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Is a New Round of Economic Reform Kicking Off in China? The Aftermath of the Third Plenum

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At the November 2013 Third Plenum, China’s leaders committed to an ambitious program of economic reform.  Now their challenge is to convert those commitments into a realistic and sustained program of change.  Barry Naughton, just back from fall term at Tsinghua University in Beijing, examines the achievements and obstacles, and discusses how these fit in with the other initiatives of Xi Jinping’s complex emerging agenda.

Barry Naughton is a professor at the University of California, San Diego.  He is one of the world’s top experts on the Chinese economy, and a long-term analyst of Chinese economic policy. Naughton received his Ph.D. in Economics from Yale University in 1986.  Naughton was named the So Kuanlok Professor at the Graduate School of International Relations and Pacific Studies (IR/PS) of the University of California at San Diego in 1998.  He has consulted extensively for the World Bank, as well as for corporate clients.  Naughton is a member of the Council on Foreign Relations and is a non-resident fellow of the Brookings Institution in Washington, D.C.  

This event is co-sponsored with CEAS and is part of the China under Xi Jinping series.

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Barry Naughton Professor of Chinese Economy Speaker UCSD
Seminars
China under Xi Jinping

Does Decentralization Lessen or Worsen Poverty? Evidence from Post-‘Big Bang’ Indonesia

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Co-sponsored by the Stanford Center for International Development

Under what conditions is decentralization most likely to foster development and reduce poverty?  Plausible answers include:  a sufficiently committed central government; local checks against corruption; and sufficiently resourced actors able to deliver public services effectively. Indonesia is a good place to explore the explanatory power of these and other propositions, thanks to the country’s diverse local conditions and the rapid and sweeping (“Big Bang”) decentralization that it underwent in the late 1990s.  In his disaggregation of the Indonesian case since then, Dr. Sumarto will examine whether, how, and why poverty alleviation has been helped or hurt by particular economic, social, and political variations in the context and character of local governments across the archipelago.

Sudarno Sumarto was an Asia Foundation Visiting Fellow at APARC in 2009-2010.  In 2001-2009 he was the director of SMERU, a highly regarded independent institute for research and public policy studies in Jakarta.  He has served as a consulting economist for the World Bank, the Asian Development Bank, among other organizations, and has taught in Indonesia’s leading universities. His latest publication is Explaining Regional Heterogeneity of Poverty:  Evidence from Decentralized Indonesia (co-authored, 2013).  Earlier titles include more than sixty co-authored books, working papers, articles, chapters, and reports on topics such as poverty, decentralization, employment, vulnerability, and economic growth.  His degrees in economics include a PhD and an MA from Vanderbilt University and a BSc from Satya Wacana Christian University (Salatiga).

Lunch will be served.

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Sudarno Sumarto

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Shorenstein APARC/Asia Foundation Visiting Fellow
652666552_jnP6G-L-1.jpg MA, PhD

Sudarno Sumarto is the Shorenstein APARC / Asia Foundation fellow for 2009-10.  He has a PhD and an MA from Vanderbilt University and a BS from Satya Wacana Christian University (Salatiga), all in economics.  Prior to joining Shorenstein APARC he was the director of SMERU for nearly 10 years. SMERU is an independent institution for research and public policy studies which professionally and proactively provides accurate and timely information, as well as objective analysis on various socioeconomic and poverty issues considered most urgent and relevant for the people of Indonesia. The institute has been at the forefront of the research effort to highlight the impact of government programs and policies, and has actively published and reported its research findings. The work expanded to include other areas of applied and economic research that are of fundamental importance to contemporary development issues. He was also a lecturer at Bogor Institute of Agriculture (IPB), Bogor, Indonesia.

Sumarto has contributed to more than sixty co-authored articles, chapters, reports, and working papers, including "Agricultural Growth and Poverty Reduction in Indonesia," in Beyond Food Production (2007); "Reducing Unemployment in Indonesia," SMERU Working Paper, 2007; "Improving Student Performance in Public Primary Schools in Developing Countries:  Evidence from Indonesia," Education Economics, December 2006; and “The Effects of Location and Sectoral Components of Economic Growth on Poverty: Evidence from Indonesia.” Journal of Development Economics, 89(1), pp. 109-117, May 2009.  As well as conducting research and writing papers, Sumarto has worked closely with the Indonesian government, giving advice on poverty issues and government poverty alleviation programs.

Sumarto has spoken on poverty and development issues in Australia, Chile, Peru, China, Egypt, Ethiopia, France, Japan, Morocco, Thailand, and the United Kingdom, among other countries.

