Background Paper No. 24
By Peter Jarka-Sellers
By Julianne Smith and Lindsey Ford
American allies are rapidly transforming their relationships whether Washington likes it or not; these networks can either serve or undermine U.S. interests depending on how Washington engages with them. If the United States fails to reset ties with Asian and European partners, it risks being left on the sidelines of a rapidly changing world order.
By Udaibir Das
What began as a spread on a bond has become a spread across the sovereign balance sheet. The 2025 annual meetings have made clear that incremental adjustments will not suffice. Until new institutions and norms emerge, sovereigns will continue to pay in basis points and in ownership and discover that what the premium buys is not sovereignty, but postponement.
Background Paper No. 35
By Udaibir Das and Hansika Nath
Ongoing armed conflicts in Europe and the Middle East and a fractured trade relationship between the world’s two largest economies, the United States and China, mean the energy transition cannot take economic integration and its accompanying benefits for granted.
Special Report
By Raj Sawhney, Shayak Sengupta, and Gregory Wischer
Editor: Shayak Sengupta
By Sadiq Amini
These days, Afghan democrats need a champion, and India, under Modi’s leadership, could be that champion – if New Delhi can correct course on its Afghanistan policy.
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