Economics & Global Affairs

Ownership of reforms by citizens is often presented as important for success. This paper explores media engagement and support for economic reforms in the Gulf Cooperation Council (GCC) countries using text analysis techniques on publicly available sources. Results show that while reform efforts have intensified in recent years in the GCC, these efforts tend to focus on stronger rather than weaker policy areas, potentially limiting the growth-enhancing effect of reforms. Social media analysis using Twitter shows that the population’s support for reforms has been declining. The analysis of traditional
news media points to more engagement by international than by local media. However, sentiment from international media is less positive about economic reforms in the GCC. Sentiment in international media and social media matters, as evidenced by its positive and strong correlation with FDI inflows into the GCC.

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

Stephen Walt's argument tries to answer the following question: What impact will the decisions taken at the recent Party Congress have on the balance of power and U.S.-China competition? From a U.S. perspective, was what just took place in Beijing good news or not?

Stephen M. Walt describes a "gnawing fear that we are living through a series of disruptions that are overwhelming our collective ability to respond." What does this mean for public confidence in the entire political system, and is there any cause for optimism?

China believes that the U.S.’s longtime One China policy is evolving into a One China, One Taiwan policy. That’s not an accurate reading of the American view on Taiwan, argues Kevin Rudd, but it explains why China is now signaling more clearly than ever its willingness to attack. I have long argued that the geopolitical disaster of a war between the U.S. and China need not be inevitable. That remains my view, Rudd writes—if both sides adopt some basic strategic guardrails. But for the foreseeable future, it’s time for all of us to fasten our seat belts.

Russia’s invasion of Ukraine has amplified the importance of national-security considerations in western countries’ energy policies. At the same time, governments must continue to focus on reducing environmental damage – in particular, on cutting greenhouse-gas emissions. Both goals, geopolitical and environmental, are urgent and should be evaluated together.

Russia’s invasion of Ukraine has amplified the importance of national security objectives when Western nations formulate energy policy.  At the same time, they should not take their eye off the ball of reducing environmental damage and, in particular, slowing down greenhouse gas emissions.  Both goals, geopolitical and environmental, are urgent.  The national security and environmental objective should be evaluated together, rather than via separate “stove pipes.”

The surprising potency of the multilateral sanctions imposed on Russia has been exceeded only by that of Ukrainians’ resistance to Russia’s invasion of their country. True, it is difficult to imagine that sanctions will bring the Russian economy to its knees faster than Russian troops are able to capture Kyiv or lay waste to the country. But, ultimately, Russia will lose much in this war.

 

The Middle East Initiative is pleased to announce that Dr. Omar Razzaz, former Prime Minister of the Hashemite Kingdom of Jordan, will serve as a non-resident Emirates Leadership Initiative Senior Fellow during the Spring and Fall 2022 semesters at Harvard Kennedy School’s Middle East Initiative (MEI).