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Sudarno Sumarto Senior fellow Speaker SMERU Research Institute
Seminars

Why Do Parents Abort Girls? Patrilocality and Its Historical Origin

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Co-sponsored by the Stanford Center for International Development

Recent scholarship has documented an alarming increase in the sex ratio at birth in parts of East Asia, South Asia and the Caucuses. In this paper, I argue that parents in these regions engage in sex selection because of patrilocal norms that dictate elderly coresidence between parents and sons. Sex ratios and coresidence rates are positively correlated when looking across countries, within countries across districts, and within districts across ethnic groups. The paper then examines the roots of patrilocality and biased sex ratios using the Ethnographic Atlas (Murdock 1965). I find that ethnic groups in areas with land conducive to intensive agriculture have stronger patrilocal norms, higher modern coresidence rates, and higher sex ratios at birth. The paper concludes with an examination of the expansion to old age support in South Korea. Consistent with the paper’s argument, I find that the program was associated with a normalization in the sex ratio at birth.

Avi Ebenstein received his Ph.D. in economics from the University of California, Berkeley in 2007 is a Lecturer at the Hebrew University of Jerusalem in the Department of Economics. His fields of interest include environmental economics, economic demography, and international trade. Avi's past research has focused primarily on issues related to  China, including the health impacts of air and water pollution, causes and consequences for the country’s high sex ratio at birth, internal migration, and the impact of China’s entry into the global economy on wage patterns domestically and in the United States. He is currently a Visiting Research Scholar at the Center for Health and Wellbeing at Princeton University.

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Avraham Ebenstein Lecturer Speaker The Hebrew University of Jerusalem in the Department of Economics
Seminars

Toward a More Open Japan? TPP, RCEP, and Abenomics

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Prime Minister Abe's economic policy, called Abenomics, places policies to open up Japan as a key component.  The government argues that reducing the barriers for international trade and capital flows will revitalize the Japanese economy and restore the growth in Japan.  At the core of the opening up policy are efforts to establish free trade agreements (FTAs) with major trading partners.  Japan joined the negotiation for TPP (Trans-Pacific Partnership), which includes the U.S., Japan's second largest trading partner, in July this year.  Japan has also started negotiation for RCEP (Regional Comprehensive Economic Partnership), which includes China, Japan's largest trading partner.  Will these efforts really succeed in making the Japanese economy more open?  Do they lead to the recovery of Japan from two decades of stagnation?  Experts from both sides of the Pacific discuss these issues.

 

Participants:

Glen S.

Fukushima is Senior Fellow at the Center for American Progress, a prominent public policy think tank headquartered in Washington, D.C.  From 1990 to 2012, Mr. Fukushima was based in Tokyo as a senior executive with one European and four American multinational corporations: Vice President, AT&T Japan Ltd.; President, Arthur D. Little Japan; President & CEO, Cadence Design Systems Japan; President & CEO, NCR Japan; and President & CEO, Airbus Japan.  Before embarking on his business career in 1990, he was based in Washington, D.C. as Director for Japanese Affairs (1985-1988) and Deputy Assistant United States Trade Representative for Japan and China (1988-1990) at the Office of the United States Trade Representative (USTR), Executive Office of the President.  Mr. Fukushima served two terms as President of the American Chamber of Commerce in Japan, 1998-1999, and Vice President, 1993-1997.  A native of California, Mr. Fukushima was educated at Deep Springs College, Stanford University, Harvard University Graduate School of Arts and Sciences, Harvard Business School, and Harvard Law School. At Harvard, he was awarded a National Science Foundation Fellowship. He has studied and worked in Japan for over 25 years, including at Keio University, a daily newspaper, an international law firm, and as a Fulbright Fellow and a Japan Foundation Fellow at the Faculty of Law, University of Tokyo.

 

Hideichi Okada joins the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) from September, 2013 until March, 2014 as Sasakawa Peace Fellow with the Japan Studies Program (JSP).  His research interests encompass energy policies and trade policies in the context of possible cooperation between Japan and the U.S. During his time at Shorenstein APARC, Okada will be working to launch New Dialogue Program for future cooperation on various areas between Japan and the U.S., and other Asia Pacific countries.  Okada served as Vice Minister for International Affairs, Ministry of Economy, Trade and Industry (METI) from 2010 to 2012, where he promoted international trade and investment, and expanded industrial cooperation with various countries. He also served as Director General of Trade Policy Bureau (2008-2010) and Director General of Commerce and Information Policy Bureau of METI (2007-2008). He worked for Prime Minister Junichiro Koizumi as his executive assistant, where he dealt with policies on economy, industry, energy, science and technology, and environment, and with public relations (2001-2006). He was a professor at GRIPS (2006-2007) and a visiting scholar at Harvard Law School and IR/PS, University of California, San Diego in 2007.  Okada was born in Tokyo in 1951. He received LL.M. degree from Harvard Law School (1981) and graduated from the University of Tokyo with a LL.B. (1976). Currently, he is Senior Advisor, NTT Data Institute of Management and Consulting.

