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The Think-Tank Dilemma

24 18 79
21.01.2019

TOKYO – The Brookings Institution in Washington, DC – perhaps the world’s top think tank – is under scrutiny for receiving six-figure donations from Chinese telecommunications giant Huawei, which many consider to be a security threat. And since the barbaric murder of Saudi journalist Jamal Khashoggi last October, many other Washington-based think tanks have come under pressure to stop accepting donations from Saudi Arabia.

Jan 18, 2019 Anatole Kaletsky suggests that, instead of being predictive, investor behavior has become increasingly reactive.

These recent controversies have given rise to a narrative that Washington-based think tanks are facing a funding crisis. In fact, traditional think tanks are confronting three major challenges that have put them in a uniquely difficult situation. Not only are they facing increased competition from for-profit think tanks such as the McKinsey Global Institute and the Eurasia Group; they also must negotiate rising geopolitical tensions, especially between the United States and China. And complicating matters further, many citizens, goaded by populist harangues, have become dismissive of “experts” and the fact-based analyses that think tanks produce (or at least should produce).

With respect to the first challenge, Daniel Drezner of Tufts University argues in The Ideas Industry: How Pessimists, Partisans, and Plutocrats are Transforming the Marketplace of Ideas that for-profit think tanks have engaged in thought leadership by operating as platforms for provocative thinkers who push big ideas. Whereas many non-profit think tanks – as........

© Project Syndicate