Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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December 30, 2007
China
Does the China investment corporation (CIC) have a coherent investment strategy?
I personally would say no. And I am not alone. Tan Wei of mergermarket.com reports (in the FT) “a source familiar with the Chinese government’s thinking … who has direct access to the Chinese g…
December 21, 2006
Emerging Markets
Crises of too much v. crises of too little
I was not all that impressed by the “day after” coverage of Thailand’s capital controls in the financial press. Everyone initially looked for parallels to 1997 – and signs that the most recen…
April 26, 2013
United States
Sea Power in the Pacific, Drones in Lebanon, and America’s “Dirty Wars”
David C. Gompert, “Sea Power and American Interests in the Western Pacific,” Rand Corportation, to be published June 3, 2013, pp. 160-162. If we are indeed in for a change in the basic premise of s…
July 30, 2007
Monetary Policy
The shift toward sovereign wealth funds: the policy debate
Both the Financial Times and the Wall Street Journal have done a great job reporting on the rise of sovereign wealth funds. Joanna Chung and Tony Tassel’s nuanced analysis of the impact of sovereig…
April 23, 2005
Economics
A glass half empty, in three different ways
It seems to me that there are three big risks - the result of what economists like to call imbalances -- hanging over the global economy, even leaving aside the possibility of an old fashioned oil su…