Economics & Business Archive

A meeting in Hobart, Australia, of countries charged with protecting marine life in the waters around Antarctica closed last week without a vote on a joint proposal by New Zealand and the United States to create a marine protected area in the Ross Sea.* In an email interview, Alan D. Hemmings, an environmental consultant and specialist on Antarctic governance and environmental management, discussed the bid to protect the Ross Sea. WPR: What is at stake in the discussion over creating a protected area in the Ross Sea? Alan D. Hemmings: At stake is, critically, the Ross Sea ecosystem — what […]

This summer’s drought in the U.S. has triggered the third major food price spike in the past five years, leaving the world’s poor to wonder if global leaders learned anything from the first two. To judge by their actions so far, they haven’t. The food crisis of the past five years has indeed energized food and agricultural policymakers, bringing long-overdue attention to chronic problems, from underinvestment in smallholder agriculture to overreliance on high-input industrial production. It has seen welcome new institutions brought into being and existing ones revitalized, stimulating new investment in agricultural research and serving as a reminder that […]

In 1992, shortly after the fall of the Berlin wall and the dissolution of the Soviet Union, the prominent German philosopher Peter Sloderdijk wrote that Europe’s hour had come, raising a question of historical importance: Would Europe be able to bind the U.S. and Russia together in a bold trilateral relation defining the new West? Twenty years later, in the aftermath of Russia’s recent presidential election and in the final hours before Tuesday’s presidential election in the U.S., it seems clear that Europe has failed to do so. Rather than being the powerful glue that secures a renewed relationship between […]

During last week’s presidential debate on foreign policy, Republican nominee Mitt Romney missed an opportunity to criticize one aspect of President Barack Obama’s foreign policy that has gone largely unnoticed: the shift away from U.S. international radio broadcasting in favor of more high-tech media outlets. The dangers of the shift were underscored by a new law spearheaded by Russian President Vladimir Putin that will ban radio broadcasting in Russia starting Nov. 10 by companies that are more than 48 percent foreign-owned. Without protest, the American station Radio Liberty — Radio Svoboda in Russian — has decided to comply with the […]

China unveiled new nuclear safety and development plans last week, following a 20-month hold on approving new reactors in the wake of Japan’s Fukushima nuclear disaster. In an email interview, Yun Zhou, a postdoctoral research fellow at the Harvard University Belfer Center’s Project on Managing the Atom and International Security Program, discussed China’s nuclear energy program. WPR: What is the current state of China’s existing nuclear reactors in terms of quality and safety? Yun Zhou: China currently has 15 reactor units in operation and 26 units under construction. The first wave of nuclear reactors was mainly based on foreign designs, […]

Australian Prime Minister Julia Gillard’s recent visit to New Delhi gave India-Australia relations a major boost. In a speech at the end of the trip, Gillard stressed the “compelling” need for a robust bilateral relationship and included India in a select group of countries that matter most for Australia. Security has been catapulted to the forefront of India-Australia relations. The two countries are planning to re-engage in a lapsed quadrilateral security dialogue, an idea initially mooted by Japanese Prime Minister Shinzo Abe in 2007 with the U.S. as the fourth partner. The “arc of democracies,” as the association came to […]