Asia

China

  • China
    To Understand China’s Aggressive Foreign Policy, Look at Its Domestic Politics
    In the past six months, Chinese foreign policy appears to have taken a dramatic and aggressive turn. One way to understand this assertive foreign policy is through the lens of China's internal politics.
  • COVID-19
    Improving Pandemic Preparedness
    COVID-19 has confirmed the U.S. and global vulnerabilities that were repeatedly identified in high-level reports, commissions, and intelligence assessments on pandemic threats for nearly two decades prior to this pandemic. COVID-19 has underscored several truths about pandemics and revealed important shortcomings in current global and national capacities to prepare for, detect, and respond to them. This pandemic will not be the last one that the United States or the world faces. To better prepare for the next crisis, and future waves of the current one, the United States will need to devote considerable political capital and economic resources to reducing the domestic and global vulnerabilities that jeopardize individual, national, and global health security. In this first half of this report, the Task Force presents its major findings grouped into three sections: the inevitability of pandemics and the logic of preparedness; the global response to COVID-19, including the performance of WHO, multilateral forums, and the main international legal agreement governing pandemic disease; and the performance of the United States, also drawing lessons from other countries, including several whose outcomes contrast favorably with the U.S. experience.
  • Emerging Economies
    Reframing the Collective Action Problem in Sovereign Bond Restructuring
    A recent white paper from Lazard points out that emerging market sovereign bond holdings are often fairly concentrated among a handful of big players.  The main impediment to collective action may be less that bond holders are dispersed, and more that a handful of big holders all compete against each other and the benchmark.