Economics & Global Affairs

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.

Last week, U.S. Sen. Joe Manchin seemingly dashed Democrats’ hopes for congressional action to slow climate change. Sen. Bernie Sanders accused Manchin of “sabotag[ing] the president’s agenda”; Rep. John Yarmuth, when asked about the consequences of Congress not acting on climate change, said, “We’re all going to die”; and climate activists, as well as some Democrats in Congress, wondered if Manchin should be removed as chair of the Senate Energy and Natural Resources Committee.

The Economic Diplomacy Initiative (EDI) at the Belfer Center for Science and International Affairs is presenting a first-of-its-kind analysis of the makeup of the Commerce Department’s Entity List, by country, by sector, and by year of addition. Starting with raw data made available by the Commerce Department, we manually grouped blacklisted sub-entities at the parent level to give a clearer view of the companies targeted by export controls. While  the Entity List does not include industry tags, we used Federal Register announcements and secondary research to manually assign industry sectors to each entity. The analysis provides a quantitative review of the evolving use of the entity list to shed light on shifting aims of US economic and national security policy.

Henry Kissinger warns that many existing domestic and international institutions that have helped govern the past decades will not survive the Covid-19 crisis. He is surely correct.

Liberal market-oriented states are in a natural alliance to preserve and protect a global order that is systematically buttressing states’ embrace of market-oriented norms and values.

The relationship between oil and war is complicated—and much of the time, oil disputes are resolved peacefully. The more dangerous disputes are those where tensions over oil exacerbate other factors on the road to war.