** We are currently experiencing some problems with our online RSVP system.  If you have any difficulty registering for this event, please send an email directly to the organizer, Denise Masumoto, via email masumoto@stanford.edu.  Thank you for your cooperation.  **

In this session of the Shorenstein APARC Corporate Affiliate Visiting Fellows Research Presentations, the following will be presented:

Mitsunori Fukuda, "Learning From Regulations About Electricity Supply in California"

In March 2011, a massive earthquake and tsunami struck Japan causing a severe accident at the Fukushima Daiichi Nuclear Power Plant.  As a result of this accident and an electricity crisis in Japan, it has become increasingly more important to create a more stable and robust electricity supply system.  On the other hand, there is a unique electricity supply situation in California.  Although the situation is much different from the one in Japan, the California government has also tried to improve its situation by reforming regulations for electricity supply companies.  In his research, Fukuda reviews the Japanese electricity supply situation and related regulations.  Additionally, he identifies significant learning points for Japanese improvement from the California situation. 

Chengbao He, "The Characteristics of Research and Development Management of Large Oil Companies"

Large oil companies play a dominant role in the oil industry, a vast majority of which is integrated with upstream and downstream business.  These large oil companies consist of international oil companies (IOCs) and national oil companies (NOCs).  Along with the accelerated economic globalization process, competition and cooperation between NOCs and IOCs will be more extensive and diverse.  The competition between these enterprises is not only a competition for resources, but more importantly, it is about the technical strength of competition and the ability to develop and deploy new technology.  Strengthening the management of research and development (R&D) and improving the efficiency of R&D is the constant goal of each oil company. 

In his research, He introduces the typical generation of R&D management mode at present, focuses on the analysis and comparison of R&D management and operation practice of the five well-known large oil companies, namely ExxonMobil, BP, Shell, Chevron and CNPC.  They have formed their unique management mode, technological advantage and competitive advantage in technology innovation. 

Tsutomu Morigaki, "How Do Japanese Electric Companies Expand Business both in Japan and Globally?"

Traditional Japanese electric companies have been struggling with expanding their own businesses as well as their declining international competitiveness in the field.  Why is it difficult for Japanese companies to recover and succeed in international markets?  Morigaki analyzes the current situation from various points of view such as cultural features, technological trends and the movement of leading companies in the United States.  In this presentation, Morigaki provides suggestions on how to make strategies and which fields Japanese electric companies should focus on in the near future. 

Toshihiko Takeda, "Enhancing Multiculturalism Through Implementing Immersion Programs in Japan – Learning from Schools in the San Francisco Bay Area"

The United States has accepted generations of immigrants for more than 240 years from all around the globe.  While on the opposite shore of the Pacific Ocean, Japan maintains a virtually homogeneous society.  However, some local governments in Japan are facing an influx of foreign migrants who need to communicate with new neighbors in many places including classrooms.  The United States has a long history of language education for immigrants and its children.  Takeda explores various language immersion programs and analyzes good practices in the San Francisco Bay Area and implementation options for Japan. 

** We are currently experiencing some problems with our online RSVP system.  If you have any difficulty registering for this event, please send an email directly to the organizer, Denise Masumoto, via email masumoto@stanford.edu.  Thank you for your cooperation.  **

In this session of the Shorenstein APARC Corporate Affiliate Visiting Fellows Research Presentations, the following will be presented:

Kazuaki Osumi, "A Comparative Study of VCs in the United States and Japan"

There is no doubt that start-ups are one of the most important players for innovation.  And venture capital firms (VCs) play a vital role in improving their business.  In his research, Osumi tries to find out what the role is for the Japanese government in this area by comparing the differences between VCs in the United States and Japan.

Kenta Sakurai, "Establishing the Optimal System of Patent Examination"

The patent war between Apple and Samsung Electronics, which was big news in the summer of 2012, has been spreading throughout the world, including Europe and Asia.  However, this is not the only problem these two companies have.  In order to prepare for the other forth-coming patent wars, technology companies are trying to win an “armament race”, acquiring as many patents (“weapons”) as possible.  While heating the races, the total number of patent applications filed at the national patent offices has been rapidly increasing over the last decade.  As a result, the most serious problem for each of these offices has become examining this flood of applications, creating a trade-off between swiftness and accuracy of examination.

