Geography:
- Afghanistan, South Asia, and United States of America
210. Retrospectiva, incógnitas y conjeturas: imaginando la OTAN tras la guerra de Ucrania
- Author:
- Carlos López Gómez
- Publication Date:
- 06-2024
- Content Type:
- Journal Article
- Journal:
- Journal on International Security Studies (RESI)
- Institution:
- International Security Studies Group (GESI) at the University of Granada
- Abstract:
- Tras el final de la Guerra Fría, la OTAN experimentó una profunda transformación en cuanto a su composición, objetivos, acciones y alcance geográfico. La invasión rusa de Ucrania ha hecho que en los últimos dos años se haya concentrado de nuevo en las funciones tradicionales de la disuasión y la defensa de sus miembros. El artículo explora las variables y condicionantes de las que dependerá el papel de la OTAN en el futuro.
- Topic:
- Foreign Policy, Defense Policy, NATO, Deterrence, and Russia-Ukraine War
- Political Geography:
- Russia, Ukraine, and United States of America
211. El final de la Pax americana. La evolución del sistema internacional. Los nuevos equilibrios
- Author:
- Adela M. Alija
- Publication Date:
- 06-2024
- Content Type:
- Journal Article
- Journal:
- Journal on International Security Studies (RESI)
- Institution:
- International Security Studies Group (GESI) at the University of Granada
- Abstract:
- En este artículo, partimos de la idea de que no estamos todavía ante una redefinición de del orden mundial creado tras la Segunda Guerra Mundial y la Guerra Fría. Ahora bien, nos encontramos ante un cuestionamiento profundo del sistema y ante desplazamientos en los equilibrios de poder que parecen mostrarnos el final de una era. El orden (o desorden) mundial del siglo XXI en el que nos encontramos está marcado por elementos que introducen incertidumbre e inseguridad. Recesión económica, pandemia, guerra, crisis diversas, desaceleración de la globalización (o quizá desglobalización) … hacen un mundo complejo y desordenado. Sobre todos estos elementos mencionados, la guerra en Ucrania representa un momento decisivo para la construcción de un nuevo orden mundial. El concepto de Pax Americana es discutible y ha sido discutido ampliamente, como analizaremos en nuestro artículo. Si consideramos el término desde la perspectiva de la supremacía de Estados Unidos en el sistema internacional, no cabe duda de que el orden mundial del siglo XX ha estado marcado por el poder estadounidense. El final de la pax americana daría lugar a un nuevo orden mundial, el orden liberal internacional habría finalizado y un nuevo orden “postoccidental” se estaría construyendo. Pero, ¿qué clase de orden? La sustitución de la pax americana y, por lo tanto, del orden liberal occidental, es todavía imprecisa. En conclusión, los objetivos de nuestro artículo son: analizar la evolución del concepto de Pax americana, entendido como símbolo de la hegemonía de Estados Unidos y Occidente en el mundo, analizar el contexto de crisis de dicha hegemonía y, por último, analizar las distintas vías de cambio del sistema internacional, partiendo de la base de que está en una fase de transición y transformación todavía incierta.
- Topic:
- Geopolitics, International Order, Pax Americana, and Post-Cold War
- Political Geography:
- Global Focus and United States of America
212. China Maritime Report No. 42: Invasion Plans: Operation Causeway and Taiwan's Defense in World War II
- Author:
- Ian Easton
- Publication Date:
- 10-2024
- Content Type:
- Special Report
- Institution:
- China Maritime Studies Institute, U.S. Naval War College
- Abstract:
- During World War II, the United States and the Empire of Japan each developed plans and marshaled forces for a climactic battle over Taiwan. Both sides regarded the island as an area of strategic consequence. Code-named Operation CAUSEWAY, the American invasion of Taiwan would have been the largest amphibious campaign in the Pacific Theater and the largest sea-air-land engagement in world history. Strategists in Japan believed the attack was coming and designed a blueprint for the defense of Taiwan and the Ryukyu Islands called SHO-GO(捷 2 号作戦, or “Operation Victory No. 2”), which envisioned a bloody campaign of annihilation. Japanese camouflage, concealment, and deception efforts in Taiwan were effective at hiding many capabilities from American intelligence. In recent years, Taiwanese military officers have drawn lessons from Taiwan’s wartime history to improve their defense plans. They highlight the need to stockpile, update beach defenses, mobilize whole-of-society support, expand underground bunker complexes, and prepare for a long fight and layered defense campaign. One important lesson of this history for the U.S. Navy and Joint Force is that deterrence worked before. It can work again. Under certain circumstances, the United States and Taiwan may be capable of preventing a PRC invasion of the island. But a tremendous amount of hard work will be needed to realize that goal. By revisiting the history of Taiwan-focused war plans, we may better assess current challenges and develop insights that could inform future strategic, operational, and tactical decisions.
