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COVID-19 and climate change expose dangers of unstable supply chains

With the world undergoing its second “once in a generation” disruption in 12 years, a reappraisal of supply chains is in order. The COVID-19 pandemic has revealed how fragile lengthy, complex supply chains can be—and how much society has riding on their continued smooth functioning. In recent decades, global supply chains have evolved in ways…

To take off, flying vehicles first need places to land

The dream of using new technologies to rise above the ever-increasing urban-road congestion has gained significant momentum. Many businesses are planning to build, operate, or manufacture urban-air-mobility (UAM) vehicles. These vehicles could eventually reach price points rivaling today’s taxi services and will be energy efficient, quiet, environmentally friendly, and eventually pilotless. But as this article explores to…

Reimagining emerging ASEAN in the wake of COVID-19

Larger, developed nations have generally had the resources and infrastructure to weather the global pandemic and provide a solid foundation for recovery. Less-developed countries, including emerging ASEAN (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) began the crisis at a disadvantage, and COVID-19 exposed and often heightened their challenges. McKinsey has conducted research on emerging ASEAN countries…

The weak dollar: why it won’t be replaced as global reserve currency

Stock markets have been very strange this year. We witnessed the fastest sell-off in history between February and March, with the S&P 500 falling more than 30%, only to enjoy the best recovery ever, reaching an all-time high on August 21. Institutional investors and especially pension funds have gone from panicking to completely reconsidering their long-term asset allocations. What…

Blossom Festival

The Japan Shinzo Abe Has Left Behind

By BILL EMMOTT originally published in Project Syndicate This article by Bill Emmott considers Japan with the departure of Prime Minister Shinzo Abe. By leaving office now, as modern Japan’s longest-serving prime minister, Shinzo Abe will set the terms of his departure instead of allowing dagger-wielding rivals to do it for him. He will leave…

Europe must resist Erdogan in Eastern Mediterranean

Marco Vicenzino, a member of the Institute’s International Advisory Council, considers the escalating maritime dispute between Turkey and Greece and concludes it can no longer be viewed as a bilateral issue but one seen in the broader context of Turkey-European relations. The escalating maritime dispute between Turkey and Greece involving the delimitation of their continental…

Russia Loosens Its Belt

By Ankur Shah. This article was originally published in Foreign Policy. Russia’s foreign minister bowed out of China’s high-level Belt and Road meeting. Is Moscow finally signalling its discontent over the initiative? This article by Ankur Shah who previously wrote an article for the Institute explores China’s response to Russia’s ambivalence to its Belt &…

Preventing future waves of COVID-19

When history books one day recount the COVID-19 pandemic of 2020, it may well be a tale of human ingenuity and adaptiveness. Although the novel coronavirus (SARS-CoV-2), the virus that causes COVID-19, has infected more than 24 million people and left more than 800,000 dead as of this writing, the early projections of mortality were much…