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.

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.

Joseph S. Nye argues that history shows that globalization is largely driven by technological changes that reduce the importance of distance, and that will not change.

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. 

Belfer Center experts on the U.S.-China relationship and Middle East issues shared thoughts on the significance of the unexpected Iran-Saudi Arabia agreement brokered by China. 

Stephen Walt analyzes why China's foreign-policy reset will—or won't—work out.

Joseph Nye writes: From an American perspective, it is just as dangerous to underestimate Chinese power as it is to overestimate it. While hysteria creates fear, discounting China's recent progress and future ambitions could lead the United States to squander its own long-term advantages.

In the wake of the global financial crisis of 2008, China began to move away from the market-based approach that had shaped its economic policies for three decades, and toward something that might be termed "party-state capitalism," which involves a high degree of CC control over strategic sectors of the economy. This has led to significant changes in the U.S.-Chinese economic relationship, as both sides have made efforts to secure supply chains, screen inward and outward capital flows, diminish the power of global firms, and reorganize alliances to protect against economic coercion.

Joseph Nye writes that while U.S. President Joe Biden's administration is right to question the basic assumptions that underlay America's strategy of engagement with China, those who devised that strategy over two decades ago were also right in their own way. Then as now, even distant scenarios must be left open.