 

Phillip Lipscy is a center fellow at the Freeman Spogli Institute for International Studies and an assistant professor of political science at Stanford University. His fields of research include Japanese politics, U.S.-Japan relations, international and comparative political economy, international security, and regional cooperation in East and Southeast Asia.  Lipscy is an expert on bargaining over unbalanced representation in international organizations such as the United Nations Security Council, International Monetary Fund, and World Bank. His existing work addresses a wide range of topics such as the use of secrecy in international policy making, the effect of domestic politics on trade, and Japanese responses to the Asian Financial Crisis. His most recent research examines the political and economic factors that facilitate energy-efficient policymaking.  Lipscy obtained his PhD in political science at Harvard University. He received his MA in international policy studies and BA in economics and political science at Stanford University.  Lipscy has been affiliated with the Reischauer Institute of Japanese Studies and Weatherhead Center for International Affairs at Harvard University, the Institute for Global and International Studies at George Washington University, the RAND Corporation, and the Institute for International Policy Studies in Tokyo.

 

Takeo Hoshi is the Henri and Tomoye Takahashi Senior Fellow at the Walter H. Shorenstein Asia-Pacific Research Center at Stanford University, and professor of finance (by courtesy), Stanford Graduate School of Business. Prior to joining S/APARC, he was Pacific Economic Cooperation Professor in International Economic Relations at the Graduate School of International Relations and Pacific Studies (IR/PS) at the University of California, San Diego (UCSD). Hoshi also serves on the Board of Directors at Union BanCal Corporation. He is also a research associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER). His main research interests include the study of the financial aspects of the Japanese economy, especially corporate finance, banking, and monetary policy. He received numerous awards for his publications including Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001), co-authored with Anil Kashyap (Graduate School of Business, University of Chicago), and his other publications include, “Japanese Government Debt and Sustainability of Fiscal Policy” (with Takero Doi and Tatsuyoshi Okimoto), Journal of the Japanese and International Economies,2011; “Corporate Restructuring in Japan during the Lost Decade” (with Satoshi Koibuchi and Ulrike Schaede), Japan’s Bubble, Deflation, and Long-term Stagnation, MIT Press, 2011 (Koichi Hamada, Anil K Kashyap, and David E. Weinstein, eds.) He has been the editor-in-chief of the Journal of the Japanese and International Economies since 1999. Hoshi received his BA in social sciences from the University of Tokyo in 1983, and a PhD in economics from the Massachusetts Institute of Technology in 1988.

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Glen S. Fukushima Senior Fellow, Center for American Progress; Former President, American Chamber of Commerce in Japan and Former Deputy Assistant U.S. Trade Representative for Japan and China Panelist

Hideichi Okada

Shorenstein APARC
Encina Hall E317
616 Serra Street
Stanford, CA 94305-6055

(650) 725-2375 (650) 213-6374 (650) 723-6530
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Sasakawa Peace Fellow
OKADA,_Hideichi_1_3x4.jpg

Hideichi Okada joins the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) from September, 2013 until March, 2014 as Sasakawa Peace Fellow with the Japan Studies Program (JSP).

His research interests encompass energy policies and trade policies in the context of possible cooperation between Japan and the U.S. During his time at Shorenstein APARC, Okada will be working to launch New Dialogue Program for future cooperation on various areas between Japan and the U.S., and other Asia Pacific countries.

Okada served as Vice Minister for International Affairs, Ministry of Economy, Trade and Industry (METI) from 2010 to 2012, where he promoted international trade and investment, and expanded industrial cooperation with various countries. He also served as Director General of Trade Policy Bureau (2008-2010) and Director General of Commerce and Information Policy Bureau of METI (2007-2008). He worked for Prime Minister Junichiro Koizumi as his executive assistant, where he dealt with policies on economy, industry, energy, science and technology, and environment, and with public relations (2001-2006). He was a professor at GRIPS (2006-2007) and a visiting scholar at Harvard Law School and IR/PS, University of California, San Diego in 2007.

Okada was born in Tokyo in 1951. He received LL.M. degree from Harvard Law School (1981) and graduated from the University of Tokyo with a LL.B. (1976). Currently, he is Senior Adviser, NTT Data Institute of Management and Consulting.

