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  • Author: Michael B Greenwald
  • Publication Date: 03-2019
  • Content Type: Commentary and Analysis
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: Saudi Vision 2030 — Crown Prince Mohammad bin Salman’s bid to diversify his nation’s oil-dependent economy — is one of the most consequential development plans in modern history. So it was no surprise to see MbS, as he is known, grinning with Chinese leaders during his Asian investment trip last month. As Chinese officials raved about the “enormous potential” of the Saudi economy, Saudi officials praised the compatibility of Chinese and Saudi cultures, and MbS even defended China’s maltreatment of Muslim Uighurs
  • Topic: International Affairs
  • Political Geography: Global Focus
  • Author: Michael B Greenwald
  • Publication Date: 03-2019
  • Content Type: Commentary and Analysis
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: We can envision the advent of a new economic revolution forming in the Shia crescent as a new, cohesive political force in the Middle East between Sunni Gulf Arabs and Israel by deepening rapprochement to counter Iran’s expansion. Alongside years of discreet contact and informal diplomatic backchannels between Gulf Countries and Israel, the future portends closer economic links between these power blocs. With the combination of Israeli technology and Gulf capital, there is no shortage of synergies eager to be developed, as Gulf States explore new visionary economic reforms looking beyond a dependence on oil revenues.
  • Topic: International Affairs
  • Political Geography: Israel
  • Author: Philippe Le Corre
  • Publication Date: 02-2019
  • Content Type: Commentary and Analysis
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: Kazakhstan is one of China’s direct neighbours, and a prominent one by size and border. As the Chinese proverb states, “a close neighbour is more valuable than a distant relative”,[1] hence the importance of Sino-Kazakh ties, especially at a time when Beijing tries to promote its “Belt and Road Initiative” (BRI) across Eurasia. The country has a 1782.75 km-long border with China, and shares much history and people with the former Middle Kingdom. Although data is sparse, it is known that many Uyghurs –the main tribe of Xinjiang, China’s troubled autonomous region – live in Kazakhstan. There are also ethnic Kazakhs living on the Chinese side, in Xinjiang (many of them facing great political difficulties, if not persecutions).
  • Topic: International Relations, International Affairs
  • Political Geography: China
  • Author: Djavad Salehi-Isfahani
  • Publication Date: 02-2019
  • Content Type: Commentary and Analysis
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: The Islamic Republic of Iran marks its 40th anniversary this week. But, with the country beset by a severe economic crisis, the question on everyone’s lips –within Iran and the diaspora alike – seems to be whether the Islamic Revolution has actually improved Iranians’ lives.
  • Topic: International Political Economy, International Affairs
  • Political Geography: Iran
  • Author: Martin S. Feldstein
  • Publication Date: 02-2019
  • Content Type: Commentary and Analysis
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: Earlier this month, the Federal Reserve’s policy-setting Federal Open Market Committee voted unanimously to increase the short-term interest rate by a quarter of a percentage point, taking it from 2.25% to 2.5%. This was the fourth increase in 12 months, a sequence that had been projected a year ago, and the FOMC members also indicated that there would be two more quarter-point increases in 2019. The announcement soon met with widespread disapproval.
  • Topic: International Affairs, Financial Markets
  • Political Geography: Global Focus
  • Author: David Orsmond
  • Publication Date: 12-2019
  • Content Type: Commentary and Analysis
  • Institution: Lowy Institute for International Policy
  • Abstract: China’s economic growth has fallen to its slowest rate since 1990, and this deceleration looks set to continue unless China implements the kinds of deep reforms behind the successful economic transitions of Japan and Korea. China’s economic growth has fallen to its slowest rate since 1990, and this deceleration looks set to continue. Key factors include weakening demographics, inefficient investment, maturing export markets and declining productivity growth rather than the current trade dispute with the United States. To reverse that trend, China will need a wide-ranging policy approach that mimics the policies implemented by Japan and Korea at a similar economic stage. While there are considerable political and economic obstacles to such reforms, if it manages to continue its rapid catch-up to advanced economy incomes the potential returns for both China and the world are significant.
