Djavad Salehi‐Isfahani received his PhD in Economics from Harvard University and has taught at the University of Pennsylvania and Virginia Tech, where he is currently Professor of Economics. He is the Managing Editor of the Middle East Development Journal and a Research Fellow at the Economic Research Forum (ERF) in Cairo. His research has focused…
Iran has faced more than a decade of sustained economic pressure. Inflation has remained above 40 percent. The rial has experienced repeated episodes of sharp depreciation. Oil exports, once the central pillar of state revenue, have been significantly constrained by sanctions. From the outside, it looks like a system in permanent crisis. Yet despite these…
This episode with Dr Daniel McDowell examines how digital currencies, financial sanctions, and geopolitical competition are shaping the future of the global monetary system. We explore why the US dollar continues to dominate global finance despite political pressure and technological change, how sanctions influence state behaviour, and why network effects make rapid currency shifts unlikely. The discussion also…
The US dollar remains the central pillar of the global financial system. It dominates cross-border payments, underpins trade invoicing, and accounts for the majority of official foreign exchange reserves. Yet in recent years, debates about the durability of dollar dominance have intensified, driven by the expanded use of financial sanctions, the emergence of digital currencies,…
Daniel McDowell is Maxwell Advisory Board Professor of International Affairs at the Maxwell School of Citizenship and Public Affairs at Syracuse University and a Nonresident Senior Fellow at the Atlantic Council’s GeoEconomics Center. He is a former Wilson Center China Fellow. As a scholar, McDowell specializes in the study of financial sanctions, the dynamics of…
This episode with Dr Bobo Lo explores the breakdown of the post-Cold War rules-based international order and what is emerging in its place. We examine why today’s global system is better understood as a condition of disorder rather than a coherent new order, shaped by diffuse power, weakening institutions, and growing mistrust of Western norms, and how the…
Bobo Lo is an independent international relations analyst and a Non-Resident Fellow at the Lowy Institute, Sydney. He was formerly Head of the Russia and Eurasia Programme at Chatham House, and Deputy Head of Mission at the Australian Embassy in Moscow. Past positions and associations have included Director of the China and Russia Programmes at…
The defining feature of today’s international system is not the emergence of a new balance of power, but the absence of a shared framework through which power is exercised. Rather than transition, the system is characterised by fragmentation, uncertainty, and weak consensus over rules, norms, and responsibilities. In a recent episode of The International Risk…
Tae Seok Moon is a YouTuber, director of an NSF global center, professor at the J. Craig Venter Institute (JCVI), Engineering Biology Research Consortium (EBRC) Council Member, SynBYSS Chair, Moonshot Bio founder, European Federation of Biotechnology (EFB) Executive Board Member, and editor of 10 journals, including the New Biotechnology Editor-in-Chief. His 32 funded projects have…
This episode with Dr Tae Seok Moon explores how synthetic biology is rapidly transforming medicine, climate innovation, and industrial production, while introducing new layers of international risk, ethical tension, and governance challenges. We examine how engineered biology is already being used to fight disease, reduce emissions, and address pollution, alongside growing concerns about dual-use risk, biosecurity, and…
