Projects
Political Economy Initiative
About the Project

Corruption, trade disputes, economic decoupling, climate change: these are all examples of how the intersecting effects of economics and politics—often playing out at the frontier between international and domestic policy—affect prospects for reducing international conflict, enhancing cooperation, and improving the capacity of countries around the world to meet the needs of their populations.

Carnegie’s Political Economy Initiative features ongoing efforts to help policymakers better understand these dynamics, as well as the ways in which foreign policy tools, economic statecraft, and governance reform can foster greater economic security and mitigate global tensions. Spanning our programs in Washington and our worldwide network of centers, and featuring scholars with expertise ranging from law to politics to economics to international relations, these research endeavors have the potential to guide key decisionmakers in responding to crises and opportunities and to shape ongoing discussions about critical issues regarding economic statecraft and politics.

Our team

Adam Tooze

Nonresident Scholar, Europe Program, Carnegie Europe

Tooze is a nonresident scholar with the Europe Program and Carnegie Europe.

Stewart Patrick

Senior Fellow and Director, Global Order and Institutions Program

Stewart Patrick is a senior fellow and director of the Global Order and Institutions Program at the Carnegie Endowment for International Peace. His primary areas of research focus are the shifting foundations of world order, the future of American internationalism, and the requirements for effective multilateral cooperation on transnational challenges.

Sinan Ülgen

Senior Fellow, Carnegie Europe

Sinan Ülgen is a senior fellow at Carnegie Europe in Brussels, where his research focuses on Turkish foreign policy, transatlantic relations, international trade, economic security, and digital policy.

Zainab Usman

Senior Fellow and Director, Africa Program

Zainab Usman is a senior fellow and inaugural director of the Africa Program at the Carnegie Endowment for International Peace in Washington, D.C. Her fields of expertise include institutions, economic policy, energy policy, and emerging economies in Africa.

Peter Harrell

Nonresident Scholar, American Statecraft Program

Peter Harrell is a nonresident fellow at the Carnegie Endowment for International Peace. He served as senior director for international economics and competitiveness in the National Security Council during the Biden administration.

Kenji Kushida

Senior Fellow, Asia Program

Kenji E. Kushida is a senior fellow for Japan studies in Carnegie’s Asia Program, directing research on Japan, including a new Japan-Silicon Valley Innovation Initiative at Carnegie.

Nur Arafeh

Fellow, Malcolm H. Kerr Carnegie Middle East Center

Nur Arafeh is a fellow at the Malcolm H. Kerr Carnegie Middle East Center, where she is co-leading the program on the political economy of the MENA region. Her research focuses on business-state relations, food insecurity, inequality, peacebuilding strategies, the development-security nexus and Palestinian-Israeli affairs.

Hamza Meddeb

Fellow, Malcolm H. Kerr Carnegie Middle East Center

Hamza Meddeb is a research fellow at the Malcolm H. Kerr Carnegie Middle East Center in Beirut, where he co-leads the Political Economy Program

Rachel Kleinfeld

Senior Fellow, Democracy, Conflict, and Governance Program

Rachel Kleinfeld is a senior fellow in Carnegie’s Democracy, Conflict, and Governance Program, where she focuses on issues of rule of law, security, and governance in democracies experiencing polarization, violence, and other governance problems.

Michael Pettis

Nonresident Senior Fellow, Carnegie China

Michael Pettis is a nonresident senior fellow at the Carnegie Endowment for International Peace. An expert on China’s economy, Pettis is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets. 

Ian Klaus

Founding Director, Carnegie California

Ian Klaus is the founding director of Carnegie California. He is a leading scholar on the nexus of urbanization, geopolitics, and global challenges, with extensive experience as a practitioner of subnational diplomacy.

Christopher S. Chivvis

Senior Fellow and Director, American Statecraft Program

Christopher S. Chivvis is the director of the American Statecraft Program at the Carnegie Endowment for International Peace.

Mariano-Florentino (Tino) Cuéllar

President, Carnegie Endowment for International Peace

Mariano-Florentino (Tino) Cuéllar is the tenth president of the Carnegie Endowment for International Peace. A former justice of the Supreme Court of California, he has served three U.S. presidential administrations at the White House and in federal agencies, and was the Stanley Morrison Professor at Stanford University, where he held appointments in law, political science, and international affairs and led the university’s Freeman Spogli Institute for International Studies.

Robert Greene

Nonresident Scholar, Asia Program and Technology and International Affairs Program

Robert Greene is a nonresident scholar at the Carnegie Endowment for International Peace’s Technology and International Affairs Program and Asia Program, focusing on Chinese financial sector trends and on topics at the nexus of cyberspace governance, global finance, and national security.