  • Topic: Reform, Economy, Economic growth, Trade Wars, Trade
  • Political Geography: China, Asia, Australia, United States of America
  • Author: Elina Noor
  • Publication Date: 11-2019
  • Content Type: Commentary and Analysis
  • Institution: Lowy Institute for International Policy
  • Abstract: Malaysia’s foreign and security policy faces myriad challenges, but not much is likely to change under Mahathir Mohamad’s ‘New Malaysia’ framework. The return of Mahathir Mohamad to the prime ministership of the country he had previously led for 22 years has raised questions about the direction Malaysia’s foreign and security policy might take. While there may be some course-corrections in foreign and security policy under Mahathir’s Pakatan Harapan government, it will not stray far from the approach of previous administrations. Continuities will include its non-aligned status, its pragmatic dealings with both the United States and China, its focus on ASEAN centrality and Malaysia’s economic development through trade. Malaysia will revisit its earlier “Look East” policy; it has plans to upgrade its defence capabilities in the South China Sea; and it will take a more consultative approach to foreign policy-making.
  • Topic: Security, Foreign Policy, Government, Politics, Economic Development
  • Political Geography: Malaysia, Asia
  • Author: Roland Rajah, Alexandre Dayant, Jonathan Pryke
  • Publication Date: 10-2019
  • Content Type: Commentary and Analysis
  • Institution: Lowy Institute for International Policy
  • Abstract: China has not been engaged in debt trap diplomacy — at least not yet. China has not been the primary driver behind rising debt risks in the Pacific, although a continuation of business as usual would risk future debt problems in several countries. There is scope for a new Australian infrastructure financing facility to provide loans to the Pacific without causing debt problems, particularly as it has adopted key sustainable lending rules. Pacific nations have an opportunity to obtain more favourable financing from official development partners but care must be taken to avoid overly geopolitical aid.
  • Topic: Debt, Development, Infrastructure, Geopolitics, Soft Power, Belt and Road Initiative (BRI)
  • Political Geography: China, Australia, Asia-Pacific
  • Author: Ben Bohane
  • Publication Date: 10-2019
  • Content Type: Commentary and Analysis
  • Institution: Lowy Institute for International Policy
  • Abstract: As Bougainville prepares for a referendum on independence, Australia must navigate a policy response that acknowledges the history of conflict and colonialism there, Bougainville nationalism, PNG sensitivities, the principles of the guiding Bougainville Peace Agreement and new geostrategic realities to help forge a lasting solution. Bougainville is largely ‘referendum ready’ and its people are expected to vote overwhelmingly for independence in the November referendum. While Bougainville has abundant natural resources and a skilled older generation, as an independent nation it would face many challenges including fiscal self-reliance, consensus on mining issues, unity and political integrity. Australia has a significant stake in the outcome and should step up its engagement to remain a trusted peace and security broker in Melanesia. It should not oppose Bougainville’s independence if that is the result under the referendum and peace process, and should take a leading role in ensuring a peaceful resolution between the parties.
  • Topic: Foreign Policy, Colonialism, Conflict, Independence, Referendum
  • Political Geography: Australia, Papua New Guinea, Bougainville, Melanesia
  • Author: Bobo Lo
  • Publication Date: 08-2019
  • Content Type: Commentary and Analysis
  • Institution: Lowy Institute for International Policy
  • Abstract: The rise of Asia is the central challenge of Vladimir Putin’s foreign policy, calling into question long-standing assumptions about Russia’s place in the world. Moscow is now more committed to engagement with the Asia-Pacific than it has ever been. This reflects belated recognition of the region’s critical importance in global affairs. Russia’s ambition to become a major player in the Asia-Pacific faces considerable hurdles. Overcoming them will depend on larger changes in its foreign policy mindset — an uncertain prospect at best.
  • Topic: Foreign Policy, Geopolitics, Economy, Vladimir Putin
  • Political Geography: Russia, Asia-Pacific