Society

FSI researchers work to understand continuity and change in societies as they confront their problems and opportunities. This includes the implications of migration and human trafficking. What happens to a society when young girls exit the sex trade? How do groups moving between locations impact societies, economies, self-identity and citizenship? What are the ethnic challenges faced by an increasingly diverse European Union? From a policy perspective, scholars also work to investigate the consequences of security-related measures for society and its values.

The Europe Center reflects much of FSI’s agenda of investigating societies, serving as a forum for experts to research the cultures, religions and people of Europe. The Center sponsors several seminars and lectures, as well as visiting scholars.

Societal research also addresses issues of demography and aging, such as the social and economic challenges of providing health care for an aging population. How do older adults make decisions, and what societal tools need to be in place to ensure the resulting decisions are well-informed? FSI regularly brings in international scholars to look at these issues. They discuss how adults care for their older parents in rural China as well as the economic aspects of aging populations in China and India.

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China's protracted regional conflicts of 1967 and 1968 have long been understood as struggles between conservative and radical forces whose opposed interests were so deeply rooted in existing patterns of power and privilege that they defied the imposition of military control. This study of Nanjing, a key provincial capital that experienced prolonged factional conflict, yields a new explanation: the conflicts were prolonged precisely because they could not be characterized as pitting "conservatives" against "radicals," making it difficult for central officials, local military forces, or Mao Zedong to decide how to resolve them. Furthermore, Beijing officials, regional military forces, and local civilian cadres were themselves divided against one another, exacerbating and prolonging local conflicts. In competing for approval from central authorities, local factions adopted opportunistic and rapidly shifting political stances designed to portray their opponents as reactionary conservatives—charges that had no basis in fact.

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Journal of Asian Studies
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Andrew G. Walder
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Europe dominated the 19th century. The 20th century saw the rise of the United States. Will the 21st century be "the Chinese Century"? Using a series of Harvard Business School Cases, this lecture will explore production, consumption, and education for China's new middle class, and think about China's future, in the light of its past.

William C. Kirby is T. M. Chang Professor of China Studies at Harvard University and Spangler Family Professor of Business Administration at the Harvard Business School. He is a Harvard University Distinguished Service Professor. He serves as Director of the Fairbank Center for Chinese Studies and Chairman of the Harvard China Fund.

A historian of modern China, Professor Kirby's work examines China's business, economic, and political development in an international context. He has written on the evolution of modern Chinese business (state-owned and private); Chinese corporate law and company structure; the history of freedom in China; the international socialist economy of the 1950s; relations across the Taiwan Strait; and China's relations with Europe and America. His current projects include case studies of contemporary Chinese businesses and a comparative study of higher education in China, Europe, and the United States.

This talk is co-sponsored with the Center for East Asian Studies (CEAS).

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William C. Kirby T. M. Chang Professor of China Studies at Harvard University and Spangler Family Professor of Business Administration Speaker Harvard Business School
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Shorenstein APARC
Stanford University
Encina Hall C332
Stanford, CA 94305-6055

(650) 724-6710 (650) 723-6530
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2011 Visiting Scholar
picture.jpg MA, PhD

Dr. Xiaowen Zhang is a visiting scholar from the National Development and Reform Commission (NDRC), China. During his stay, he will conduct a comparative study on enterprises restructuring funds between China and the United States.

Dr. Zhang is currently the director of the Department of Enterprise, in the Institute of Economic System and Management at  NDRC, People's Republic of China. He is in charge of completing various studies involving national economic reforming for China. Dr. Zhang's main fields of interests include the reforming of national-owned enterprises, and relative policy studies in China. He latest research involves projects on the strategic adjusting and restructuring of China's economic industrial structure.

Dr. Zhang received a Ph.D in Management from Haerbin Industry University. He is a graduate of Education Management Science and Engineering from Beijing College of Machine Industry and Management. He holds a B.S. in Metal Material  from Jilin Industry University.

 

Recent Publications:

Dr. Zhang has published more than 80 papers on various major economic and management academic journals in China. Three recent academic works are as follows:

Xiaowen Zhang, Haichao Li, Jianmei Wang, System innovating and Competitiveness, Enterprise Management Publishing Company,March,2010, first Edition.

Qingrui Xu, Zhong Chen, Jin Chen,Xiaoqing Zhao, Xiaowen Zhang, the basic law and pattern of operation and management of china national -owned Enterprises, Publishing Company of Zhejiang University, May,2001, first Edition.

Shuren Liu, Jiuda Zhang, Xiaowen Zhang, The quantitative evaluating of vitality for china enterprises, Publishing Company of China International Broadcasting, 1995, first Edition.

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AgingAsia

In the past fifty years, two factors have led to global population aging: a decline in fertility to levels close to—or even below—replacement and a decline in mortality that has increased world average life expectancy by nearly 67 percent. As the population skews toward fewer young people and more elderly who live longer postretirement lives, demographic changes—labor force participation, savings, economic growth, living arrangements, marriage markets, and social policy—are transforming society in fundamental, irreversible ways.

Nowhere are these effects of aging and demographic change more acute—nor their long-term effects more potentially significant—than in the Asia-Pacific region. How will these developments impact the economies and social protection systems of Japan, South Korea, China, and, by extension, the United States?

