Foreign investment regimes: three things the West needs to better protect national security

As concern over strategic investments increases, many countries now seek to adapt their rules around foreign direct investment (FDI) and national security. Ashley Thomas Lenihan writes that consistent rules, open lines of communication, and institutional capacity are all needed to have an effective transatlantic coordination regime on FDI and national security that fully addresses the risks posed by strategic foreign investments from China, Russia, and beyond. This is the fourth in a series of blog posts summarising the new report ‘Protect, Constrain, Contest’, by LSE IDEAS, the foreign policy think tank at LSE

Protect, constrain, contest: approaches for coordinated transatlantic economic and technological competition with China

The Biden Presidency offers opportunities for a renewed effort at formulating a coordinated allied approach to technological and economic competition with China. The latest report from China Foresight at LSE IDEAS provides a guiding framework for transatlantic coordination, and offers insights into key elements of future cooperation. While challenges abound, the opportunities for action prove just as great in number

Dearth and the English revolution : the harvest crisis of 1647-50

This article reconstructs the nature and scale of dearth in the late 1640s, emphasizing the coincidence of economic distress with constitutional crisis. It reconsiders the parish register evidence for subsistence crisis; examines the responses of central and local government; analyses the role of popular agency, especially though petitioning campaigns, in prompting reluctant magistrates to regulate the grain markets along lines stipulated by the late Elizabethan and early Stuart dearth orders, which had not been proclaimed since 1630; and accordingly suggests that the late 1640s represents a missing link in the historiography of responses to harvest failure

Genomic investigations of unexplained acute hepatitis in children

Since its first identification in Scotland, over 1,000 cases of unexplained paediatric hepatitis in children have been reported worldwide, including 278 cases in the UK1. Here we report an investigation of 38 cases, 66 age-matched immunocompetent controls and 21 immunocompromised comparator participants, using a combination of genomic, transcriptomic, proteomic and immunohistochemical methods. We detected high levels of adeno-associated virus 2 (AAV2) DNA in the liver, blood, plasma or stool from 27 of 28 cases. We found low levels of adenovirus (HAdV) and human herpesvirus 6B (HHV-6B) in 23 of 31 and 16 of 23, respectively, of the cases tested. By contrast, AAV2 was infrequently detected and at low titre in the blood or the liver from control children with HAdV, even when profoundly immunosuppressed. AAV2, HAdV and HHV-6 phylogeny excluded the emergence of novel strains in cases. Histological analyses of explanted livers showed enrichment for T cells and B lineage cells. Proteomic comparison of liver tissue from cases and healthy controls identified increased expression of HLA class 2, immunoglobulin variable regions and complement proteins. HAdV and AAV2 proteins were not detected in the livers. Instead, we identified AAV2 DNA complexes reflecting both HAdV-mediated and HHV-6B-mediated replication. We hypothesize that high levels of abnormal AAV2 replication products aided by HAdV and, in severe cases, HHV-6B may have triggered immune-mediated hepatic disease in genetically and immunologically predisposed children

Balancing power without weapons : state intervention into cross-border mergers and acquisitions

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Balancing Power without Weapons

Why do states block some foreign direct investment on national security grounds even when it originates from within their own security community? Government intervention into foreign takeovers of domestic companies is on the rise, and many observers find it surprising that states engage in such behavior not only against their strategic and military competitors, but also against their closest allies. Ashley Thomas Lenihan argues that such puzzling behavior can be explained by recognizing that states use intervention into cross-border mergers and acquisitions as a tool of statecraft to internally balance the economic and military power of other states through non-military means. This book tests this theory using quantitative and qualitative analysis of transactions in the United States, Russia, China, and fifteen European Union states

Sovereign wealth funds and the acquisition of power

Sovereign wealth funds (SWFs) are increasingly powerful actors in the international political system and world economy. The current discourse often focuses on SWFs as political versus market actors. In this exploratory article, however, it is shown that SWFs may be both. They may be employed as a means to increase a state's relative economic power, even when their individual investments are generally made on the basis of economic, market-driven, logic. After a brief overview of SWFs, and literature review of the issues that attend them, I examine the traditional neorealist understanding of internal balancing and argue that there is evidence to support the claim that SWFs can be employed as tools of this state strategy. Four methods, and two cases (Singapore and China), of internal balancing through SWFs are then examined. I find that some SWFs are used for internal balancing purposes in the conventional sense, but that the phenomena may be better captured by the newer concept of non-military internal balancing (in which a state's relative economic power is enhanced without damage to the overall relationship they currently maintain with the target state)

Balancing Power without Weapons

Why do states block some foreign direct investment on national security grounds even when it originates from within their own security community? Government intervention into foreign takeovers of domestic companies is on the rise, and many observers find it surprising that states engage in such behavior not only against their strategic and military competitors, but also against their closest allies. Ashley Thomas Lenihan argues that such puzzling behavior can be explained by recognizing that states use intervention into cross-border mergers and acquisitions as a tool of statecraft to internally balance the economic and military power of other states through non-military means. This book tests this theory using quantitative and qualitative analysis of transactions in the United States, Russia, China, and fifteen European Union states

Social dimensions of evidence-based policy in a digital society

A plethora of evidence demonstrates the effects of the digitisation of society on everyday life. Developments in web science (the world wide web), online technologies (internet of things, social media, e-governance), artificial intelligence and robotics present major challenges for contemporary societies. These technological advances create risks (loss of autonomy, cybercrime, online abuse, threats to children’s safety and national security) and opportunities (climate change mitigation, responses to global health scourges, medical therapies, intergenerational connectivity, smart cities). This article focusses on the contribution of the social sciences to the digital revolution, whether it be in the public or private sectors, civil society or households. The authors explore how technological innovations can result from international cooperation between researchers in different disciplines. They consider how evidence from the social sciences is used to measure the societal impacts of technological change in different cultural, economic and political contexts. They review the ethical issues raised by the datafication of society and autonomous learning machines, while assessing the contribution of social sciences to the policymaking process in the digital age