- Topic:
- History, Military Affairs, Maritime, World War II, People's Liberation Army (PLA), Invasion, and Operation Causeway
- Political Geography:
- China, Taiwan, Asia, and United States of America
213. China Maritime Report No. 41: One Force, Two Force, Red Force, Blue Force: PLA Navy Blue Force Development for Realistic Combat Training
- Author:
- J. Michael Dahm
- Publication Date:
- 09-2024
- Content Type:
- Special Report
- Institution:
- China Maritime Studies Institute, U.S. Naval War College
- Abstract:
- Since the mid-2010s, there has been a concerted effort to professionalize a PLAN “blue force” as an opposition force, or OPFOR, in maritime exercises and training. The People’s Liberation Army (PLA) routinely refers to its blue forces as metaphorical “whetstones” used to sharpen the PLA for a future fight against enemies of the People’s Republic of China (PRC). Efforts to develop a PLAN blue force appear to have accelerated over the past several years in response to Chairman Xi Jinping’s decade-long demand for more realistic combat training. This report examines recent developments in the PLAN’s blue force. It comprises four sections. Part one provides background on PLAN efforts to professionalize its maritime blue force. Part two describes the PLAN’s blue force training units. Part three examines companies producing equipment and virtual environments for China’s blue force units, while part four discusses current blue force capabilities. The report concludes with a summary of findings and implications for the United States, its allies, and partners.
- Topic:
- Armed Forces, Maritime, People's Liberation Army (PLA), and Military Training
- Political Geography:
- China, Asia, and United States of America
214. The Strategic Adjustments of China, India, and the US in the Indo-Pacific Geopolitical Context
- Author:
- Binh Nguyen, Hiep Tran, Co Nguyen, and Vuong Nguyen
- Publication Date:
- 04-2024
- Content Type:
- Journal Article
- Journal:
- Journal of Liberty and International Affairs
- Institution:
- Institute for Research and European Studies (IRES)
- Abstract:
- Since the beginning of the XXI century, the Indo-Pacific region has become the “focus” of strategic competition between the world’s great powers. This area included many “choke points” on sea routes that are strategically important for the development of international trade, playing an important role in transporting oil, gas, and goods around the world from the Middle East to Australia and East Asia. The article analyzed the geostrategic position of the Indo-Pacific region and the strategic adjustments in foreign affairs of some major powers in this region, specifically the US, China, and India. To achieve this goal, the authors used research methods in international relations to analyze the main issues of the study. In addition to reviewing previous scholarly research and reviews, the authors used a comparative approach to assess the interactions between theory and data. The authors believed that these data are important for accurately assessing the strategic importance of the Indo-Pacific region, and this area was an important trigger for the US, China, and India to make adjustments to its foreign policy. If the US proposed a strategy called “Free and Open Indo-Pacific” (FOIP), India’s strategy was called the Indo-Pacific Initiative. China’s Indo-Pacific strategy was clearly expressed through the “String of Pearls” strategy and the “Belt and Road Initiative” (BRI). As a result, in the geopolitical context of the Indo-Pacific region, the competition between major powers (the US, China, India...) is also becoming fiercer and more complex. It has a significant impact on other countries in the region.
- Topic:
- Geopolitics, Trade, and Strategic Interests
- Political Geography:
- China, India, United States of America, and Indo-Pacific
215. The Taiwan election result: A strategic opportunity for a calmer Taiwan Strait
- Author:
- Mikael Mattlin and Jyrki Kallio
- Publication Date:
- 01-2024
- Content Type:
- Commentary and Analysis
- Institution:
- Finnish Institute of International Affairs (FIIA)
- Abstract:
- Taiwan held combined presidential and legislative elections last weekend. The international media generally expected that a win by Lai Ching-te (DPP), who in the past has favoured independence, would lead to tensions and even conflict in the Taiwan Strait. However, there are several reasons why the opposite could be the case.
- Topic:
- Security, Defense Policy, Elections, and Lai Ching-te
- Political Geography:
- China, Taiwan, Asia, and United States of America
216. Defense Cooperation Agreements in northern Europe: Strengthening the United States’ global position, transatlantic relations, and regional deterrence and defense
- Author:
- Charly Salonius-Pasternak
- Publication Date:
- 09-2024
- Content Type:
- Commentary and Analysis
- Institution:
- Finnish Institute of International Affairs (FIIA)
- Abstract:
- The US has concluded or updated bilateral Defense Cooperation Agreements (DCAs) with all Nordic states. These DCAs enhance regional deterrence, enable operational and tactical cooperation from day one in the event of war, and provide broader regional and global benefits.
- Topic:
- Defense Policy, Deterrence, Transatlantic Relations, and Defense Cooperation
- Political Geography:
- Europe, Nordic Nations, and United States of America
217. 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
218. 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
219. 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
220. Tilting at Windmills: Bernanke and Blanchard’s Obsession with the Wage-Price Spiral
- Author:
- Servaas Storm
- Publication Date:
- 04-2024
- Content Type:
- Working Paper
- Institution:
- Institute for New Economic Thinking (INET)
- Abstract:
- Bernanke and Blanchard (2023) use a simple dynamic New Keynesian model of wage-price determination to explain the sharp acceleration in U.S. inflation during 2021-2023. They claim their model closely tracks the pandemic-era inflation and they confidently conclude that “… we don’t think that the recent experience justifies throwing out existing models of wage-price dynamics.” This paper argues that this confidence is misplaced. The Bernanke and Blanchard is another failed attempt to salvage establishment macroeconomics after the massive onslaught of adverse inflationary circumstances with which it could evidently not contend. It misrepresents American economic reality, hides distributional issues from view, de-politicizes (monetary and fiscal) policy-making, and sets monetary policymakers up to deliver significantly more monetary tightening than can be justified on the basis of more realistic model analyses.
- Topic:
- Economics, Monetary Policy, Inflation, Macroeconomics, and Wages
- Political Geography:
- North America and United States of America