In his presentation, Sakurai argues what is the optimal patent examination process, understanding the importance of both timely patent issuance and deterrence of superfluous provision of “weapons”.

Mao Xie, "Downstream Gas Business Management"

In recent years, the role of natural gas in facilitating low carbon economic growth, energy consumption mix optimization and environmental protection has become more prominent.  After the deregulation of the wellhead prices, interstate pipeline regulation and the emergence of the marketers, the United States’ natural gas industry has entered its mature stage and become one of the most developed gas markets in the world.

To develop a strong natural gas business constitutes a key part of constructing a green, internationalized and sustainable PetroChina.  Through market environment comparison and case studies involving the downstream area, Xie attempts to understand the best and most appropriate experiences that a state-owned company like PetroChina can learn and apply to its own practices.

Gregory Poling will begin with a multimedia presentation highlighting the most important aspects of the South China Sea disputes, including the competing legal claims, recent clashes, and the oil, fisheries, and trade interests that help feed the conflict. He will then examine recent actions by the various claimants and the motivations behind them, including the Philippines' recent decision to take China's claims to a UN arbitration tribunal. He will show why commentators have been too quick to dismiss Manila's case. During the Q&A he will field questions on any aspect of the disputes, including what they imply for Asia and US-Asian relations.

Gregory Poling’s work at CSIS includes managing projects focused on US foreign policy in the Asia-Pacific, especially in Southeast Asia. In addition to the South China Sea, his research interests include democratization in Southeast Asia and Asian multilateralism. Before joining CSIS he lived and worked in China as an English language teacher. He has an MA in international affairs from American University, earned his BA in history and philosophy at Saint Mary's College of Maryland, and has studied at Fudan University in Shanghai.

More than 215 million people—approximately 3% of the world’s population—now live outside their country of birth (United Nations, 2009). Migration of individuals across international borders has socio-economic consequences both to the receiving and sending countries. One of the most important economic impacts of international migration is the amount of remittances sent home by migrants. World Bank (2011) estimated that developing countries received about $372 billion of remittances. Remittances serve as the second largest source of foreign reserves, next to exports of goods and services, for these countries. In addition, remittances benefit the poor households whose average income falls below the amount necessary to meet their most basic and non-food needs for the year.

This study focuses on the roles of international migration and remittances in the Philippines, which was ranked fourth in total international remittances received in 2009, after India, China, and Mexico (World Bank, 2012). The Philippine government refers to the temporary international workers or Overseas Filipino Workers (OFWs) as bagong bayani or new heroes. This epithet stems from the important roles that these migrant workers play: they often serve as the primary income providers for their families left in the Philippines, and their transfers are a source of foreign reserves for the Philippine economy.  

The colloquium presents evidence on three related research questions. The first is whether agricultural households in rural Philippines use remittances from OFWs, along with loans, and assets to mitigate the effect of negative shocks to their income. In particular, speaker Marjorie Pajaron will ask the question whether farmers depend on their network of family and friends when they encounter a natural disaster, like excessive rainfall or typhoon. The second is how migration affects the bargaining power within the household. Finally, she will discuss the remittance behavior of different types of migrants from the Philippines. 

Marjorie Pajaron joins the Walter H. Shorenstein Asia-Pacific Research Center during the 2012–13 academic year from the University of Hawai’i at Manoa Department of Economics where she served as a lecturer.

She took part for five years in the National Transfer Accounts project based in Honolulu. Her research focuses on the role of migrant remittances as a risk-coping mechanism, as well as the importance of bargaining power in the intra-household allocation of remittances in the Philippines. Pajaron received a PhD in economics from the University of Hawai’i at Manoa. 

Her recent working papers include: “Remittances, Informal Loans, and Assets as Risk-Coping Mechanisms: Evidence from Agricultural Households in Rural Philippines,” October 2012, Revise and Resubmit, Journal of Development Economics; “The Roles of Gender and Education on the Intra-household Allocations of Remittances of Filipino Migrant Workers,” June 2012; and “Are Motivations to Remit Altruism, Exchange, or Insurance? Evidence from the Philippines,” December 2011.