Get Tough on Saudi Nuclear Plans

Journal of Political Risk, Vol. 14, No. 8, August 2026

By Anders Corr

Nukes should be a no-go for authoritarian countries, including Turkey and Egypt.

Decommissioned Titan II intercontinental ballistic missile (ICBM)  at the Titan Missile Museum, Green Valley, Sahuarita, Arizona. Source: Stephen Cobb.

Decommissioned Titan II intercontinental ballistic missile (ICBM) at the Titan Missile Museum, Green Valley, Sahuarita, Arizona. Source: Stephen Cobb.

Saudi Arabia wants to build nuclear power plants using U.S. technology. This would be a boon to the U.S. civil nuclear energy industry and limit Russian and Chinese nuclear cooperation with Riyadh. The deal is expected to endure 30 years and yield tens of billions in revenues to U.S. companies. Westinghouse Electric Company would likely benefit from at least some of the contracts that result. China has for years outcompeted Westinghouse in exports, so a win in Saudi Arabia would be a win for the United States.

However, there is a nuclear weapons proliferation risk, especially with Saudi Arabia. The authoritarian country and U.S. ally is suspected of seeking nuclear weapons, including through reported nuclear weapons cooperation with Pakistan. According to Tim Willasey-Wilsey, who worked as a diplomat for the British government, “Saudi Arabia had helped fund Pakistan’s nuclear programme since the early 1970s, and Pakistan had reciprocated by providing troops to defend the holy cities of Mecca and Medina.” Willasey-Wilsey was informed in 2010 that “two nuclear-armed aircraft (probably Mirage IIIs at the time) with Pakistani air and ground crews would be placed at the disposal of the Saudis at moments of crisis.” Continue reading

Emerging Market Index: An Interview with Life + Liberty’s Perth Tolle

Journal of Political Risk, Vol.9, No. 11, November 2021

Perth Tolle is depicted smiling in a white shirt and black blazer.

Perth Tolle, the founder of Life + Liberty Indexes and the creator of the Freedom 100 EM Index.

Anders Corr, Ph.D.
Publisher of the Journal of Political Risk

This JPR interview with Perth Tolle, founder of Life + Liberty Indexes and creator of the Freedom 100 EM Index, was conducted via email between 14 September 2021 and the 25 November 2021. 

Corr: Can you please explain what your ETF is for those who have no financial experience?

Tolle: An ETF, or exchange traded fund, is a tradable basket of securities, similar to a mutual fund. But unlike mutual funds, ETFs trade on exchanges, and are known for their transparency, tax efficiency, and lower cost.

Most ETFs track an index. And most indexes are market capitalization weighted – where the biggest companies,  and countries, by their market capitalization, get the biggest allocations in the index.

There are three main categories of country classifications for global stocks – developed markets (DM), emerging markets (EM) and frontier markets (FM). Continue reading

Yemen: Carnage or Strategy? What is the War Really About?

Journal of Political Risk, Vol. 9, No. 3, March 2021

Map of Yemen's insurgency, according to published reports. Pink: Controlled by Hadi-led government. Green: Controlled by Revolutionary Committee. Tan: Controlled by Southern Transitional Council. White: Controlled by Ansar al-Sharia/AQAP forces. Grey: Controlled by the Islamic State of Iraq and the Levant (ISIL). Blue: Controlled by local, non-aligned forces like the Hadhramaut Tribal Alliance. Salmon: Controlled by forces loyal to Ali Abdullah Saleh.

Map of Yemen’s insurgency, according to published reports. Pink: Controlled by Hadi-led government. Green: Controlled by Revolutionary Committee. Tan: Controlled by Southern Transitional Council. White: Controlled by Ansar al-Sharia/AQAP forces. Grey: Controlled by the Islamic State of Iraq and the Levant (ISIL). Blue: Controlled by local, non-aligned forces like the Hadhramaut Tribal Alliance. Salmon: Controlled by forces loyal to Ali Abdullah Saleh. Source: Ali Zifan.

