Economics & Global Affairs

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.

In an interconnected world, cyberattacks are becoming more frequent and sophisticated. Building resilience against this asymmetric threat is critical for countries to protect their economies, critical infrastructure, and democratic institutions. However, cyberattacks do not respect borders, and no country can address this threat alone. The strength and longevity of the transatlantic partnership between the EU and the U.S. presents a unique opportunity to address this strategic threat through international cooperation. Through an analysis of cyberwarfare in the ongoing war in Ukraine, this paper proposes policy recommendations to enhance transatlantic coordination and cooperation against current and future adversaries in a new era of strategic competition. Ultimately, a stronger transatlantic partnership is critical for protecting international democratic norms, building resilience against cyber threats, and strengthening global security and stability.

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.

This paper addresses the question of how the Chinese party-state chooses to exercise its economic, financial, diplomatic, military and soft power in the next 25 years will make a great difference to US national security and foreign policy, and to developments in the rest of the world. The paper makes three key points:

The core argument of this paper is that Beijing will likely aspire to pursue an empire-like position globally, not just seek an Asia-Pacific sphere of influence, and that this aspiration will founder. Achieving an empire-like position is both an imperative and is infeasible. The tensions between goal and reality will likely characterize China’s role in the world in coming decades and will be central to the difficulties of US-China relations. Second, there is heuristic value for US policymakers and analysts to consider a 20-year outlook on the rise of China that encompasses China’s pursuit of a global empire-like position. Third, paying close attention to how Beijing organizes its own government, corporate, and non-governmental organizations to seek an empire-like position will provide important signposts emerging tension and trends.

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

Stephen Walt outlines how Washington and Beijing could stop the war in Ukraine.

If China attempts reunification with Taiwan, how will the US meet its obligations to defend it? Two visiting fellows and officers of the US Air Force insist that the US must improve its preparedness for a new type of conflict.

Mina Pollmann explains that between China and North Korea, the logic for increased Japan-South Korea cooperation is clear. All that was lacking was political will. 

If historian Thucydides were asked about what is happening in relations between the United States and China today, what would he say? That was the question posed to me at the Davos World Economic Forum in January. I responded that he would say that this is a classic Thucydidean rivalry in which the two parties are right on script, each competing to show which can best exemplify the typical rising and ruling power – leaving him on the edge of his seat anticipating the grandest collision of all time.

The half-century since the official demise of the Bretton Woods system of fixed exchange rates has shown the benefits of what replaced it. While some may feel nostalgic for the postwar monetary system, its collapse was inevitable, and what looked like failure has given rise to a remarkably resilient regime.