To assess this question, Aging Asia showcases cutting-edge, policy-relevant research. The first section focuses on demographic trends and their economic implications; the second section approaches select topics from a global comparative perspective, including social insurance financing, medical costs, and long-term care.

Desk, examination, or review copies can be requested through Stanford University Press.

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 The Economic and Social Implications of Rapid Demographic Change in China, Japan, and South Korea

Authors
Karen Eggleston
Book Publisher
Shorenstein APARC
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China and the World: The Stanford China Program, in cooperation with the Center for East Asian Studies, will host a special series of seminars to examine China as a major political and economic actor on the world stage. Over the course of the autumn and winter terms, leading scholars will examine China's actions and policies in the new global political economy. What is China's role in global governance? What is the state of China's relations with its Asian neighbors? Is China being more assertive both diplomatically as well as militarily? Are economic interests shaping its foreign policies? What role does China play amidst international conflicts?

M. Taylor Fravel is the Cecil and Ida Green Career Development Associate Professor of Political Science and member of the Security Studies Program at MIT. He studies international relations, with a focus on international security, China, and East Asia.  His current projects examine the evolution of China's military strategy since 1949 and the relationship between material capabilities and political influence in China's rise as a great power.

This event is part of the China and the World series.

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M. Taylor Fravel Associate Professor of Political Science Speaker MIT
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In his new book, Ancestral Leaves, Esherick tells the story of one family through a tumultuous period of Chinese history. Through the lives of the Ye ("leaves" in Chinese) family members, we see the human dimensions of the grand narrative of modern China: the vast and destructive rebellions of the nineteenth century, the economic growth and social change of the republican era, the Japanese invasion in World War II, and the Cultural Revolution under the Chinese Communists. This is a story of social and political change told through family history. 

The family endures but is transformed from a multi-generation extended family to a linked group of nuclear families. Gender roles evolve as women are educated for careers of their own. In the twentieth century, young people are influenced by new radical ideas from friends and school, and the brothers coming of age in the 1930s each charts a separate course during the War of Resistance to Japan: some becoming Communists, some working with the Nationalist Chinese regime, some joining the liberal Democratic League, and one studying in the U.S. The choices they make during the war will fix their status under the new Communist regime, and when they are targeted during the Cultural Revolution, their families suffer with them.

In his talk on "Family and State in Modern China," Esherick will introduce Ancestral Leaves and explore some implications of the book for our understanding of the relationship between the family and the state in modern Chinese history.

Joseph W. Esherick is Professor of Modern Chinese History at the University of California, San Diego. He is the author of The Origins of the Boxer Uprising (UC Press) and co-editor of The Chinese Cultural Revolution as History, among many books.

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Joseph W. Esherick Professor of History Speaker UCSD
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While Shanghai and Hong Kong are often viewed as the financial centers of China, Beijing, the capital, is in reality where all financial decisions are made-decisions that affect the country's banking system and overall financial structure, which has implications on a global level. Carl Walter, a managing director of JPMorgan China, spoke at a Stanford China Program seminar on November 1 about the frequent changes in China's banking system since 1949 and the cost of these reforms within and outside of China.

China's banking system is currently controlled by the Ministry of Finance (MOF), which has competed at several points with the People's Bank of China (PBOC) for influence within the state bureacracy. During the Cultural Revolution period, MOF first moved to the fore of China's banking system, merging together the until-then separate PBOC and Bank of China (BOC) and eliminating all other banks. With China's "Open Door" economic reforms of 1978, the banks were again separated, with PBOC having oversight for three commercial banks and MOF for two, including BOC. In 1994, authority for all commercial banks, such as BOC and the Agricultural Bank of China (ABC), moved to PBOC and MOF took control of three newly established policy banks, such as China Development Bank and the Agricultural Development Bank. Premier Zhu Rongji drove these and all other banking reforms until 2003.

Major bank restructuring has taken place since 1998, the big four banks were re-capitalized, problem loans spun off into four "bad" banks and the international accounting system adopted in preparation for international share offering on both domestic and international markets. All four banks successfully raised capital internationally and domestically over the past five years. Two large sovereign wealth fund-like entities came into being-Huijin, controlled by PBOC, and China Investment Corporation (CIC), operated under MOF- that were used to hold the Chinese state ownership of these banks.  The year that it was established in 2007, CIC acquired Huijin and MOF thereby indirectly gained control of all of the banks under PBOC.

The greatly increased level of bank capital achieved through restructuring and recapitalization was eroded, however, due to the enormous growth of loans in 2009 so that China now is faced with raising virtually the same amount of capital again, stated Walter. Everyone is paying the price, including international and domestic equity investors, who are being diluted, and China's own government, which to avoid dilution, must buy new shares at high market prices. The values of these shares, moreover, may be inflated due to the techniques used earlier to remove bad loans from their balance sheets. This has left banks exposed to these now worthless portfolios. To that extent, international accounting firms and market regulators put their reputations on the line when they support capital raising by the banks internationally. In short, the politics and economics of China's bank reforms and the struggles to control the banks have been internationalized.

Walter suggested that China is trapped with a banking system that is suited to the country's political system, but not to its economy. His forthcoming book, Red Capitalism: The Fragile Financial Foundations of China's Extraordinary Rise, co-authored with Fraser J.T. Howie, examines this issue and the recent history of China's financial system in depth.

 

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