William R. Hawkins
Former U.S. House Foreign Affairs Committee member

Every new President is challenged by foreign adversaries early in their term to test how U.S. policy may change with a new administration. Iran did not wait long to send its proxies into combat against American forces and allies. In Iraq, Shiite militia groups launched rockets attacks which wounded several Americans. On February 26, President Joe Biden sent air strikes against several related militia targets in Syria in retaliation. This seemed a continuation of President Donald Trump’s policy of muscular deterrence inaugurated by the drone strike that killed Maj. Gen. Qassem Suleimani, commander of Iran’s Quds Force, while he was meeting with Iraqi militia leaders on January 3, 2020. President Biden sent a further message of deterrence to Tehran with a show of force by two B-52 strategic bombers escorted by Israeli fighters. The connection was important because an Israeli ship docked in Dubai was bombed by terrorists suspected of working for Iran on February 25.  

In Yemen, Iran’s proxy Houthi rebels have stepped up attacks by drones and ballistic missiles against Saudi Arabia, targeting both population centers and oil industry targets. Every few days, another barrage is launched. On March 7, Houthi Brigadier Yahya Sareea claimed the group had fired 14 drones and eight missiles at Ras Tanura, one of the world’s biggest oil ports, and other targets near their border. In retaliation, the Saudi-led coalition fighting the Houthi renewed their air campaign in Yemen with strikes at the rebel-held capital of Sana’a and other key targets. The coalition had pulled back on their air strikes due to pressure from the U.S., but restraint by Riyad and Washington has only encouraged the rebels. Continue reading

Defeating China: Five Strategies

Journal of Political Risk, Vol. 8, No. 4, April 2020

Fighter jets of the U.S. Navy Blue Angels demonstration squadron fly over the Lincoln Memorial during the Fourth of July Celebration 'Salute to America' event in Washington, D.C.

Fighter jets of the U.S. Navy Blue Angels demonstration squadron fly over the Lincoln Memorial during the Fourth of July Celebration ‘Salute to America’ event in Washington, D.C., U.S., on Thursday, July 4, 2019. Source: Official White House Photo by Joyce N. Boghosian.

By Anders Corr, Ph.D.
Publisher of the Journal of Political Risk

Since 1989, when China massacred thousands of its own people in Tiananmen Square to stop a pro-democracy protest, the country has arguably grown into the world’s most powerful and centralized state. China’s GDP by purchasing power parity (PPP) is approximately $25.4 trillion, while the U.S. GDP PPP is only about $20.5 trillion.[1] One man, Chinese President Xi Jinping, has almost total control of China’s economy and a leadership position for life. China’s authoritarian system, most recently, allowed the COVID-19 virus to become a pandemic. By the time it is controlled, it may have killed up to millions of people.

Compared to Xi Jinping, political leaders in democracies have comparatively little economic power. U.S. President Donald Trump, for example, has only partial control of the smaller (by purchasing power parity when compared to China) U.S. economy, and must be reelected in 2020 to continue his tenure for a maximum of an additional four years.

Continue reading

As MENA States Grow Increasingly Repressive, Businesses Should Lead Reform

Journal of Political Risk, Vol. 7, No. 8, August 2019

Two women dressed in black are pictured side-by-side looking at documents together. Both wear head coverings.

A business tête–à–tête. Source: Pxhere.

Dr. Ramy Abdu
Founder and Chairman of the Euro-Mediterranean Human Rights Monitor

Nine years after the so-called “Arab Spring” protests swept the Middle East and North Africa, with mostly young people calling for the end of autocracy and respect for their human rights, civil and human rights are more at risk than ever. Governments across the region engage in vicious, factional wars for control (Syria, Yemen, Libya); are more dictatorial than ever (Egypt, Saudi Arabia); or continue to colonize and control populations with fewer means to defend themselves (Israel of Palestinians and Morocco of Western Sahara). When new civil uprisings do occur (Sudan, Algeria), the entrenched elites fight to fend off popular democracy.

Continue reading