Maha Yahya

Director, Malcolm H. Kerr Carnegie Middle East Center

Yahya is director of the Malcolm H. Kerr Carnegie Middle East Center, where her research focuses on citizenship, pluralism, and social justice in the aftermath of the Arab uprisings.

Ashley J. Tellis

Tata Chair for Strategic Affairs

Ashley J. Tellis is the Tata Chair for Strategic Affairs and a senior fellow at the Carnegie Endowment for International Peace, specializing in international security and U.S. foreign and defense policy with a special focus on Asia and the Indian subcontinent.

Yukon Huang

Senior Fellow, Asia Program

Huang is a senior fellow in the Carnegie Asia Program where his research focuses on China’s economy and its regional and global impact.

Bentley Allan

Nonresident Scholar, Sustainability, Climate, and Geopolitics Program

Bentley Allan is a nonresident scholar in the Sustainability, Climate, and Geopolitics Program at the Carnegie Endowment for International Peace.

Zachary D. Carter

Nonresident Fellow, Global Order and Institutions Program

Zachary D. Carter is a nonresident fellow with the Global Order and Institutions Program at the Carnegie Endowment for International Peace, where he analyzes geopolitics through an economic lens.

All work from Political Economy Initiative

21 Results
article
How Is China’s Economic Transition Affecting Its Relations With Africa?

China’s slowing growth will increasingly impact its economic relations with Africa. Policy directions within African countries and third parties such as the United States will greatly shape how these changes in the China-Africa relationship continue to unfold.

· May 30, 2024
event
BRICS Dedollarization: Rhetoric Versus Reality
January 23, 2024

As the BRICS bloc grows to include Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE, this year could bring about greater renminbi use across emerging markets—thanks in part to the growth of renminbi financial channels across BRICS countries.

article
The Silicon Valley Model and Technological Trajectories in Context

The Silicon Valley model offers lessons for regions around the world as they look to grow their own startup ecosystems.

· January 9, 2024
paper
Misfortune to Marginalization: The Geopolitical Impact of Structural Economic Failings in Egypt, Tunisia, and Lebanon

The food, energy, and debt crises in the Middle East and North Africa have exacerbated structural economic weaknesses of low- and middle-income countries—particularly Egypt, Tunisia, and Lebanon—creating mounting pressure on domestic political orders and worsening these countries’ geopolitical marginalization.

· January 8, 2024
event
The Gaza War: National, Regional, and Global Economic Ramifications
December 21, 2023

How has the war, which has so thoroughly devastated Gaza, affected the economy of Israel and that of the Israeli-occupied West Bank (including East Jerusalem)? To address these questions and others, the Malcolm H. Kerr Carnegie Middle East Center is organizing a policy webinar on Thursday, December 21, 2023, at 5 PM Beirut time, 10 AM / DC Time, with Raja Khalidi and Timothy Kaldas.

event
Rewiring the U.S.-Africa Tech Landscape: An Annual Review of the Digital Transformation with Africa Initiative
December 12, 2023

With financial commitments of over $350 million in investment and $450 million more in financing facilitation, the U.S. Digital Transformation with Africa aims to close the digital gap in Africa through investment across three core areas: the digital economy and infrastructure, human capital development, and the digital enabling environment.

  • +7
  • Jane Munga
  • Zainab Usman
  • Ashley Bubna
  • Christopher Burns
  • Dana L. Banks
  • Fred Stewart
  • Judd Devermont
  • Michael Jordan
  • Sydney Kamlager-Dove
  • Lisa Coppé
paper
The Difficult Realities of the BRICS’ Dedollarization Efforts—and the Renminbi’s Role

As the BRICS bloc expands, efforts by BRICS policymakers to increase global use of non-dollar currencies—particularly the Chinese renminbi—are accelerating. Washington should take note of how frustrations with the dollar are helping enable the rise of the renminbi in emerging markets and motivating strategic partners like India to push for greater use of non-dollar currencies.

· December 5, 2023
event
Pivotal States: Where Does the U.S.-South Africa Strategic Partnership Go From Here?
November 9, 2023

Sharp geopolitical differences have brought U.S.-South Africa relations close to the breaking point. Yet the country remains a key player on the African continent. As the United States revamps its Africa strategy, should South Africa's importance outweigh its disagreements with Washington?

paper
Building a Net-Zero World: How U.S. Finance Can Strengthen Clean Energy Manufacturing Abroad

With strategic use of its development finance tools, the United States can promote clean energy manufacturing outside of China and help partner countries in the Global South become more than sources of raw materials.

· September 5, 2023
article
What a U.S.-DRC-Zambia Electric Vehicle Batteries Deal Reveals About the New U.S. Approach Toward Africa

The U.S.-DRC-Zambia memorandum of understanding demonstrates how the United States aims to counter China and bolster its clean energy supply chains by deepening ties with African nations. Yet how distinct is the U.S. approach from the Chinese approach to such deals?

· August 21, 2023