Analysis & Opinions

At the foot of the Eqi Glacier in Greenland in June, I watched ice formed thousands of years ago drop into the warming ocean. With this vivid depiction of climate change in my mind, I was disappointed that neither of the conferences held last month to prepare for the UN’s upcoming COP28 summit had produced any real breakthroughs.

However, while the need for climate action is rising, the stakes for COP, perhaps counter-intuitively, look to be diminishing. An underwhelming COP28 would be a missed opportunity but it may not be a tragedy. Twenty or even 10 years ago, it was reasonable to hope a co-operative approach could address climate. But it is no longer a realistic expectation — nor the most promising route for progress.

The geopolitical implications of solar displacing oil as the world’s major source of energy are enormous. Why has the Middle East been a central arena in the “great game” for the past century? Because countries there have been the major suppliers of the oil and gas that powered 20th-century economies. If, over the next decade, photovoltaic cells that capture energy from the sun were to replace a substantial part of the demand for oil and gas, who will the biggest losers be? And even more consequentially: who will be the biggest winner?

The United States’ debt-to-GDP ratio, which improved during the inflationary spike of 2021-22, is expected to increase as inflation cools and the US population rapidly ages. While ultra-conservative Republicans advocate cutting non-defense discretionary spending to restore debt sustainability, the numbers do not add up.

President Biden may practice old-style Democratic coalition politics, but his party's progressives have gotten a sweet deal. Look no further than the White House's embrace of national economic planning. The younger generation wants a sharp break with the past, and the president is listening. Mr. Biden's new model is the Washington Ordered Economy: a tale of WOE.

Joseph Nye explores what a second Donald Trump presidency may mean for U.S. foreign policy and the world? While the man himself is unpredictable, his first term and his behavior since losing re-election in 2020 offer plenty of clues, none of which would be comforting to America's allies.

Farmers in the western United States argue that without access to relatively affordable water for cultivating feed-related crops such as alfalfa, the cost of beef and dairy products would increase. But why should the American public subsidize the production of beef and dairy products or the cultivation of rice in a desert?

The following is an event write-up about the recent Project on Europe and the Transatlantic Relationship (PETR) seminar on “France’s Global Role in a Changing World Order” co-moderated by Natalie Colbert, Executive Director of the Belfer Center, and Svenja Kirsch, Fellow with PETR, on April 19, 2023.

Graham Allison is interviewed about U.S.-China relations by the Global Macro Research Team for a Goldman Sachs publication.

The Economist’s recent cover story declaring that the US economy is “leaving its peers ever further in the dust” is still making waves in Washington. The inconvenient truth, however, is that The Economist reaches this stunning conclusion by excluding the US’s only true peer: China. 

Even if they manage to convince their creditors to restructure their debts, commodity-exporting debtor countries are still vulnerable to sudden price fluctuations. Commodity bonds could help remove the most significant source of risk facing many debt-distressed countries in Africa, Latin America, and the Middle East.