Du bon usage des fonds souverains

This Opinion was originally published in globalpolicyjournal.com ...

There is a story told by Václav Havel, the Czech dissident writer who later became president after the fall of communism. In his essay The Power of the Powerless, Havel describes a shopkeeper who, every morning, places a sign in his window reading: “Workers of the world, unite!” He does not believe in it. Nor do the people around him. Yet the sign remains. ...

The U.S.–China technological rivalry has become a central axis of global economic and geopolitical competition. While the United States continues to lead in frontier innovation—most notably in advanced semiconductors and artificial intelligence (AI)—China has consolidated strengths in large-scale implementation, manufacturing capacity, and control over critical segments of global supply chains. These advantages are especially visible in clean energy technologies and in the processin ...

This Paper was originally published on orient-online.com  The Western Mediterranean’s exposure to the Sahel is usually framed in terms of security spillovers and crisis management. This paper argues that this framing misreads how Sahelian access conditions now shape Mediterranean integration. Morocco’s Atlantic Initiative is a state-led corridor strategy combining Atlantic port infrastructure, inland transit routes, and energy systems to connect landlocked Sahelian economi ...

This article examines the quiet but profound implications of the erosion of U.S.-led hegemony for small and vulnerable states of the New South. While the post-1945 international order was never egalitarian, it offered predictability: power was organized through law, and sovereignty for weaker states rested less on justice than on procedural stability. Davos 2026 marked a turning point in the public acknowledgment of that system’s unraveling. Statements by leading Western figures rev ...

From the use of tariffs as a foreign policy instrument, to the weaponization of critical resources, and from targeted sanctions to attacks on critical infrastructure, economic security is at the forefront of international debates. The aggressive use of economic instruments for strategic purposes has become an explicit feature of international affairs, in a way not seen since the interwar period[1]. Beyond the weaponization of resources of all kinds, an increasing ‘monetization’ is u ...

Global cooperation is under stress. It hardly requires detailed analysis: the international system is in a profound crisis, when seen from many Northern vantage points. What if we see the same turbulence but from a different vantage point? For many in the Global South the current period signals risk, but also opportunity. That the same events could spark a sense of crisis in one group but opportunity in another is nothing new. However, the sheer scale, speed, and scope of recen ...

The return of President Donald Trump to the White House at the start of 2025 was expected to signal an American retreat from international engagement, especially in regions of traditional security interest, such as southern Europe, North Africa, and the Middle East. To the surprise of many observers around the Mediterranean, and perhaps to the dismay of some in the Trump administration’s ideological orbit, this has not happened. If anything, the second half of 2025 has seen a high d ...