Hideichi Okada The Sasakawa Peace Fellow, Shorenstein APARC Panelist Stanford University

Phillip Lipscy

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Former Thomas Rohlen Center Fellow at the Freeman Spogli Institute for International Studies
Former Assistant Professor of Political Science
phillip_lipscy_2018.jpg PhD

Phillip Y. Lipscy was the Thomas Rohlen Center Fellow at the Freeman Spogli Institute for International Studies and Assistant Professor of Political Science at Stanford University until August 2019. His fields of research include international and comparative political economy, international security, and the politics of East Asia, particularly Japan.

Lipscy’s book from Cambridge University Press, Renegotiating the World Order: Institutional Change in International Relations, examines how countries seek greater international influence by reforming or creating international organizations. His research addresses a wide range of substantive topics such as international cooperation, the politics of energy, the politics of financial crises, the use of secrecy in international policy making, and the effect of domestic politics on trade. He has also published extensively on Japanese politics and foreign policy.

Lipscy obtained his PhD in political science at Harvard University. He received his MA in international policy studies and BA in economics and political science at Stanford University. Lipscy has been affiliated with the Reischauer Institute of Japanese Studies and Weatherhead Center for International Affairs at Harvard University, the Institute of Social Science at the University of Tokyo, the Institute for Global and International Studies at George Washington University, the RAND Corporation, and the Institute for International Policy Studies.

For additional information such as C.V., publications, and working papers, please visit Phillip Lipscy's homepage.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Phillip Lipscy The Thomas Rohlen Center Fellow, FSI and Assistant Professor, Department of Political Science Panelist Stanford University

Takeo Hoshi

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Former Henri H. and Tomoye Takahashi Senior Fellow in Japanese Studies at the Freeman Spogli Institute for International Studies
Former Professor, by courtesy, of Finance at the Graduate School of Business
takeo_hoshi_2018.jpg PhD

Takeo Hoshi was Henri and Tomoye Takahashi Senior Fellow at the Freeman Spogli Institute for International Studies (FSI), Professor of Finance (by courtesy) at the Graduate School of Business, and Director of the Japan Program at the Shorenstein Asia-Pacific Research Center (APARC), all at Stanford University. He served in these roles until August 2019.

Before he joined Stanford in 2012, he was Pacific Economic Cooperation Professor in International Economic Relations at the Graduate School of International Relations and Pacific Studies (IR/PS) at University of California, San Diego (UCSD), where he conducted research and taught since 1988.

Hoshi is also Visiting Scholar at Federal Reserve Bank of San Francisco, Research Associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER), and Senior Fellow at the Asian Bureau of Finance and Economic Research (ABFER). His main research interest includes corporate finance, banking, monetary policy and the Japanese economy.

He received 2015 Japanese Bankers Academic Research Promotion Foundation Award, 2011 Reischauer International Education Award of Japan Society of San Diego and Tijuana, 2006 Enjoji Jiro Memorial Prize of Nihon Keizai Shimbun-sha, and 2005 Japan Economic Association-Nakahara Prize.  His book titled Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001) co-authored with Anil Kashyap (Booth School of Business, University of Chicago) received the Nikkei Award for the Best Economics Books in 2002.  Other publications include “Will the U.S. and Europe Avoid a Lost Decade?  Lessons from Japan’s Post Crisis Experience” (Joint with Anil K Kashyap), IMF Economic Review, 2015, “Japan’s Financial Regulatory Responses to the Global Financial Crisis” (Joint with Kimie Harada, Masami Imai, Satoshi Koibuchi, and Ayako Yasuda), Journal of Financial Economic Policy, 2015, “Defying Gravity: Can Japanese sovereign debt continue to increase without a crisis?” (Joint with Takatoshi Ito) Economic Policy, 2014, “Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan” (with Anil Kashyap), Journal of Financial Economics, 2010, and “Zombie Lending and Depressed Restructuring in Japan” (Joint with Ricardo Caballero and Anil Kashyap), American Economic Review, December 2008.

Hoshi received his B.A. in Social Sciences from the University of Tokyo in 1983, and a Ph.D. in Economics from the Massachusetts Institute of Technology in 1988.

Former Director of the Japan Program at the Shorenstein Asia-Pacific Research Center
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Takeo Hoshi Henri H. and Tomoye Takahashi Senior Fellow in Japanese Studies at FSI; Professor, by courtesy, of Finance, Graduate School of Business and Director, Japan Studies Program, Shorenstein APARC Moderator Stanford University
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