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March 26, 2013

Politics and Government
Hello (Welcome Back), Shinzo Abe: Prime Minister of Japan

If at first you don’t succeed, try, try again. That old saying could be the motto of Japanese prime minister Shinzo Abe, who today marks the end of his third month in office. You see, he had this job…

Japanese prime minister Shinzo Abe addresses cadets during a graduation ceremony at the National Defense Academy of Japan (Kiyoshi Ota/Courtesy Reuters).

June 9, 2014

Politics and Government
Hello (Ahlan), Abdul Fattah al-Sisi: President of Egypt

Abdul Fattah al-Sisi took the oath of office as Egypt’s new president yesterday.  He succeeded the interim president, Adly Mansour. And who appointed Mansour? Why, Sisi himself after he and the Egypt…

Sisi-President-Egypt

May 11, 2009

Emerging Markets
Sovereign bailout funds, sovereign development funds, sovereign wealth funds, royal wealth funds …

The classic sovereign wealth fund was an institution that invested a country’s surplus foreign exchange (whether from the buildup of “spare” foreign exchange reserves at the central bank or from the …

May 4, 2016

Energy and Environment
Beyond Climate Confusion: Why Both Energy Innovation and Deployment Matter

I have a new essay in the May/June issue of Foreign Affairs—“The Clean Energy Revolution: Fighting Climate Change with Innovation”—which I co-authored with Teryn Norris, a former advisor at the Depar…

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December 11, 2006

Financial Markets
The GCC’s dollar peg …

China will have a current account surplus of over $200b this year.  China has about 1.3 billion people.   The GCC countries (Saudi Arabia and the small states on the Gulf) will also have a current ac…